New Delhi:  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