Cheque Bureau Centre

What Cheque Bureau Centre does

Cheque Bureau Centre Ltd. (DBA: CBC) is a Bangladesh-based specialized banking solutions provider operating as a sister concern within the Padma Group of Companies, a diversified Khan-family conglomerate with roots in Bangladesh's printing sector since 1958. The company delivers MICR (Magnetic Ink Character Recognition) security cheque printing, encoding, and text personalization services that enable Bangladeshi commercial, Islamic, and agricultural banks to comply with Bangladesh Bank directives on automated clearing house operations. CBC also operates an integrated cheque processing system per Bangladesh Bank rules and produces secure bank cards (VISA, MasterCard, and contactless) for the same client base. Its customer roster of approximately ten anchor banks includes Brac Bank, Southeast Bank, NCC Bank, Dhaka Bank, Standard Bank, South Bangla Agriculture & Commerce Bank, Pubali Bank, Citizens Bank, ICB Islamic Bank, and United Commercial Bank.

The company's technology stack combines proprietary MICR printing infrastructure with three international partnerships: Cypheme for AI-based anti-counterfeiting and product authentication, Future Card for card production technology, and TROY Group for global MICR and secure card issuance systems. CBC delivers document security through a layered architecture spanning personalization, covert inks, digital authentication, and anti-copy features, and extends this capability into adjacent security-printed products including bank security forms, traveller's cheques, share certificates, educational certificates, lottery tickets, aviation tickets, and business forms. The company sells through a direct enterprise B2B field-sales motion targeting bank procurement, IT, and operations executives, with revenue derived from transaction-fee-based cheque and security-printing services and from hardware card sales. Pricing is quote-based and not publicly disclosed.

CBC is privately held with no external institutional capital, and ownership remains within the Khan family controlling the Padma Group. The firm operates from a single Dhaka headquarters at Eunoos Center in Dilkusha with an employee base of 11–50. The March 2025 passing of Chairman and Managing Director Khan Mohd. Ameer — who had been with the family business since 1958 — represents a significant leadership transition for the company and the broader group, with succession arrangements not publicly disclosed in the available material.

Name

Cheque Bureau Centre

Legal name

Cheque Bureau Centre Ltd.

Website

https://cbcl.biz

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

11–50 employees

Short description

Cheque Bureau Centre Ltd. is a Bangladesh-based MICR security printing specialist serving ten commercial banks with cheque encoding, personalization, integrated cheque processing, and bank card production under the Padma Group.

Ownership category

akta.pro rank

Product category

Security Printing Services

SIC

Commercial Printing (2750)

akta.pro primary industry

Cheque & Paper Instrument Clearing (FSABAJAG)

akta.pro secondary industries

Credit Cards & Revolving Credit (FSABAAAC), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI)

Keywords

• MICR cheque printing
• Bank card production
• Document security printing
• Cheque personalization
• Secure printing services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. MICR Cheque Printing Services: Security cheque printing and MICR encoding personalization and numbering services for banks and financial institutions. One-time transaction-based services for cheque production.
2. Bank Card Production: Production and supply of secure bank cards including VISA, MasterCard, and contactless cards to financial institutions
3. Security Printing Materials: Security printing services for various documents including bank security forms, traveller's cheques, share certificates, business forms, lottery tickets, and aviation tickets

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Cheque Bureau Centre Ltd. is a specialized banking solutions provider that produces MICR (Magnetic Ink Character Recognition) encoded cheques, performs text personalization and numbering for banks, and manufactures secure bank cards including VISA, MasterCard, and contactless cards. The company also offers document security solutions utilizing layered protective features across personalization, covert inks, digital, and anti-copy technologies for financial institutions and other organizations.

Product overview

Cheque Bureau Centre Ltd. is a specialized banking solutions provider and MICR (Magnetic Ink Character Recognition) printing company under the Padma Group of Companies. The company operates as a new generation total banking solutions provider, offering a comprehensive suite of security printing products and services. Its core offerings center around MICR security cheque printing, MICR encoding, and text personalization services, complemented by the Integrated Cheque Processing System as per Bangladesh Bank directives. The product portfolio also includes bank cards (VISA, MasterCard, and contactless cards), bank security forms, traveller's cheques, and various other security printing materials including educational certificates, share certificates, business forms, lottery tickets, and aviation tickets. The company leverages next-generation document security solutions utilizing layered protective features in personalization, covert inks, digital, and anti-copy technologies. CBC serves major Bangladeshi banks including Brac Bank, Southeast Bank, NCC Bank, Dhaka Bank, Standard Bank, and others.

Differentiator

Problem solved

Functional benefit

Products and services

• MICR Security Cheque Printing
• MICR Encoding and Text Personalization
• Integrated Cheque Processing System
• Bank Card Production
• Security Printing Materials

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• CyphemecoreTechnology or IntegrationInternational security technology partnership for document security solutions. Cypheme provides anti-counterfeiting technology featuring AI-powered image recognition for product authentication and document verification.
• Future CardcoreTechnology or IntegrationPartnership for card production technology and services, providing secure card issuance solutions for Bangladeshi financial institutions.
• TROY Group, Inc.coreTechnology or IntegrationGlobal security printing and card technology provider. TROY Group specializes in secure printing solutions, MICR technology, and secure card issuance systems for financial institutions worldwide.
• Padma Group of CompaniesflagshipStrategic or Co-development PartnerParent group comprising 12 companies including Padma Printers, Ameertex, Padma Technologies, Eunoos Trade Center, and others. Cheque Bureau Centre operates as a specialized unit within the group serving the banking and financial sector.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Toppan Printing: Toppan Printing is a Japanese global printing and security solutions company with a Secure Printing division producing bank cards, security documents, and anti-counterfeiting solutions. Its security printing portfolio directly parallels CBC's bank card production and layered document security offerings.
• Giesecke+Devrient (G+D): G+D is a German global security technology company specializing in banknotes, payment cards (including EMV and contactless), and secure identity documents. Its Currency Technology and Mobile Security divisions overlap with CBC's MICR cheque printing and VISA/MasterCard/contactless card production capabilities, though at vastly larger global scale.
• Veridos: Veridos is a German-based provider of identity and security printing solutions for governments and financial institutions, producing secure documents, bank cards, and passport systems. Its portfolio of secure document and card production overlaps with CBC's bank card and security document offerings.
• IDEMIA: IDEMIA is a global leader in payment card issuance, EMV/contactless technology, and identity security solutions for financial institutions. Its Financial Institutions division produces bank cards and provides digital security solutions directly comparable to CBC's VISA, MasterCard, and contactless card production services.
• Mühlbauer Group: Mühlbauer is a German company providing secure document and card production systems, including ID cards, payment cards, and passport production equipment for governments and financial institutions. Its card personalization and secure document technology is comparable to CBC's integrated cheque processing and bank card production services.
• Thales Group: Thales (including its former Gemalto digital security business) is a global leader in payment card technology, EMV chips, and digital security solutions for banks. Its Digital Identity and Security division provides secure card issuance and authentication technologies comparable to CBC's bank card and document security offerings.
• Orell Füssli Security Printing: Orell Füssli is a Swiss security printer specializing in banknotes, passports, identity documents, and security printing for central banks and financial institutions. Its security printing and secure document production capabilities position it as a comparable incumbent in CBC's cheque and security document market.
• De La Rue: De La Rue is a UK-based global security printer and commercial banknote producer with a Currency and Identity divisions offering banknotes, identity documents, and security features. It serves central banks and financial institutions worldwide with secure document production, making it a broad incumbent comparable to CBC's security printing and bank card/document business.

Others

• Surys (formerly Hologram Industries): Surys is a French optical security solutions provider specializing in holographic and authentication features for banknotes, identity documents, and secure documents. As a technology enabler for document security features (similar to CBC's Cypheme anti-counterfeiting partnership), it is an adjacent player in the security printing value chain.

Direct peers

• TROY Group, Inc. TROY Group is a global security printing and MICR technology provider that supplies MICR toner, secure printing solutions, and card issuance systems to financial institutions worldwide. It is a direct peer and technology partner of Cheque Bureau Centre, with identical core offering of MICR-encoded cheque production and secure printing infrastructure for banks.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cheque-bureau-centre-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cheque Bureau Centre