Business Times

Strategic alliance between Lake House Printers and Indian printers

By Quintus Perera

A strategic alliance between Lake House Printers and Publishers Plc (LHPPP), a leading security printer in Sri Lanka and Manipal Press Ltd, India’s largest private sector printing company for providing comprehensive Card solutions to the Sri Lankan Banking Sector, launched on Thursday led to several banks, including People’s Bank agreeing to take this facility.

LHPPP partners with MCT Cards and Technologies Pvt Ltd- a unit of Manipal Press Ltd in providing Sri Lankan Banking Sector Card Solutions. The company has been appointed the sole representative by TMG for VISA and MASTER CARDS in Sri Lanka.

T.R.Nagendra Rao, Vice President – Marketing, The Manipal Group and Rajesh Shet, Head Operations, MCT Cards and Technology Pvt Ltd made extensive presentations to a well represented cross-section of the Sri Lankan banking community.

Following these presentations several private discussions ensued with some of the Sri Lankan banking higher-ups to get their banking card requirements done through the LHPPP – TMG Alliance. MCT has the largest plastic cards manufacturing facility and the only company to have multiple facilities for high security Banking and Smart Cards.

Mr Rao said that TMG established in 1941 is now a diversified $750 million conglomerate involved in media and publishing, printing, education, health care, home fragrance, garments and technology.
The Manipal Press has over 68 years’ printing experience to grow this far from the humble beginnings of one client, one letter press machine with only 15 hands.

Mr Shet said that they are well experienced in the banking domain by being India’s largest security printer catering to security printing demands of over 150 banks. He said that they developed more than 50 security features and have them implemented. He said that they are producing over one billion cheques every year and they are India’s largest plastic cards manufacturer and the capacity is over 300,000 cards a day.

He said that they provide the complete gamut of service products like Cards, Master Cards, Smart Cards, Checks, Drafts, Pin-mailers, Welcome Kits and Card and Banking Statements. He said that they have processed over 22 million cards in the last 12 months and are having business continuity and Risk Management trough two facilities in Manipal and Mumbai, both certified by Master Card and VISA. Ranjit Wijewardene, Chairman, LHPPP was also present along with other directors of the local company.

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