Krystal Integrated Services Acquires 100% Stake in Citelum India

Krystal Integrated Services Limited (KISL) has acquired 100% equity stake in Citelum India Private Limited from its current shareholders, including Citelum S.A.S., France. This acquisition marks Krystal's entry into the City Lighting & Urban Infrastructure segment, aligning with its strategy to build an engineering-led infrastructure services business. KISL targets ₹300–350 crore annual revenue from this new vertical within 3-4 years and plans to invest approximately ₹100 crore in engineering capabilities, technology, and expansion. The company aims to scale operations across 30-40 cities, with infrastructure services expected to contribute 12-15% of consolidated revenues. The move integrates Citelum India's expertise with Krystal's existing platform, strengthening its ability to deliver end-to-end infrastructure services and expanding into areas like smart metering and EV charging.