Khattar Holdings Private Limited invests in Nanotech Company, NAND ipl
-- NAND ipl, headquartered in Gurgaon and with R&D and Manufacturing Facility in Himachal Pradesh, has developed advanced technology and know-how in the area of making nano-materials and using nano-materials to make structured particles at commercial scales. It has started marketing and sale of two products based on this technology, Polymerized Toner which is used in the latest color laser printers and photocopiers, and Eco-Neev, a Diesel and Furnace Oil Fuel Additive (catalyst) which delivers significant fuel saving benefits and reduced emissions.
After completing the formalities of the transaction, Mr Sat Pal Khattar, Chairman of Khattar Holdings, commented "We are pleased to invest in this upcoming nanotechnology driven company which we believe has tremendous growth potential. Our due diligence on NAND ipl's science and technology confirmed the potential of this technology not only for the currently commercialized products but also for several high margin and novel products including nano-pharmaceuticals." Dr Abhinava Srivastava, Founder and MD of NAND ipl, said "the investment from Khattar Holdings is very timely and will allow us to fully realize our potential and vision. We are especially pleased by the endorsement of NAND ipl's science and technology by Dr Prakash Patel, a PhD chemical engineer from Princeton University with several years' of experience in development of new technology. To his credit he has several patents and publications.. Dr Patel will invest jointly with Khattar Holdings in NAND ipl. We also hope to benefit from Mr Khattar's guidance as we grow the company and, as planned, go for IPO in 3 to 4 years' time.
Credence Advisors, a Delhi based advisory firm, was the sole advisor in this transaction.
Notes to Editor
All things small are termed Nano these days. However, nanotechnology is defined as the formation of and/or engineering with particles 100nm or lower in size. Smaller size leads to significant increase in the surface area per unit mass of the product. This leads to achieving the desired performance with much lower quantities of material (e.g. NAND's Eco-neev, where only 10 parts per million is required to achieve the effect and as a result can be added directly to the fuel) and/or an improvement in the desired performance (e.g. pigment color is enhanced the lower the particle size). Furthermore, NAND has also developed technology and know-how in the area of making structured particles using base nano-materials (e.g. Polymerised toner,PT). Although nanotechnology is utilized in many diverse fields, NAND is focused on utilizing nanotechnology in the specialty chemicals (currently) and pharmaceutical (in future) space.
The objective of NAND is to move nanomaterials into products and the commercial arena. We plan to achieve the goal by following two paths: 1) through internal programs of developing enabling technology platforms that can be applied to multiple nanotechnology products; and 2) through collaboration with research organizations to find materials, processes, and applications. NAND has the technology and know-how in the following areas:-
a) formation of nano-sized specialty chemical materials
b) utilizing nano-materials to make structured particle products
c) scale-up, manufacturing and commercialization of these processes and products.
Two founders of NAND have over 35 years of combined experience with major international chemical and pharmaceutical companies in senior technical and management positions in commercializing specialty chemical products. Another founder served senior management position with a major US bank.
Through its state of the art R&D and manufacturing unit in Una, Himachal Pradesh, India, NAND has created a business that commercializes and produces high quality and high value nanoproducts at low cost. This gives NAND tremendous competitive advantage. It currently has two commercialized products - PT(Chemical Toner) and Eco-neevTM(Fuel catalyst for Diesel and Furnace Oil). Through the development of PT, NAND also developed the manufacturing processes for nano specialty polymers, nano pigments and nano wax - all base materials for PT. NAND' enabling nanotechnology platform can be used to commercialize many other nano pharmaceutical and specialty chemical products. The technologies and know-how are being well protected through strong IP strategy. The management team is strong with its wealth of experience in Finance, Marketing and Technical areas gained through reaching senior positions at world leading companies. Key technical and managerial staff have been meticulously selected and recruited for the long-term success of the company
