Bank Note Paper Mill India Private Limited established on October 13, 2010 by Registrar of Companies, Bangalore under the Companies Act 1956 with its registered and Corporate Office at Bangalore. The Registered and Corporate shifted to Mysore from Bangalore with effect from 1st December 2015.
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).
Overall affairs of the company are managed/governed by the Board of Directors headed by a non-executive Chairman. Day to day management is entrusted to Managing Director, who is a whole time director.
The company at present has put in place a committed project team constituting of a few Senior, Middle and Junior level executives who are solely dedicated for implementation of the project.
The paper mill 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 stabilization is in progress and it is scheduled to commence its commercial production before 31st December, 2015 on line-I and by end February, 2016 – line-II.