(b) 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 banknotes 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 Bengaluru. The company manages 2 Presses one at Mysore in Karnataka and the other at Salboni in West Bengal. The present capacity for both the presses is 16 billion note pieces per year on a 2-shift basis.