India Government Mint, Hyderabad, a unit of Security Printing And Minting Corporation Of India Limited (Wholly owned by Government of India) is one of the four Mints to discharge the sovereign function of Government of India in manufacturing of coins and supply to Reserve Bank of India for the purpose of circulation. It is presently situated at IDA Phase-II, Cherlapally, 20 km from Secunderabad railway station, and 48 km from the Hyderabad airport.
Consequent on the Federal Financial Integration in 1950, the erstwhile Nizam’s Mint at Hyderabad was taken over by the Government of India. The history of the Nizam’s Mint can be traced back to 1803, when the official Mint was established under Nawab Sikinder Jah, the third Nizam. Later on the Mint was constructed on 13th July 1903 at Saifabad and the present Mint at Cherlapally was started on 20th, August1997 with modern machinery to produce 700 Million pieces of coins and 950 Million pieces of blanks to meet the growing demand.
This Unit has been engaged since then in the manufacture of coins of different denominations which involves different processes such as melting, rolling, blanking, annealing, pickling & polishing and stamping etc. While successfully discharging it’s sovereign function, the Mint is presently manufacturing coins in Rs.5/-, Rs.2/-, Re.1/- and 50 paise and efforts are on to mint Rs.10/- which is a Bi-Metallic Coin going to be circulated in India. For this trails are in progress. The machinery for such sophisticated and security processing supplied by the World leaders like M/s Schuler, Germany (Coining Presses and Blanking Lines), M/s BAK, and Germany (Annealing Furnaces), M/s Mecon. India (Rolling Mill), M/s Mino, Italy (Strip Milling M/c), M/s Wertly, Switzerland (Continuous casting furnace).
The campus is spread over an area of 80 acres of land. Apart from the high security-minting complex, it has residential complex for essential staff (nearly 100 quarters) with well-supported infrastructure. The factory and colony is nearly self-dependant for all its basic needs.
The Mint is one of the prestigious organizations in twin cities of Hyderabad and Secunderabad. This gigantic task was successfully completed under the supervision of the Central Public Works Department and the consultancy from MECON. Central Industrial Security Force is providing the security to the plant.
The unit has a battery of experienced, skilled and trained manpower totaling around 800 in production, control and maintenance areas to effectively and efficiently discharge the responsibilities assigned by the Government. A large number of the personnel had received requisite training at the time of starting of the mint and constantly the skills of the employees are updated by providing suitable training whenever the new machinery is added to the unit. This unit can boast of having a dedicated team of officers, staff and workmen who brought laurels to the organization by standing ahead of all the Mints in fulfilling the targets set for the Mint.
During its past 100 eventful years (centenary) of its existence, Mint has crossed many milestones and has earned the reputation as a reliable and potential Mint in meeting the requirement and demand of Reserve Bank of India all the time.