Krystal Integrated Services Ltd - Stock Valuation and Financial Performance

The company was incorporated as ‘Sea King Enterprises Private Limited’ at Mumbai as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated December 1, 2000 issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). The name of the company was changed to ‘Krystal Tradecom Private Limited’ and a fresh certificate of incorporation dated February 6, 2001 was issued by the RoC. Subsequently, the company diversified its activities and the name of the company was changed from ‘Krystal Tradecom Private Limited’ to ‘Krystal Integrated Services Private Limited’, and a fresh certificate of incorporation dated May 19, 2009 was issued by the RoC. Pursuant to a resolution of the company’s Board dated June 30, 2023 and a resolution of its shareholders dated July 4, 2023, the company was converted into a public limited company under the Companies Act, and consequently, the name of the company was changed to ‘Krystal Integrated Services Limited’ and a fresh certificate of incorporation dated August 4, 2023 was issued by the RoC.

The company is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration (state government entities, municipal bodies and other government offices), airports, railways and metro infrastructure, and retail sectors. It provides a comprehensive range of integrated facility management service offerings across multiple sectors, and consequently are among select companies in India that have a wide geographic presence and customer base, catering to almost all end-user segments. The company’s strengths in the market include its ability to provide bespoke solutions for integrated facility management requirements, sourcing from OEMs at competitive prices due to excellent long-term relations, best-in-class products, and adoption of smart technology. It provides services to key government customers in the healthcare, education, airport, railways and metro infrastructure sectors, including to Maha Mumbai Metro Operation Corporation and Education Department, Brihanmumbai Municipal Corporation. It has also built expertise in catering to the healthcare, education, airport, railways and metro infrastructure sectors, due to its extensive experience, understanding the unique requirements and challenges in such sectors. 

Business area of the company

The company is among the league of fastest growing integrated facility management companies in India. Its range of service offerings include soft services such as housekeeping, sanitation, landscaping and gardening, hard services such as mechanical, electrical and plumbing services, solid, liquid and biomedical waste management, pest control and façade cleaning and other services such as production support, warehouse management and airport management services (including multi-level parking and airport traffic management). It also provides staffing solutions and payroll management to its customers, as well as private security and manned guarding services and catering services.

Key awards and accreditations

• 2013: Received ISO accreditation for information security management systems.
• 2015: Received ISO accreditation for environment management systems.
• 2015: Received ISO accreditation for quality management systems.
• 2018: Received ISO accreditation for occupational and safety hazard systems.
• 2018: The company was awarded ‘Maharashtracha Lokpriya Brand’ by Arthsanket newspaper.

Major events

• 2000: Incorporation of the company as manufacturers, engineers, importers and exporters of non-ferrous metals etc. as Sea King Enterprises Private Limited.
• 2008: Started providing facility management services in the healthcare sector.
• 2008: Incorporated Subsidiary, Flame Facilities Private Limited.
• 2009: Channelised the focus of business by engaging itself in the service sector as its main activity of Business and to reflect the activities, the name of the Company changed to Krystal Integrated Services Private Limited.
• 2009: Incorporated Subsidiary, Krystal Gourmet Private Limited.
• 2022: Demerger of ‘Smart City Business’ from the Company into VTSPL as a going concern.
• 2022: Served more than 270 customers across 2240 customer locations.
• 2023: Total revenue of the Company crossed Rs 7000 million from four business verticals, namely integrated facility management services, staffing and payroll management, catering, and private security and manned guarding for the financial year ended March 31, 2023.
• 2023: Adopted Krystal ESOP Plan, 2023.