Bank Note Paper Mill India Private Limited has been incorporated and registered on October 13, 2010 by Registrar of Companies, Bangalore under the Companies Act 1956 with its registered and Corporate Office as under:
Administrative Office Building, Entry Gate.1, Paper Mill Compound, Note Mudran Nagar, Mysuru 570 003, Karnataka, India. Tel: 91 821 2401 111; Fax: 91 821 2581 154
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This company is a Joint Venture between Security Printing & Minting Corporation of India Limited (SPMCIL - A wholly owned Public Sector Undertaking of Government of India under Ministry of Finance) and Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL - A wholly owned subsidiary of Reserve Bank of India (RBI) is engaged in production of Bank note papers with a capacity of 12000 TPA in Mysuru, Karnataka.
While the company is governed by the Board of Directors headed by a non-executive Chairman, the executive functions including day to day are discharged by the Managing Director, who is a whole time director.
The paper mill has commenced its production with effect from 9th November, 2015-having installed 2 production lines with an installed capacity of 12000 MT per year. Currently, the production is stabilised and has commenced its commercial production from April, 2016 on line-1 and July,2016 on line-II.