Headquarters India | Founded 2006 | |
Security Printing and Minting Corporation of India Limited (SPMCIL) is an Indian government-owned corporation that engages in the production of bank notes, coins, non–judicial stamps, postage stamps, and other government related documents for India. The company was formed in 2006 as the result of corporatisation of security presses and mints functioning under the Indian Ministry of Finance. It contains nine units, four mints, and a paper mill.
Contents
Presses
SPMCIL comprises four presses: Currency Note Press (CNP)Nashik, Bank Note Press (BNP) Dewas, India Security Press Nashik, and Security Printing Press Hyderabad. CNP was established in 1928 as the first printing press for bank notes in India. Both CNP, located in Nashik, Maharashtra, and BNP, located in Dewas, Madhya Pradesh, print the Indian currency notes. They are currently responsible for the printing of the new 500 rupee notes following the demonetisation of the old 500 rupee and 1000 rupee note. Currency is also printed by the two presses of Bharatiya Reserve Bank Note Mudran Private Limited, a wholly owned subsidiary of Reserve Bank of India. They are currently responsible for the printing of the new 2000 rupee notes, and speculations suggest that the printing of the 500 rupee notes will also shift to these presses for better speed and fewer errors. BNP also has an ink factory that produces ink for security printing. India Security Press, located in Nashik, and Security Printing Press, located in Hyderabad, produce travel documents, postage stamps, and other government-related documents.
Mints
SPMCIL comprises four mints: India Government Mint, Mumbai, India Government Mint, Kolkata, India Government Mint, Hyderabad, and India Government Mint, Noida. These mints produce coins, and medals and awards, as required by the Government of India.
Paper mill
Security Paper Mill was established in 1968 at Hoshangabad, Madhya Pradesh. It produces papers for banknotes and non–judicial stamps and further prints with new enhanced unit. Bank note paper mill India private limited prints paper for Indian currency and located in mysore.