Security Printing and Minting Corporation of India

Security Printing and Minting Corporation of India Ltd
Company typeStatutory Body
Industry
Founded10 February 2006 (10 February 2006)
HeadquartersJawahar Vyapar Bhawan, Janpath, New Delhi
Area served
India
Key people
[1]
CMD
ProductsCurrency Notes
Bank Notes
Non-Judicial Stamp Papers
Security Products
Circulation & Commemorative Coins
Security Ink
RevenueIncrease 4,712.57 crore (US$590 million) (2021)[2]
Increase 789.74 crore (US$99 million) (2021)[2]
Increase 423.81 crore (US$53 million) (2021)
Total assetsIncrease 7,828.19 crore (US$980 million) (2021)[2]
OwnerMinistry of Finance, Government of India
Number of employees
7,234 (2021)
SubsidiariesBank Note Paper Mill India
Websitespmcil.com

The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is a company under the Department of Economic Affairs, which is a department under the Ministry of Finance. It is responsible for conducting printing and minting activities of the Government of India. It is under the ownership of the Ministry of Finance, Government of India. It was incorporated on 13 January 2006 with its registered office at New Delhi.[3] It is engaged in the manufacture / production of currency and banknotes, security paper, non-judicial stamp papers, postage stamps and stationery, travel document viz., passport and visa, security certificates, cheques, bonds, warrants, special certificates with security features, security inks, circulation and commemorative coins, medallions, refining of gold, silver and assay of precious metals, etc.[4]

The corporation was formed in 2006 as the result of nationalisation of security presses and mints functioning under the Ministry of Finance. It contains nine units, four mints, four presses and a paper mill.[5]

  1. ^ "Board of Directors – SPMCIL". Archived from the original on 13 February 2020. Retrieved 10 February 2020.
  2. ^ a b c "SPMCIL Annual Financial Statement Results 2019" (PDF). Archived (PDF) from the original on 9 May 2021. Retrieved 10 February 2020.
  3. ^ "SIXTH REPORT: COMMITTEE ON PUBLIC UNDERTAKINGS" (PDF). Archived (PDF) from the original on 12 April 2018. Retrieved 12 April 2018.
  4. ^ "To reduce imports, Security Printing and Minting Corporation of India Ltd, RBI to enhance currency note facility". The Times of India. 12 February 2013. Archived from the original on 15 February 2013. Retrieved 24 May 2014.
  5. ^ "Record Performance of SPMCIL in Production of Bank Notes, Coins and Security Products During 2012–13". Press Information Bureau. 14 May 2013. Archived from the original on 25 May 2014. Retrieved 24 May 2014.

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