Krystal Integrated Services Secures Rs 275 Crore Vasai Virar Solid Waste Management Contracts

Krystal Integrated Services Limited has received three solid waste management contracts worth Rs. 275 crore from Vasai Virar City Municipal Corporation, strengthening its public sector order book. The mandates cover door-to-door collection, segregation, street sweeping and transport of municipal waste in Prabhag C, Prabhag F and Prabhag G, under Solid Waste Management Rules 2016.

The corporation issued work orders for all three zones on January 12, 2026, with contract documents dated January 09, 2026. These agreements run for five years, providing Krystal Integrated Services with long-term revenue visibility from municipal solid waste operations in the Vasai Virar region.

The total Vasai Virar mandate is split across three prabhags with separate work orders and values. Prabhag C, under Work Order No. V.V.S.M.GN/1985/2026, is estimated at Rs. 83 crore. Prabhag F, with Work Order No. V.V.S.M.GN/1986/2026, is valued at Rs. 111 crore. Prabhag G, covered by Work Order No. V.V.S.M.GN/1987/2026, carries an estimated value of Rs. 81 crore.

The scope in these Vasai Virar contracts spans household-level waste collection, primary segregation and onward transport to designated sites. It also includes street cleaning responsibilities within the respective prabhags. The framework follows Solid Waste Management Rules 2016, which set standards for handling, movement and disposal of municipal solid waste across Indian urban bodies.

Beyond solid waste management, Krystal Integrated Services has also secured large facility management services orders from state authorities. On September 16, 2025, the Director of Medical Education in Vijayawada, Andhra Pradesh, awarded the company Package-I for sanitation and housekeeping. The contract, worth about Rs. 168 crore, covers hospitals and institutions under the Director of Medical Education for three years.

Krystal Integrated Services expanded its facility management services footprint further in Maharashtra social sector institutions during September 2025. The Commissionerate of Social Welfare in Pune granted the company a five-year contract of Rs. 370 crore. The scope includes mechanised cleaning and outsourced labour at hostels, residential schools, old age homes, training centres and administrative offices serving disadvantaged groups, elderly persons and students.

Krystal Integrated Services financial performance and diversification

Financial results for Krystal Integrated Services in FY25, which ended on March 31, 2025, show strong growth momentum. Net profit increased 28% to Rs. 63 crore, up from Rs. 49 crore in FY24. Revenue rose 18.67% to Rs. 1213 crore, compared with Rs. 1022 crore reported in the year ended March 2024.

Performance stayed robust into the first quarter of FY26, supported by facility management services and waste management contracts. For the quarter, the company reported net profit of Rs. 16.43 crore. Revenue from operations reached Rs. 323 crore, representing year-on-year growth of 25.6% against the same period of the previous financial year.

Period	Revenue (Rs. crore)	Net profit (Rs. crore)
FY24	1022	49
FY25	1213	63
Q1 FY26	323	16.43

Krystal Integrated Services facility management services and new subsidiaries

Krystal Integrated Services has also diversified into infrastructure-linked activities through new subsidiaries. Krystal Ports and Harbour Private Ltd has been formed to develop, operate and maintain inland waterways, ports, harbours, jetties, docks and canals. Krystal Water Resources Private Ltd will handle planning, design, construction and operation of water supply, irrigation, desalination and treatment projects, including wastewater and sewage treatment plants.

The company, founded in 2000 and based in Mumbai, Maharashtra, has built a broad facility management services portfolio. Krystal Integrated Services works with clients across retail, government administration, healthcare, education and transport infrastructure. The latest municipal solid waste management and institutional housekeeping contracts further extend this presence across healthcare, welfare and urban local body segments.