Bank Note Paper Mill India Private Limited (BNPMIPL) (www.bnpmindia.com) is a 50:50 Joint Venture Company promoted by Security Printing and Minting Corporation of India Ltd. (SPMCIL), New Delhi (www.spmcil.com) and Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), Bangalore (www.brbnmpl.co.in).
The Company was incorporated and registered on October 13, 2010 by Registrar of Companies, Bangalore under the Companies Act, 1956. The Registered and Corporate Office is in Mysuru, Karnataka.
The Company is engaged in production of Bank Note Papers and has its manufacturing facility set up in Mysuru, Karnataka with a total capacity of 12,000 MT per annum.
The Company is governed by the Board of Directors headed by a Non-Executive Chairman while the executive functions are discharged by the Managing Director, who is a whole-time Director.
The main objective of the Company is to carry on the business of developing, designing, manufacturing, producing, and supplying in India and abroad of currency paper and bank note paper and all allied activities.
This is a Continuous Process Industry and the product is unique of its kind having fiduciary value more than its intrinsic worth. The Company has started its commercial production in April 2016.
BNPMIPL has achieved the rare feat of producing the top-class bank note paper within the short period of commencing the production.
The Corporate mission of the Company is to manufacture top-quality bank note papers to meet the needs of all the four printing presses in India and achieve backward integration in the long run to improve efficiency and reduce costs.
The Company strives to achieve the above mission through its greatest asset, its people.