Bharatiya Reserve Bank Note Mudran Decoded

In Banking Awareness
May 9, 2016

Bharatiya Reserve Bank Note Mudran Private Limited is the one of the subsidiaries of Reserve Bank of India which prints bank notes (Indian rupees) for Reserve Bank of India (RBI). It was established in 1995 to address the demand for bank notes. It has two presses one in Mysore and Salboni. Besides that, Currency Note Press, Nashik and Bank Note Press, Dewas also prints bank note for RBI. The machinery at Mysore Site has been supplied by M/s. De La Rue Giori, now KBA Giori, Switzerland and that of Salboni by M/s. Komori Corporation, Japan.

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.

Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established by Reserve Bank of India (RBI) as its wholly owned subsidiary on 3rd February 1995 with a view to augmenting the production of bank notes in India to enable the 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 Board of Directors headed by a non Executive Chairman nominated by Reserve Bank of India oversees the overall affairs of the Company.
The Managing Director is the whole time Chief Executive of the Company and is also a member of the Board.
The Corporate mission of the Company is 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.

HISTORICAL FACTS

The bank note printing in India started in 1928 with the establishment of India Security Press at Nashik by Government of India. Until the commissioning of Nashik Press the Indian Currency Notes were got printed from Thomas De La Rue Giori of United Kingdom.
The second bank note printing press was established in Dewas (Madhya Pradesh) in 1975 by Government of India.
The New Note Press Project for setting up two new bank note printing presses was initiated by Government of India. However, the project was transferred to Reserve Bank of India(RBI), in December 1989. RBI formed a wholly owned subsidiary Bharatiya Reserve Bank Note Mudran Private Limited to Complete the project and finally manage the affairs of the two presses.
By virtue of the provisions of 43 A of the companies Act, 1956 the Company became a deemed Public Limited Company from 5th March 1997.