Krystal Integrated Services Secures ₹275-Crore Municipal Waste Management Contract from Maharashtra Corporation

2 min read     Updated on 12 Jan 2026, 08:04 PM
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Overview

Krystal Integrated Services Ltd has secured three municipal solid waste management contracts from Vasai-Virar City Municipal Corporation worth ₹275 crore over five years. The contracts cover comprehensive sanitation services including door-to-door collection, segregation, transportation, and cleaning operations across residential, commercial, and public areas in compliance with Solid Waste Management Rules, 2016. This win reinforces the company's capability in large-scale municipal operations serving Maharashtra's fastest-growing urban regions.

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*this image is generated using AI for illustrative purposes only.

Krystal Integrated Services Ltd has secured a significant municipal contract win, bagging three major solid waste management contracts from the Vasai-Virar City Municipal Corporation (VVCMC) worth approximately ₹275 crore. The comprehensive agreement spans five years with an additional three-month preparatory phase, marking a substantial addition to the company's municipal services portfolio.

Contract Scope and Services

The contracts encompass end-to-end municipal sanitation services designed to comply with the Solid Waste Management Rules, 2016. The comprehensive service package includes:

Service Category: Coverage Details
Collection Services: Door-to-door collection and segregation
Transportation: Municipal solid waste to authorized facilities
Cleaning Operations: Street cleaning and public space maintenance
Service Areas: Residential, commercial, institutional, and notified public areas
Waste Processing: Transportation to authorized processing, treatment, and disposal facilities

The company will deploy dedicated manpower, specialized vehicles, and modern equipment to ensure uninterrupted, hygienic, and compliant services across the three designated wards, maintaining strict adherence to safety and regulatory standards.

Management Commentary

Sanjay Dighe, CEO and Director of Krystal Integrated Services Ltd, emphasized the significance of this contract win: "Securing these multiple municipal sanitation mandates from Vasai–Virar City Municipal Corporation marks another important milestone for Krystal Integrated Services. Urban waste management is a critical public service that demands operational discipline, reliability, and regulatory compliance."

Dighe further highlighted how these engagements reinforce the company's ability to manage large-scale, people-intensive municipal operations while supporting city administrations in delivering cleaner, healthier, and more sustainable urban environments.

Strategic Significance

The Vasai–Virar City Municipal Corporation serves one of Maharashtra's fastest-growing urban regions, highlighting the increasing reliance on professional facility management partners for civic sanitation and urban infrastructure services. This contract positions Krystal Integrated Services to capitalize on the growing demand for professional municipal services in rapidly expanding urban areas.

Recent Business Developments

The municipal contract win follows other recent successes for the company. On 4 March 2025, Krystal Integrated Services gained 6.00% after securing key airport contracts at three major airports: Chennai International Airport in Tamil Nadu, Trivandrum International Airport in Kerala, and Chandigarh International Airport. These agreements enhanced the company's service offerings across security, hygiene, and facility management services.

Company Profile and Market Performance

Established in 2000 and headquartered in Mumbai, Krystal Integrated Services has expanded its operations nationwide, offering integrated facility management, staffing, payroll solutions, security services, and catering services to a diverse client base across multiple sectors.

Market Data: Details
Closing Price: ₹615.20
Daily Change: -₹8.70 (-1.39%)
Trading Date: 12-Jan-2026
Exchange: NSE

Historical Stock Returns for Krystal Integrated Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.15%+17.52%+14.42%-3.47%-10.42%-13.48%
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Krystal Integrated Services Secures ₹275 Crore Municipal Sanitation Contracts from Vasai-Virar Corporation

2 min read     Updated on 12 Jan 2026, 06:01 PM
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Reviewed by
Ashish TScanX News Team
Overview

Krystal Integrated Services has secured three major municipal solid waste management contracts from Vasai-Virar City Municipal Corporation worth approximately ₹275.00 crores over five years. The contracts cover end-to-end sanitation services across Prabhag G, C, and F, including door-to-door waste collection, segregation, transportation, and street cleaning in compliance with SWM Rules, 2016. The company will deploy dedicated manpower, specialized vehicles, and modern equipment to serve residential, commercial, and public areas in this fast-growing Maharashtra urban region.

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*this image is generated using AI for illustrative purposes only.

Krystal Integrated Services has secured three major municipal solid waste management contracts from the Vasai-Virar City Municipal Corporation (VVMC), marking a significant milestone for the integrated facility management solutions provider. The contracts, announced on January 12, 2026, carry a combined value of approximately ₹275.00 crores over a five-year period with an additional three-month preparatory phase.

Contract Details and Scope

The municipal sanitation mandates cover comprehensive waste management services across Prabhag G, C, and F under the Vasai-Virar City Municipal Corporation. The contracts are structured to deliver end-to-end solid waste management services in strict compliance with the Solid Waste Management Rules, 2016.

Contract Parameter: Details
Total Contract Value: ₹275.00 crores
Contract Duration: 5 years + 3-month preparatory phase
Coverage Areas: Prabhag G, C, and F
Service Type: End-to-end municipal sanitation
Compliance Framework: SWM Rules, 2016

Service Delivery Framework

The comprehensive scope of work encompasses multiple critical waste management functions across diverse urban zones. Krystal Integrated Services will handle door-to-door collection and segregation of municipal solid waste, along with transportation services to ensure efficient waste flow management. The company will also manage street cleaning services and maintain cleanliness standards across public spaces.

The service delivery extends across residential, commercial, institutional, and notified public areas within the three designated wards. Additionally, the company will ensure proper transportation of segregated waste to authorized processing, treatment, and disposal facilities, maintaining the complete waste management cycle.

Operational Infrastructure and Deployment

To execute these large-scale municipal operations, Krystal Integrated Services will deploy dedicated manpower, specialized vehicles, and modern equipment across all three wards. The deployment strategy focuses on ensuring uninterrupted, hygienic, and compliant waste management services while maintaining strict adherence to safety and regulatory standards.

The operational framework is designed to handle the demands of one of Maharashtra's fastest-growing urban regions, requiring robust infrastructure and systematic service delivery protocols.

Management Commentary

Sanjay Dighe, CEO and Director of Krystal Integrated Services Ltd, emphasized the strategic importance of these contracts. He stated that securing these multiple municipal sanitation mandates from Vasai-Virar City Municipal Corporation represents another important milestone for the company. Dighe highlighted that urban waste management is a critical public service demanding operational discipline, reliability, and regulatory compliance.

The CEO noted that these engagements reinforce the company's ability to manage large-scale, people-intensive municipal operations while supporting city administrations in delivering cleaner, healthier, and more sustainable urban environments.

Company Background and Growth Trajectory

Established in 2000 and headquartered in Mumbai, Maharashtra, Krystal Integrated Services Limited serves a diverse client base across multiple sectors including healthcare, education, government administration, transportation infrastructure, and retail. Beyond facility services, the company offers staffing and payroll solutions, security services, and catering.

The company has demonstrated significant growth momentum, with its customer base expanding from 262 to 461 between FY21 and FY25. During the same period, operations expanded from 1,962 to 3,209 locations nationwide, reflecting the company's scaling capabilities and market penetration.

Growth Metric: FY21 FY25 Growth
Customer Base: 262 461 +76.00%
Operational Locations: 1,962 3,209 +63.00%

These municipal contract wins further strengthen Krystal Integrated Services' municipal services portfolio and underscore its capability to deliver long-term, high-impact public infrastructure operations at scale.

Historical Stock Returns for Krystal Integrated Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.15%+17.52%+14.42%-3.47%-10.42%-13.48%
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