Krystal Integrated Services Ltd

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About Krystal Integrated Services Ltd

Krystal Integrated Services Limited was incorporated as Sea King Enterprises Private Limited' at Mumbai as a Private Company on December 1, 2000 issued by the Registrar of Companies, Mumbai. Thereafter, name of the Company was changed to Krystal Tradecom Private Limited' dated February 6, 2001. The Company diversified its activities and the name of Company was changed from Krystal Tradecom Private Limited' to Krystal Integrated Services Private Limited', dated May 19, 2009. As a result, the Company converted into a Public Limited Company and the name was changed to Krystal Integrated Services Limited' vide fresh Certificate of Incorporation dated August 4, 2023 issued by the RoC. Krystal Integrated are one of India's leading integrated facilities management services companies in healthcare, education, public administration (state government entities, municipal bodies and other government institutions), airports, railways, metro infrastructure, manufacturing, entertainment, commercial spaces and retail. The Company provide a comprehensive range of integrated facility management services encompassing both soft services such as housekeeping, sanitation, landscaping, and gardening and hard services, including mechanical, electrical, and plumbing (MEP) maintenance, solid and liquid waste management, facade cleaning. Additionally, the Company provides staffing and payroll management solutions, private security and manned guarding, event management and corporate food and beverage ... services through the centralised kitchen in Mumbai. The Company's strength in the market is capable to provide integrated facility management requirements, sourcing from OEMs and adoption of smart technology. They are a key solutions provider to the government sector and are among select companies to qualify for and service large, multi-location government projects. In 2008, the Company started providing facility management services in the healthcare sector; thereafter, it formed Flame Facilities Private Limited as the subsidiary. Similarly in 2009, another subsidiary, Krystal Gourmet Private Limited was established. In 2022, the Smart City Business was demerged from the Company into Volksara Techno Solutions Private Limited (VTSPL) effective on July 19, 2022 through the Scheme of Arrangement. On the Scheme becoming effective, the Demerged undertaking got transferred to and vested in Volksara effective from April 1, 2020. The Company launched the IPO by issuing an aggregate of 41,97,552 equity shares having face value Rs 10 each, by raising funds of Rs 300.12 crores, comprising a fresh issue of 2,447,552 equity shares aggregating to Rs 175 crore and the offer for sale of 1,750,000 equity shares aggregating to Rs 125.12 crores on March 18, 2024. During 2024-25, two high-potential verticals were operationalised: Technical Facility Management, with a focus on structured MEP upkeep and compliance-linked preventive maintenance, and Solid Waste Management, which addresses both municipal solid waste and industrial wastewater treatment mandates. Secondly, Company entered into the B2C space through the rollout of Taskmaster, an on-demand cleaning and maintenance platform. Taskmaster Private Limited was incorporated as a wholly owned subsidiary of the Company in Maharashtra with effect from February 26, 2025.

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