Bharatiya Reserve Bank Note Mudran Private Limited
Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is one of the wholly owned subsidiaries of the Reserve bank of India (RBI), others being DICGC, NABARD and NHB. It was established on 3rd February 1995 with a view to produce bank notes in India and enable RBI to bridge the gap between the supply and demand for bank notes in the country. The BRBNMPL has been registered as a Private Limited Company under the Companies Act 1956 with its Registered and Corporate Office situated at Bangalore.
The company manages 2 Presses:
- Mysore in Karnataka
- Salboni in West Bengal
The present capacity for both the presses is 16 billion note pieces per year on a 2-shift basis. Both the presses have installed the latest “state of the art” Technology in bank note printing. The machinery at Mysore Site has been supplied by Switzerland and that of Salboni by Japan.
Vision of the BRBNMPL is “To emerge as a Global Leader in pursuit of excellence providing the best in Design, printing, services and supply of banknotes and other security documents.”
Mission of BRBNMPL:
To produce bank notes conforming to international standards set by Central Banking and monetary authorities of the world and makes them available in adequate quantities to the Reserve Bank of India at competitive prices.
Establishment of Bharatiya Reserve Bank Note Mudran Private Limited:
The bank note printing in India started in 1928 with the establishment of India Security Press at Nashik by Government of India. The second bank note printing press was established in Dewas (Madhya Pradesh) in 1975 by Government of India.
But with the increase in population of the country and economic activity, demand for bank notes increased. So, the Government of India decided to establish two new bank note printing presses.
The project for setting up new printing presses was started by the Government of India which was then transferred to RBI in December 1989. The BRBNMPL was incorporated as a Private Limited Company on 3rd February 1995.
Considering the magnitude of the project, the Company decided to establish the presses in two phases viz, Phase I for establishing a Mini Press with a single production line at each site. The Phase II involved establishment of the Main Presses with 7 lines of production in Mysore and 8 lines of production in Salboni