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India Government Mint, Hyderabad

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India Government Mint, Hyderabad
Logo of India Government Mint
Predecessor	Royal Mint (Mint of Nizam)
Formation	1803; 221 years ago (1803)
Founder	Nizam of Hyderabad
Founded at	Sultan Sahi, Moghalpura, Hyderabad, India
Merger of	Nizam of Hyderabad's mint
Type	Public sector undertaking
Legal status	Mint
Purpose	To mint coins.
Headquarters	Janpath, Delhi, India
Location	IDA Phase-II, Cherlapally, Secunderabad, India
Coordinates	22°30′56.4696″N 88°19′18.9084″E / 22.515686000°N 88.321919000°E / 22.515686000; 88.321919000^[1]
Parent organization	SPMCIL
Subsidiaries	None
Website	igmhyderabad.spmcil.com/Interface/Home.aspx
Formerly called	Royal Mint

India Government Mint, Hyderabad is one of the four mintsinIndia. Based in Cherlapally, Secunderabad (twin cityofHyderabad) in the Indian state of Telangana, the mint was originally established in 1803 AD as the Royal Mint to serve as the mint for the Nizam of Hyderabad. The mint was founded by Mir Akbar Ali Khan Sikander Jah, Asaf Jah III and was originally situated at Sultan Sahi in Moghalpura suburb of Hyderabad city. In 1950, the mint was taken over by the Government of India and in 1997 it was shifted to it present location at CherlapallyinSecunderabad. Indian 1, 2, 5 and 10 rupee coins are produced in this mint.^[2]

History

Till early 19th century, mints were privately operated by wealthy businessmen (Sahus, Jagirdars and Omaras) in India. Licenses for minting coins were obtained by paying fees to the exchequer. The mints used to produce coins with the name of Emperor in Delhi. FIDVI, QITAAB (title) and lettering "Yar-E-Wafadar" (trusted follower) were added to the coins.^[3]

India Government Mint, Hyderabad was established in 1803 AD by Mir Akbar Ali Khan Sikander Jah, Asaf Jah III as a private mint. Initially the mint was situated at Sultan Sahi in Moghalpura suburb of the Hyderabad city.^[3]