Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)

Table of Contents
1. Introduction
2. History
3. Vision
4. Mission
5. Management Board and Facilities
6. Functions and Products
7. Significance and Role in Currency Supply Chain
8. Quality, Security and Environmental Practices
9. Key Dates and Timeline
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Introduction

• Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is one of the solely owned subsidiaries of the Reserve Bank of India (RBI), others being Deposit Insurance and Credit Guarantee Corporation (DICGC), National Bank for Agriculture and Rural Development (NABARD) and National Housing Bank (NHB).
• BRBNMPL was incorporated on 3 February 1995 to manufacture banknotes in India and to help the RBI bridge the gap between demand and supply of banknotes in the country. The company is registered under the Companies Act, 1956 and has its registered and business office in Bengaluru, Karnataka.

History

• Banknote printing in India began in 1928 with the establishment of the India Security Press, Nasik, organised by the Government of India. Prior to that, Indian currency notes were printed abroad by firms such as Thomas De La Rue Giori of the United Kingdom.
• A second government-owned banknote printing press was commissioned at Dewas (Madhya Pradesh) in 1975.
• With rising population and economic activity, demand for banknotes increased. To improve domestic capacity, the Government of India decided to establish two additional banknote printing presses at Mysuru (Karnataka) and Salboni (West Bengal), which later formed part of BRBNMPL's operations.
• Under the provisions of section 43A of the Companies Act, 1956, the company became a deemed public limited company from 5 March 1997. Following amendments to the Act, the company reverted to a private limited company with effect from 24 February 2002.

Vision

Vision of BRBNMPL: "To arise as a Global Frontrunner in pursuit of excellence providing the best in Design, printing, services & supply of banknotes & other security documents."

Mission

Mission of BRBNMPL: BRBNMPL serves the domestic and international market by designing, printing and supplying banknotes and other security documents to central banks and monetary authorities. The company aims to use state-of-the-art technology and world-class practices in people and process management, and to deploy consistent systems for product security and confidentiality. BRBNMPL seeks to maximise economy, efficiency and effectiveness to the satisfaction of all stakeholders while demonstrating corporate social responsibility and environmental concern.

The combined prevailing capacity of BRBNMPL's presses is 16 billion note pieces per year on a two-shift basis.

Management Board and Facilities

Both printing facilities of BRBNMPL are equipped with modern, state-of-the-art technology and comprehensive security surveillance systems to ensure production integrity and confidentiality. The principal suppliers of major printing machinery are listed below.

1. Mysore branch - major machinery supplied by M/s. De La Rue Giori (now KBA Giori), Switzerland.
2. Salboni branch - major machinery supplied by M/s. Komori Corporation, Japan.

Functions and Products

• Manufacture and supply of circulating banknotes to meet the requirements of the RBI.
• Design, printing and supply of other security documents such as stamp papers, cheques, and confidential stationery as required by authorised customers.
• Maintenance of high standards of security and quality control throughout the manufacturing process, including secure storage and transportation arrangements as per statutory and contractual obligations.
• Adoption of modern printing technologies and anti-counterfeiting features to improve the security characteristics of banknotes and other security documents.

Significance and Role in Currency Supply Chain

• BRBNMPL strengthens domestic capacity for banknote production, reducing dependence on foreign printers for currency notes.
• By maintaining large-scale, secure manufacturing facilities, the company supports the RBI's objective of ensuring timely and adequate supply of banknotes to the economy.
• The company's technical and operational competencies also enable it to serve other central banks and monetary authorities, contributing to India's role in the global security-printing market.

Quality, Security and Environmental Practices

• BRBNMPL implements strict quality control procedures at every stage of printing to ensure durability and conformity with RBI specifications.
• Security measures include restricted access areas, surveillance systems, secure inventory controls and confidentiality protocols to protect design and production information.
• The company reports adherence to environmental and safety norms, and pursues initiatives to reduce waste and improve resource efficiency in its manufacturing operations.

Key Dates and Timeline

• 1928 - Banknote printing began at India Security Press, Nasik.
• 1975 - Second government banknote press established at Dewas.
• 3 February 1995 - Incorporation of BRBNMPL.
• 5 March 1997 - Became a deemed public limited company under section 43A.
• 24 February 2002 - Converted to a private limited company following amendments to the Companies Act.

BRBNMPL is a specialised organisation formed to support the national currency production requirements by providing secure, large-scale banknote printing and related security-document services. Its two modern presses, strategic suppliers and stated mission and vision position it as a key entity in India's currency circulation framework and in international security-printing markets.