Krystal Integrated Services Limited is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration, airports, railways and metro infrastructure, and retail sectors.
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. The company also provide staffing solutions and payroll management to customers, as well as private security and manned guarding services and catering services.
We provide services to key government customers in the healthcare, education, airport, railways and metro infrastructure sectors, including Maha Mumbai Metro Operation Corporation Limited and Education Department, Brihanmumbai Municipal Corporation.
As of September 30, 2023, they have provided their services to 135 hospitals and medical colleges, 228 schools and colleges, one airport, four railway stations and 30 metro stations, along with catering services on certain trains/ train routes.
They serves 309 customers across 2,160 customer locations, with a workforce of 39,900 employee personnel, as of 30th Sep’23, having 21 branch offices and two warehouses located in 16 states and two union territories in India. Apart from this they also have a training center in Vashi to train security guards, house keepers and facility attendants employed by company, as well as area managers and supervisors.
In Fiscal 2023, the outsourced integrated facility management market in India was estimated to be worth ₹ 980.8 billion growing at a CAGR of 14.6% between FY23 - 28, with a potential market size of ₹ 1,935.88 billion. Public administration, industrial, commercial offices, healthcare, educational institutions, railways and metro, and airports are the top end user segments.
Rapid urbanization, growth in tourism and service sectors are driving the demand for commercial spaces in India. Increasing high-rise buildings and shared spaces are the current trends in the commercial office segment and these are expected to drive the demand for facility management services in this segment.
The staffing and payroll management services market size in Fiscal 2023 is estimated at ₹ 729 billion. Investments in end user industries such as IT/ITeS, banking, manufacturing, retail, telecom etc. and the increase in outsourcing from the government sector drive at a CAGR of 20.1% from FY23 - 28 and reach ₹1823.05 billion. The private security and manned guarding services market in India is valued at ₹1,500 billion in Fiscal 2023 and is expected to grow at a CAGR of 20.0% from FY23 - 28 reaching ₹ 3,740.26 billion.
Risk:-
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
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