The Mysore Paper Mills Limited
Mysore Paper Mills Limited (MPM), founded by the then Maharaja of Mysore State Shri Krishnaraja Wodeyar Bahadur, was incorporated on 20 May 1936 under Rule VIII of the then Mysore Companies Act, 1917. Later it was converted into a government company in 1977 under Section 617 of the Companies Act, 1956.
The registered office of the company is at Bangalore and its unit is at Bhadravati in Shimoga district of Karnataka state. The authorized capital of the company is 150 crores. The paid up capital is about 120 crores. The company’s shares are listed on the Bombay Stock Exchange and the company has around 17,000 shareholders.
Government of Karnataka holds 65% shares of the company. IDBI and other financial institutions hold 18% shares while the public holds 17%. The management of the company is done by a competent board of directors consisting of IAS, IFS and other professionals.
The Chairman and Managing Director are assisted by a team of professionals with expertise in production, finance, marketing, etc., along with dedicated workers. Mysore Paper Mill has its own suburb (township).
Shivamogga is surrounded by beautiful natural spots including waterfalls, forests and hills, making it a favorite destination for nature lovers and trekkers. The serene atmosphere and pleasant climate of this region attracts tourists from different parts of the country.
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