India, Aug. 12 -- Krystal Integrated Services Ltd has acquired a 100% stake in Citelum India Pvt Ltd from its existing shareholders, including France-based Citelum S.A.S., marking the company's entry into the city lighting and urban infrastructure segment.
Krystal aims to generate annual revenue of Rs 300–350 crore from the new business over the next 3–4 years. The company plans to invest around Rs 100 crore in engineering capabilities, technology platforms and business expansion, with operations targeted across 30–40 cities in 12–15 states.
The infrastructure services vertical is expected to contribute around 12–15% of Krystal's consolidated revenue. The company plans to leverage Citelum India's expertise in...