About Company

• The Company was incorporated as ‘Sea King Enterprises Pvt. Ltd’ at Mumbai in 2000. Subsequently the name was changed to “Krystal Integrated Services Ltd” in 2023.  Krystal Integrated Services (“Krystal”) 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.
• The company operates on a B2B model, with a wide portfolio of services delivering customized solutions to government as well as non-government companies. The company’s 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).
• Krystal is a key solutions provider to the government sector and has a track record of executing large contracts and are among select companies in India to qualify for and service large, multi-location government projects.
• As of September 30, 2023, they provided services to 135 hospitals and medical colleges, 228 schools and colleges (other than medical colleges), one airport, four railway stations and 30 metro stations, along with catering services on certain trains/ train routes.
• The company has a wide geographic presence serving 309 customers across 2,160 customer locations. As of September 30, 2023, they had 21 branch offices and two warehouses located in 16 states and two union territories in India.
• Krystal has long-standing relationships with its key customers. Four of the top 10 customers, based on revenue generated in Fiscal 2023, have been associated with them for longer than 10 years. 

• The company’s revenue from operations grew at a CAGR of 22.54% to ? 707.64 Crore in Fiscal 2023 from ? 471.29 Crore in Fiscal 2021. The PAT grew at a CAGR of 34.56% to ? 38.44 Crore from ? 16.82 Crore during the same period. The ROE improved from 13.18% in Fiscal 2021 to 23.18% in Fiscal 2023. For 6 Months ended September 30th, 2023, the company reported Revenue from operations of ? 451.61 Crore, EBITDA of ? 31.00 Crore, and PAT of ? 20.59 Crore and ROE of 11.71%.

Strengths

Competitive Strength 

• Comprehensive range of service offerings providing one-stop solution to customers;
• Focused business model which is well-positioned to capture favourable industry dynamics;
• Longstanding relationship with customers across diverse sectors, with recurring business;
• Wide geographic presence with large and efficient workforce, coupled with strong recruitment and training capabilities;
• Historical track-record of strong financial performance, with a scalable, agile and efficient business model;
• Track record of high quality and efficient service delivery.

 Business Strategies 

• Retain, strengthen, and grow customer base;
• Strengthen operations across sectors by capitalizing on growing industry opportunities and adopting a sector wise focus;
• Capitalise and build upon human resource strength, including recruiting and training capabilities;
• Focus on operational efficiency;
• Continue to improve the profits and operating margins.

Company Promoters

Company Financials

Krystal Integrated Services Limited's revenue increased by 28.13% and profit after tax (PAT) rose by 46.89% between the financial year ending with March 31, 2023 and March 31, 2022.

Objects of the Issue

1. Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
2. Funding working capital requirements of the Company;
3. Funding capital expenditure for the purchase of new machinery; and
4. General corporate purposes