Our Evolution

Manipal Technologies Ltd. came into existence in 1941 as Manipal Press Ltd. (MPL), with only one letter press machine, 15 employees and one client – Syndicate bank. Under the aegis of Mr. Satish Pai ManipalTech. evolved from being just a back office for Syndicate Bank, to a service provider to all the banks in the country. In 1955 Security Production Division was established as a separate unit and keeping pace with the regulatory environment became the first RBI approved security facility in India in 1984. To keep up with the clients’ requirements Continuous Stationery Division was started in 1988 which subsequently became the Business Forms division. The ‘90s’ was mostly about expanding the production capabilities, addressing newer industry segments like Government, Education, Corporate secure products etc. and establishing a pan India marketing presence.

The year 1997 saw a change in the leadership with Mr. Gautham Pai taking over the reigns of ManipalTech. India was opening up to the global markets and the industrial scenario was throwing up a number of opportunities. ManipalTech. made a concerted move towards newer technologies, newer opportunities and set high goals for growth. Adapting to the changing times, the security facility got IBA approval in 2000. Mr. Gautham Pai was keen to bring in and test global technologies in the Indian market place and we entered the secure digital technology space in 2003 with the establishment of the Transactional Production Division. With the Telecom industry in India all set for rapid expansion, ManipalTech. invested in the secure paper card production technologies and set up the Card Division in 2004. 2007 saw new forays into the digital technologies space with the setting up of Manipal Digital Systems and Digital Production services in the commercial print space. Going bullish on the Indian growth story, ManipalTech. made substantial investments in 2008-09 to set up a new Packaging division, a new Commercial Production facility and MCT Cards and Technology Ltd. - the largest secure card production facility in India.

Starting 2008, ManipalTech. has had made a focused shift from a mere production house to an organization serving defined Industries with solutions and services that are configured to meet the specific needs of the Industry – a shift that required the addition of competencies in a wide range of Technologies as also a deeper understanding of the customers’ current & evolving needs within the defined set of Industries served. Applications of these Technologies are now embedded into the customized product, service & solution offering to each of the Industries served. With the organization focus shifting from production to usage of a diverse range of technologies for serving diverse market needs, Manipal Press Ltd. was renamed as Manipal Technologies Ltd. in 2011 to reflect the internal transition to the external world.