History
Overview
With only one letter press machine, a handful of 15 employees and just one client – Syndicate Bank – the Security Printers Of India Pvt. Ltd. has grown by leaps and bounds over these seven decades, since the 1941. Under the supportive leadership of Mr Mohandas Pai combined with the dedicated headship of Mr Satish Pai, Security Printers Of India Pvt. Ltd. (back then) quickly evolved from being a back office for Syndicate Bank to a service provider to all the banks in the country. And by 1955, a Security Production Division was established which became the first RBI approved security facility in India in 1984 for its compliant backdrop.
Then, a Business Stationery Division in 1988 to assist the clients’ requirements was set up. Subsequently, the nineties were mostly about expanding the production capabilities to newer industry segments like Government, Corporate Companies, etc. and, basically, chalking a pan India presence.
Come 1997, Mr. Gautham Pai took over the operations at Security Printers Of India Pvt. Ltd., just when the global markets looked promising with their newly opened up avenues. Adapting to the changing times, the security facility got IBA approval in 2000. Young dynamism of Gautham with the adoption of global technologies resulted in the charting of newer business ventures. Like establishment of a Transactional Production Division in 2003, Card Division in 2004 for the production of secure paper cards for the Telecom Industry. Then Security Printers Of India Pvt. Ltd. Digital Systems in 2007, catering to the digital space and commercial print space.
Going bullish on their expansion, Security Printers Of India Pvt. Ltd. made substantial investments in 2008-09 with the setting up of a new Packaging division, a new Commercial Production facility and MCT Cards and Technology Ltd – the largest secure card production facility in India. Starting 2008, Security Printers Of India Pvt. Ltd. focussed its competencies in bringing forth objective industry solutions and products catering the evolving needs of certain defined business verticals.
It’s no wonder that Security Printers Of India Pvt. Ltd. has left its footprints of success across diverse industries, carving an indelible niche for itself and making history in the process.
