Bank Note Paper Mill India Private Limited (BNPMIPL) 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.
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 the 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 banknote paper and all allied activities.