The Security Printing Corporation (Bangladesh) Ltd.

What The Security Printing Corporation (Bangladesh) Ltd. does

The Security Printing Corporation (Bangladesh) Ltd. (SPCBL) is a wholly government-owned autonomous corporation established in 2013 under the Ministry of Finance of the Government of the People's Republic of Bangladesh. It is the sole entity authorized to print national currency banknotes and other security documents for the Bangladeshi government. SPCBL produces 100 Taka, 500 Taka, and 1000 Taka denomination banknotes for Bangladesh Bank, the country's central bank, and also supplies security printed documents and certificates to other government ministries and departments.

The corporation's core technology stack centers on security printing processes including UV curing varnish application, intaglio printing, and sheet-fed rotary numbering machine operations. Its head office and production facility are located within the secure Bangladesh Ordnance Factory complex at Shimultoly, Gazipur-1703, while a liaison office operates at the Bangladesh Bank Head Office in Motijheel, Dhaka. SPCBL has a lean workforce of approximately 32 employees, organized around general managers covering banknote production, OSP (other security products), administration and company secretariat, finance and accounts, audit, foreign purchase, security, and engineering functions.

SPCBL operates as a captive government supplier under a sole-source mandate, with no publicly listed status, no private shareholders, and no disclosed revenue or pricing. Orders are placed through formal government procurement processes managed through its internal Innovation Team (constituted 2017), Ethics Committee, and National Integrity Strategy (শুদ্ধাচার কৌশল) framework. The corporation publishes notices, tenders, and publications (including the "Takshal Parikrama" periodical launched Q1 2025) via its official website and a Facebook presence, and partners with the government's a2i (Ashtee) program on digital service transformation. Its governance and operating model reflect a publicly-mandated monopoly rather than a commercial enterprise competing in open markets.

Name

The Security Printing Corporation (Bangladesh) Ltd.

Legal name

The Security Printing Corporation (Bangladesh) Ltd.

Website

https://spcbl.org.bd

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

The Security Printing Corporation (Bangladesh) Ltd. is a wholly government-owned autonomous corporation under Bangladesh's Ministry of Finance, exclusively producing national currency banknotes (100, 500, and 1000 Taka) and security documents for Bangladesh Bank and other government ministries using intaglio and UV security printing technologies.

Ownership category

akta.pro rank

Headquarters

HQ city

Gazipur

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure

Marketing channels2 records

Core offering

The Security Printing Corporation (Bangladesh) Ltd. (SPCBL) is the sole government-owned autonomous corporation in Bangladesh that prints national currency banknotes (including 100 Taka, 500 Taka, and 1000 Taka denominations) for Bangladesh Bank, as well as security-printed stamps, certificates, and other government documents. Production is carried out at its Head Office and Factory located within the Bangladesh Ordnance Factory complex in Gazipur using specialized techniques such as UV curing varnish application, intaglio printing, sheet-fed rotary numbering, and advanced anti-counterfeiting features.

Product overview

The Security Printing Corporation (Bangladesh) Ltd. (SPCBL) is a government-owned security printing corporation that produces currency banknotes (including 100 Taka, 500 Taka, and 1000 Taka denominations) for Bangladesh Bank. The corporation appears to offer security printing products and services, though the specific product portfolio details are not fully accessible from the source material. SPCBL operates under the Government of Bangladesh and maintains a liaison office at the Bangladesh Bank Head Office in Dhaka.

Differentiator

Problem solved

Functional benefit

Products and services

• Banknote Printing (Taka Denominations) Production of Bangladeshi national currency banknotes (100 Taka, 500 Taka, 1000 Taka denominations) with advanced anti-counterfeiting security features for Bangladesh Bank, the central bank of Bangladesh.
• Security Document Printing Production of security-printed stamps, certificates, and other government documents with anti-counterfeiting features for Bangladesh government ministries and departments.

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Bangladesh BankcoreStrategic or Co-development PartnerBangladesh Bank serves as the primary customer and regulatory oversight body for SPCBL, receiving all printed banknotes and providing policy guidance on security printing standards.
• Ministry of Finance, BangladeshcoreStrategic or Co-development PartnerParent ministry overseeing SPCBL operations and providing governance framework.
• National Board of Revenue (NBR)minorOthersInternal Resources Division of Ministry of Finance providing regulatory oversight.
• Bangladesh Ordnance FactoriescoreOthersHost facility providing the manufacturing compound where SPCBL operations are located in Gazipur.
• Bangladesh Rice Research InstituteminorOthersIdentified for innovation team partnerships and training collaboration - no active engagement reported.
• Bangladesh Agricultural Research InstituteminorOthersIdentified for innovation team partnerships and training collaboration - no active engagement reported.

Recent moves5 records

Expansion highlights4 records

Direct peers

• De La Rue: Global leader in currency printing and security documents. Operates in the same product category (banknotes, passports, tax stamps) using intaglio and security-feature technology, but serves multiple sovereign customers worldwide as a commercial supplier.
• Giesecke+Devrient: Germany-based security technology and banknote printing group. Directly comparable as a producer of secure banknotes, ID documents, and payment cards using advanced intaglio and security-feature printing.
• Crane Currency: US-based supplier of currency substrates and printed banknotes for central banks. Operates in the same security printing space with comparable intaglio and security-feature capabilities.

Broad incumbents

• Orell Füssli: Swiss security printer producing banknotes, ID documents, and stamps. Directly comparable in security printing technology and customer base (central banks and governments).
• CBNC (China Banknotes Printing & Minting Corporation): State-owned Chinese currency printing and minting conglomerate, the world's largest by volume. Comparable as a sovereign-grade security printing operation but with vastly broader scale and capabilities.

Regional players

• India Security Press: India's government-owned security printing press under the Ministry of Finance, producing banknotes, stamps, and security documents. Directly analogous as a South Asian government security printing operation.
• Security Printing Press (Pakistan): Pakistan's government-owned security printing entity producing banknotes and stamps for the State Bank of Pakistan. Closest regional analog to SPCBL by ownership structure and mandate.

Emerging players

• Royal Joh. Enschedé: Dutch specialty printer with heritage in security printing (banknotes, stamps, certificates). Comparable as a niche security printer serving central bank and government customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Takshal
• LinkedInlinkedin.com/company/the-security-printing-corporation-bangladesh-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about The Security Printing Corporation (Bangladesh) Ltd.