BSECompany Update12 Aug 2026 · 12 Aug 2026, 09:46 am
Press Release pertaining to Acquisition of 100% stake in Citelum India from France Government Owned EDF Group
Krystal Integrated Services Ltd · 544149
✦ AI Summary▲ PositiveM&A
Krystal Integrated Services Ltd acquires 100% stake in Citelum India from France Government Owned EDF Group, targeting ₹300–350 Crore annual revenue from City Lighting & Urban Infrastructure business.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment10/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Krystal Integrated Services Ltd - 544149 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Attachments (1)
📄pdf
Download →
fc282ca7-bf87-428d-a1dc-7139a0ecfa39.pdf
View document text
K I S L
RYSTAL NTEGRATED ERVICES IMITED
(FORMERLY KNOWN AS KRYSTAL INTEGRATED SERVICES PRIVATE LIMITED)
August 12, 2026 KISL/CS/SE/44/2026-27
The Department of Corporate Services National Stock Exchange of India Limited
BSE Limited Exchange Plaza, Plot no. C/1, G Block,
General Manager Bandra-Kurla Complex,
Floor 25, Phiroze Jeejeebhoy Towers, Bandra (E),
Dalal Street, Mumbai 400 001 Mumbai - 400 051
Scrip Code: 544149 Scrip Symbol: KRYSTAL
Dear Sir/Madam,
Subject - Press Release
Pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed
herewith a Media Release dated August 12, 2026 titled “Acquires 100% Stake in Citelum India
from France Government Owned EDF Group.”
The above Press Release is also being made available on the website of the Company at
https://krystal-group.com/press-releases.
This is for your information and records.
Thanking You,
For Krystal Integrated Services Limited
(Previously known as Krystal Integrated Services Private Limited)
Manishkumar Sangani
Company Secretary & Compliance Officer
Membership Number: A24871
Encl.: as above
Registered Office: Krystal House, 15A/17, Shivaji Fort CHS, Duncans Causeway Road Mumbai -400 022,
Maharashtra (India) Tel: +9122 4353 1234, +9122 47471234.
Web: www.krystal-group.com CIN - L74920MH2000PLC129827.
Media Release
Krystal Targets ₹300–350 Crore Annual Revenue from City Lighting & Urban
Infrastructure Business
Acquires 100% Stake in Citelum India from France Government Owned EDF Group
Mumbai, 12th August,2026: Krystal Integrated Services Limited (KISL), a well-diversified provider of
integrated facility management, staffing solutions, security services, catering and waste management
services across India announced that the Company has acquired 100% equity stake in Citelum India Private
Limited (“Citelum India”) from its current shareholders including Citelum S.A.S., France. Citelum India will
become a wholly owned subsidiary of Krystal Integrated Services Limited.
The acquisition marks Krystal’s entry into the City Lighting & Urban Infrastructure segment and forms part of its
strategy to build an engineering-led infrastructure services business. Krystal is targeting annual revenue of ₹300–
350 crore from the new vertical over the next 3–4 years and plans to invest approximately ₹100 crores in
engineering capabilities, technology platforms and business expansion. The Company plans to scale its operations
across 30–40 cities in 12–15 states, with infrastructure services expected to contribute 12–15% of consolidated
revenues.
Strategic Rationale
This acquisition marks Krystal's entry into city lighting and urban infrastructure services supported by
increasing investments in energy-efficient public infrastructure and city development initiatives.
Integrates Citelum India's expertise in city lighting and urban infrastructure services with Krystal's facility
management and technical operations platform.
Strengthens the Company’s ability to deliver end-to-end infrastructure services particularly for long-term
operations and maintenance projects.
Krystal intends to build on Citelum India's domain expertise and expand the Company's operations across
a wider spectrum of electrical infrastructure services including connected lighting, smart metering, EV
charging infrastructure and other city-focused electrical solutions.
Management Commentary
Commenting on the performance, Mr. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd,
said,
Krystal Integrated Services Limited took a strategic step toward strengthening its presence in infrastructure-linked
services through the acquisition of Citelum India Private Limited, a company operating in the city lighting and urban
infrastructure services segment.
Urban infrastructure in India is witnessing growing investment driven by urbanization, increasing focus on energy
efficiency and public infrastructure development. As cities increasingly adopt technology-enabled street lighting
systems that improve energy efficiency, monitoring and asset management, demand is rising for service providers
capable of delivering both installation expertise and long-term operations and maintenance of lighting infrastructure.
Citelum India operates in this segment offering services across the design, engineering, installation and maintenance
of street lighting and city lighting infrastructure with extensive experience in delivering connected lighting solutions
and managing lighting assets.
The proposed acquisition will enable Krystal to integrate Citelum India’s technical capabilities with its existing
operational strengths in integrated services and technical maintenance enhancing its ability to participate in
infrastructure-linked opportunities requiring specialized engineering expertise and long-term service delivery.
Citelum India will operate as a wholly owned subsidiary of Krystal Integrated Services Limited, supporting the
Company’s strategy of expanding into adjacent infrastructure service verticals and strengthening its positioning in city
lighting and urban infrastructure services.
Commenting on the performance, Mr. B Sivakumar, CEO & Director, Citelum India Private Limited, said,
“The acquisition by Krystal Integrated Services Limited marks an important milestone in Citelum India's growth journey.
Over the years, we have built strong capabilities in delivering city lighting and urban infrastructure solutions across
India and becoming a part of the Krystal Group provides us with an opportunity to further strengthen and scale these
capabilities. Krystal's strong operational platform, extensive customer relationships and expertise in infrastructure-
linked services complement our technical capabilities, creating a strong foundation for future growth.
We believe this partnership will enable us to pursue larger and more complex opportunities, enhance service delivery
and accelerate innovation in sustainable city lighting and urban infrastructure services. Together, we are well
positioned to support the growing demand for energy-efficient and technology-enabled infrastructure solutions while
creating long-term value for our customers, employees and all stakeholders. We look forward to working closely with
the Krystal team and contributing to the Company's long-term growth strategy.
The acquisition also presents an opportunity to create meaningful employment in an era of rapid technological and AI-
led transformation. As we scale our operations, we see the potential to create over 5,000 skilled and semi-skilled
employment opportunities, enabling more people to participate in and benefit from the growth of India’s urban
infrastructure ecosystem.’’
About Citelum India Private Limited
Citelum India is a specialized service provider in city lighting and urban infrastructure services across India. The
Company specializes in sectors such as municipal infrastructure, smart cities and industrial segments—including
municipal bodies, state government entities and corporate clients. The Company offers a comprehensive range of
services including energy-efficient street lighting, artistic illumination and the operation and maintenance of urban
networks. Additionally, Citelum India has the expertise to integrate services such as video surveillance, traffic
management and EV charging infrastructure. Since its inception in 2011, the Company has successfully managed over
3,00,000 lighting points across major projects in states like Gujarat, Uttar Pradesh, MP (Indore) and Chennai.
The Company is also providing services in energy management and advanced mobility infrastructure. The team’s
expertise covers Internet of Things (IoT) integration, remote network monitoring, and the implementation of EV
charging infrastructure and environmental sensor technologies.
About Krystal Integrated Services Limited:
KISL is a well-diversified service provide
[Showing first 8,000 characters — download PDF for full document]