Tano Capital Invests $7.4 Million Into India Based Anil Printers Limited

Tuesday March 25 8:00 PM

APL was founded by Ashokka Agarwal, who has been in the printing business for the past 25 years. APL's clients include Reliance Telecom, Reliance Infocomm, Bharti Airtel, Hutch, Idea, BSNL, MTNL, Nu Mobile (Bhutan), State Bank of India, Corporation Bank, UTI Bank, HSBC, HDFC, Canara Bank, Bank of Baroda, Bank of India, Jet Airways and Indian Airlines.

With this investment, APL plans to manufacture smart cards and RFID labels in technical collaboration with Muhlbauer High Tech International of Germany. APL has identified opportunities for the application of smart cards and RFID technology in several areas, including driver's licenses and national identification/security card systems such as the R.C. Book Multipurpose National Identification Card (MNIC) project.

Charles "Chuck" Johnson, Tano Capital's Founder and Managing General Partner, said, "We are particularly excited about the strength and depth of Anil Printers management team. They have demonstrated their ability to continually adapt and reshape their core businesses in rapidly changing business environments in both up and down markets. Their impressive list of top notch clients is a solid testament to the quality of the products that they produce."

Tano Capital, LLC is an alternative asset management firm founded in 2003 by Charles E. Johnson (formerly Co-President of Franklin Templeton Investments and CEO of Templeton Worldwide) to make private equity investments into rapidly growing private companies in India and China. Tano Capital currently has offices in Shanghai, Tianjin, Taipei, Mauritius, Mumbai, Viet Nam and San Mateo, California. For more information, please visit our website at www.tanocapital.com.

Contact:

Tano Capital LLC
Candace Prokopets, 650-292-7831
cprokopets@tanocapital.com

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