SPMCIL deeply values Research and Development endeavors and is committed to constantly innovate and develop solutions & processes that advance its growth.

In accordance with Department of Public Enterprises (DPE) guidelines, SPMCIL has a thorough R&D Policy enabling it to have a framework under which R & D activities are carried out at its nine units – Paper Mills/Currency & Security Presses /Mints.

SPMCIL delves into sovereign functions of Currency printing and security ink production; Security printing; Banknote Paper production and Coin (circulating and commemorative) and medal production.

The SPMCIL R&D division research efforts are focused in areas of importance to SPMCIL sovereign functions. Taking into account the niche nature of business verticals and specialized requirements, the R & D Structure within in SPMCIL has following view-

• A Corporate R&D Centre at Nasik is Presently being headed by:
  Shri Shashibhusan Behera,
  Chief General Manager,
  Corporate R & D Centre
  Jail Road, Nasik- 422101
  Maharashtra
  E-mail:gmrandd@spmcil.com
  Tel: 00-91-253-2451772/ Fax: 00-91-253-2453580
• Banknote Paper/Security Paper R&D Centre at Security Paper Mill, Hoshangabad
• Mint R&D Centre at India Govt. Mint (IGM), Hyderabad
• Six R&D Application Centers at each of the 6 other plants- (IGM-Mumbai/Noida/Kolkata; Security Printing Press (SPP), Hyderabad; India Security Press, Nashik; Bank Note Press, Dewas)

SPMCIL is in long term collaboration and MOU with various esteemed National institution/labs like Indraprastha Institute of Information Technology (IIIT) Delhi; Central Pulp& Paper Research institute (CPPRI), Saharanpur; National Chemical Laboratory (NCL),Pune; Foundation for Innovation and Technology Transfer (FITT)- Indian Institute of Technology, Delhi, CSIR -Central Electrochemical Research Institute(CECRI), Karaikudi, Tamil Nadu and CSIR- National Physical Laboratory (NPL), Delhi to carry out R &D in following domains-

• Banknote paper Technologies
• Security Ink Technologies
• Innovations of banknote and Security products designs
• Printing Technologies
• Minting Technologies and Material Science.