Currency Note Press, Nasik Road was established in the year 1928 with the objective of printing Currency Notes of denominations as per the requirements and indents placed by Reserve Bank of India from time to time. The Security Printing & Minting Corporation of India Limited (SPMCIL) was formed after corporatization of all nine Mints/Presses/Mill which were earlier working under the Ministry of Finance. SPMCIL was registered on 13.01.2006 with its headquarters at Jawahar Vyapar Bhawan, New Delhi. This is a wholly owned Public Sector Undertaking of Government of India under Ministry of Finance. Security Printing & Minting Corporation of India Limited (SPMCIL), has four Mints, two Bank Note Printing Presses, two Security Printing Presses and one Security Paper Mill. These units were Departmental Organizations under Currency and Coins Division of the Department of Economic Affairs, Ministry of Finance, Govt. of India. These nine units in the country have been transferred to SPMCIL w.e.f.