Acquiring Company
Krystal Integrated Services Limited
Acquired Company
Citelum India Private Limited
MumbaiIndiaFacility ManagementFacilities Support ServicesSmart CitiesDescription
Krystal Integrated Services has acquired a 100% stake in Citelum India, turning it into a wholly owned subsidiary. The acquisition, announced on August 12, 2026, aims to enhance Krystal's capabilities in city lighting and urban infrastructure. The firm targets annual revenue of ₹300–350 crore from this new vertical by investing approximately ₹100 crores over the next few years.
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Based on deal dataFrequently asked
Who acquired Citelum India Private Limited?
Citelum India Private Limited was acquired by Krystal Integrated Services Limited, based in Mumbai. The deal was reported on August 12, 2026. Krystal Integrated Services Limited is a leading facility management services provider in India, showcasing its ability to deliver large-scale, complex service offerings to prominent clients like the BMC. Krystal Integrated Services Limited is privately held and operates in Facility Management.
When did Krystal Integrated Services Limited acquire Citelum India Private Limited?
Krystal Integrated Services Limited's acquisition of Citelum India Private Limited was reported on August 12, 2026. Krystal Integrated Services has acquired a 100% stake in Citelum India, turning it into a wholly owned subsidiary. The acquisition, announced on August 12, 2026, aims to enhance Krystal's capabilities in city lighting and urban infrastructure. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Citelum India Private Limited do?
Citelum India is a specialist in municipal infrastructure, particularly in smart cities and urban segments. It is privately held, operating in Smart Cities, and is based in India.