The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is an organization under the Coin and Currency Division of Department of Economic Affairs, Ministry of Finance.

[5] The corporation was incorporated by taking over two security presses at Nashik and Hyderabad, two currency note presses at Dewas and Nashik, four mints at Mumbai, Kolkata, Hyderabad and Noida and one security paper mill at Narmadapuram which were working under the direct administrative control of the Ministry of Finance and the Department of Economic Affairs.

The commission also recommended the government to explore the feasibility of the Department of Posts taking over the Security Printing Press at Hyderabad.

The Commission further recommended for the two currency note presses at Dewas and Nashik to be transferred to the control of Bharatiya Reserve Bank Note Mundran Private Limited, setting up of a new security paper mill by the Reserve Bank of India (RBI) and phasing out or privatization of Security Paper Mill, Narmadapuram.

Industrial Finance Corporation of India (IFCI) Limited was appointed as a consultant to study the working of the nine units and present a feasibility report for their corporatization.

The Human Resource Department handles administration, establishment, legal, official language, training, personnel, and industrial relations.

The two units are engaged in the production of banknotes for India as well as a few foreign countries including Iraq, Nepal, Sri Lanka, Myanmar and Bhutan.

[3] SPMCIL comprises four units of India Government Mint located in the cities of Mumbai, Kolkata, Hyderabad, and Noida.