Krystal Integrated Services Limited (KISL), a company with a market capitalization of ₹900.00 crore, has announced a significant business development. The company has secured a substantial contract worth approximately ₹370.00 crore from the Commissionerate of Social Welfare, Pune.

Contract Details

According to the company's filing with the stock exchanges, the contract entails providing Mechanized Housekeeping Services and Outsourced Manpower Services. The agreement was received by Krystal Integrated Services on September 1, 2025, and is set to span a period of five years.

Key Points of the Contract

• Service Scope: Mechanized Housekeeping Services and Outsourced Manpower Services
• Duration: 5 years
• Approximate Value: ₹370.00 crore (excluding all duties and taxes)
• Nature: Domestic contract, awarded in the ordinary course of business

Company Disclosure

Krystal Integrated Services Limited made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company confirmed that the contract does not fall under related party transactions, and neither the promoter nor the promoter group has any interest in the awarding entity.

This new contract represents a significant opportunity for Krystal Integrated Services, potentially boosting its revenue stream over the next five years. The substantial contract value of ₹370.00 crore, compared to the company's market capitalization of ₹900.00 crore, underscores the importance of this deal for KISL's future growth prospects.

Krystal Integrated Services Limited (KISL), a leading provider of integrated facility management solutions, has been awarded a significant contract by Maharashtra State Electricity Distribution Company Limited (MSEDCL). The three-year facility management contract, valued at approximately ₹65.00 crore, covers the operation and maintenance of key power substations across Maharashtra.

Contract Details

The agreement encompasses facility management services and operation & maintenance (O&M) of 33/11 kV, 33/22 kV, and 22/11 kV substations throughout the state. Under this contract, Krystal will be responsible for:

• Overseeing substation operations
• Ensuring system uptime
• Conducting preventive maintenance
• Providing rapid emergency response

Strategic Significance

This contract win strengthens Krystal's presence in India's public utilities sector and adds to its expanding portfolio of public sector engagements. The company views this as both a responsibility and an opportunity to impact essential services that communities depend on daily.

Sanjay Dighe, CEO & Whole Time Director of Krystal Integrated Services Limited, commented on the development, stating, "This contract from MSEDCL is a strong endorsement of our technical expertise and execution capabilities in the field. Managing substations involves not only the infrastructure but also the commitment to providing consistent and safe power to communities throughout Maharashtra."

Company Growth

Krystal Integrated Services, established in 2000 and headquartered in Mumbai, has shown significant growth in recent years:

The company provides integrated facility management services across various sectors, including healthcare, education, government administration, transportation infrastructure, and retail.

Financial Implications

While specific financial details were not disclosed, the ₹65.00 crore contract is expected to contribute positively to Krystal's revenue over the next three years. The company secured this contract in the ordinary course of business, further solidifying its position in the facility management sector.

As Krystal Integrated Services continues to expand its operations and secure significant contracts like this one with MSEDCL, it demonstrates the company's growing capabilities and market presence in India's facility management industry.