Krystal Integrated Secures ₹172.5 Million Manpower Order

Nikunj Parikh - Mumbai Bureau Aug 24, 2026 1,450 Views

Krystal Integrated Services Limited has secured a five-year contract worth ₹17.25 crore from The Maharashtra Rajya Sahakari Sangh Maryadit, Pune. Running from September 2026 through August 2031, the agreement entails deploying manpower across Maharashtra districts, strengthening the company's long-term service portfolio in public sector operations.

MUMBAI — Integrated facility management provider Krystal Integrated Services Limited has secured a domestic work order valued at approximately ₹17.25 crore (₹172.5 million) from The Maharashtra Rajya Sahakari Sangh Maryadit, Pune.

The corporate disclosure, filed on August 24, 2026, details a five-year service agreement running from September 1, 2026, to August 31, 2031. Under the contract terms, Krystal Integrated Services will deploy manpower across multiple administrative and regional districts within the state of Maharashtra.

The deal strengthens Krystal's order book in state-level institutional contracts and highlights sustained demand for outsourced facility and workforce operations across public-sector cooperative bodies.

Contract Terms and Corporate Details

According to the official listing disclosure made to the National Stock Exchange of India Limited (NSE) and BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the work order was awarded in the ordinary course of business.

Awarding Entity: The Maharashtra Rajya Sahakari Sangh Maryadit, Pune.
Contract Value: Approximately ₹17.25 crore (excluding applicable taxes).
Execution Period: 5 years (September 01, 2026, to August 31, 2031).
Service Scope: Deployment and management of professional manpower across administrative districts in Maharashtra.
Governance Disclosures: The company confirmed that no promoter, promoter group, or related group companies hold any financial interest in the awarding entity, and the transaction does not constitute a related party agreement.

Market Positioning and Operational Context

Krystal Integrated Services Limited provides integrated facilities management, staffing solutions, security, and specialized operational support across public and private sectors in India.

The strategic order expands the company's long-term service visibility through 2031. Securing multi-year agreements with state co-operative institutions provides predictable revenue streams while allowing the business to optimize operational density across regional hubs in Maharashtra.

Following the announcement submitted by Company Secretary and Compliance Officer Manishkumar Sangani, the market regulator and stock exchanges posted the disclosure to public records.

Official Sources

According to official disclosures filed with market authorities:

Regulatory Filings: Regulatory submission KISL/CS/SE/48/2026-27 issued under Regulation 30 of the SEBI Listing Regulations.
Market Exchanges: Corporate notifications published on the National Stock Exchange of India Limited (NSE) and BSE Limited
Company Portal: Official updates hosted on the [suspicious link removed].

Official Statements

"According to officials in the corporate filing, the contract was awarded by The Maharashtra Rajya Sahakari Sangh Maryadit in the ordinary course of business for an approximate value of Rs 17.25 Crore excluding applicable taxes, covering a execution period of five years starting September 01, 2026."

Why It Matters

The five-year mandate provides long-term revenue predictability for Krystal Integrated Services while demonstrating continued public-sector reliance on specialized manpower providers. For investors, multi-year government and co-operative contracts offer steady cash flows and insulate business operations against short-term economic volatility.

Key Facts at a Glance

Contract Value: ₹17.25 Crore (₹172.5 Million) excluding taxes.
Client: The Maharashtra Rajya Sahakari Sangh Maryadit, Pune.
Tenure: 5 Years (September 1, 2026 – August 31, 2031).
Scope: Manpower distribution across Maharashtra districts.
Regulator Notice: Filed under SEBI LODR Regulation 30.

Frequently Asked Questions

What is the total value of the contract received by Krystal Integrated Services?

The total contract value is approximately ₹17.25 crore (₹172.5 million), excluding applicable taxes.

Who awarded the work order to Krystal Integrated Services?

The work order was awarded by The Maharashtra Rajya Sahakari Sangh Maryadit, located in Pune, Maharashtra.

What is the duration of the manpower service contract?

The agreement spans five years, commencing on September 01, 2026, and concluding on August 31, 2031.

Is this a related party transaction for Krystal Integrated Services?

No, the company confirmed in its regulatory filings that the promoter or promoter group has no interest in the awarding entity and the transaction is not a related party deal.