PESB MIDHANI Director (Finance) Recruitment 2026 - Board Level Post, Rs 1,60,000-2,90,000 | Apply by 4 November

Public Enterprises Selection Board (PESB), Department of Personnel and Training, Government of India, Block No. 14, C.G.O. Complex, Lodhi Road, New Delhi-110003, invites applications for the post of Director (Finance) in Mishra Dhatu Nigam Limited (MIDHANI). Advertisement No. 111/2026, No. 7/59/2026-PESB dated 14.10.2026.

Post details

• Name of the CPSE – Mishra Dhatu Nigam Limited
• Name of the post – Director (Finance)
• Date of vacancy – 01.09.2027
• Schedule of the CPSE – Schedule ‘B’
• Scale of the post – Rs.1,60,000–2,90,000 (IDA)
• Number of posts – 1

Company profile

Mishra Dhatu Nigam Limited (MIDHANI) was incorporated in 1973 as a prime specialised metal and alloys manufacturing company to manufacture critical materials required in the strategic sectors of India’s defence industry and for sectors like nuclear power, satellite launch vehicles and aircraft. MIDHANI manufactures a wide range of Super Alloys (Nickel, Cobalt and Iron based), Titanium and Titanium Alloys, Special Purpose Steels, Strategic Metals and Alloys for applications in Aerospace, Defence, Atomic Energy, Power Generation, Chemical and other industries. MIDHANI is a Schedule ‘B’, Mini-Ratna CPSE under the administrative jurisdiction of the Department of Defence Production, Ministry of Defence. Its registered and corporate offices are at Hyderabad, Telangana.

Job description and responsibilities

Director (Finance) is a member of the Board of Directors and reports to the Chairman and Managing Director. He/She is overall in charge of the finance and accounts of the organisation and is responsible for evolving and formulating policies related to finance and accounts as well as implementation thereof.

Age

Age is reckoned on the date of occurrence of vacancy (DOV), with the age of superannuation being 60 years:

• Internal candidates – minimum 40 years; maximum – 2 years’ residual service as on the date of vacancy with reference to the date of superannuation.
• Other candidates – minimum 40 years; maximum – 3 years’ residual service as on the date of vacancy with reference to the date of superannuation.

Employment status

The applicant must, on the date of application as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the following:

1. Central Public Sector Enterprise (CPSE), including a full-time functional Director in the Board of a CPSE;
2. Central Government Group ‘A’ officers, including the Armed Forces of the Union and All India Services, and officers from Public Sector Banks/Financial Institutions/Autonomous Bodies etc.;
3. State Public Sector Enterprise (SPSE) where the annual turnover is Rs.1,000 crore or more;
4. Private Sector company/Joint Venture (JV) (50:50 JVs of Central Government/State Governments and JVs of CPSEs with other CPSEs/organisations (50:50 JVs))/National and State level Cooperative Federations, whose annual turnover is Rs.1,000 crore or more. In the case of a private company, preference will be given to candidates from listed companies; applicants from private companies, JVs and Federations will be arranged in order of annual turnover of these entities.

The average audited annual turnover of the three financial years preceding the calendar year in which the post is advertised is considered for applying the approved limits.

Qualification

• (i) The applicant should be a Chartered Accountant or Cost Accountant or a full-time MBA/PGDM course having specialisation in Finance with good academic record from a recognised university/institution. Preference will be given to a Chartered Accountant.
• (ii) Officers of Organised Group ‘A’ Accountant Services (Indian Audit and Accounts Service, Indian Defence Accounts Service, Indian Railway Accounts Service, Indian Civil Accounts Service, Indian P&T Accounts & Finance Service and Indian Cost Accounts Service) and applicants from the Central Government/Armed Forces of the Union/All India Services, working at the appropriate level, are exempted from these educational qualifications, provided they have the relevant experience mentioned in the experience criteria.

Experience

• (i) The applicant should have at least five years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/Corporate Accounts in an organisation of repute.
• (ii) Applicants from Organised Group ‘A’ Accountant Services and applicants from Central Government/Armed Forces of the Union/All India Services should have either (a) educational qualification of Chartered Accountancy/Cost Accountancy/MBA/PGDM with specialisation in Finance with at least five years of cumulative experience at a senior level during the last ten years in the area of Financial Management/Accounts in Government/Corporate Financial Management/Corporate Accounts; or (b) at least five years’ cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/Corporate Accounts.

Eligible scale of pay in CPSEs

Rs.6250-7475 (IDA) pre-01.01.1992; Rs.8520-10050 (IDA) post-01.01.1992; Rs.18500-23900 (IDA) post-01.01.1997; Rs.43200-66000 (IDA) post-01.01.2007; Rs.100000-260000 (IDA) post-01.01.2017 (E7 grade as per guidelines issued by DPE from time to time); Rs.14300-18300 (CDA) pre-revised; Rs.37400-67000 + GP 8700 (CDA); Rs.123100-215900 (Level 13) CDA.

The minimum length of service required in the eligible scale will be one year for internal candidates and two years for others, as on the date of vacancy.

Other than CPSEs

• (i) Group ‘A’ officers of the Central Government including All India Services (AIS) and Autonomous Bodies etc. should be holding either a post of the level of Director in the Government of India or an equivalent post carrying an equivalent scale of pay, on a substantive basis, on the date of application. An officer drawing the eligible pay scale merely on account of Non-Functional Upgradation (NFU)/Next Below Rule (NBR) basis without holding a substantive post shall not be eligible.
• (ii) Applicants from Public Sector Banks/Financial Institutions should be at Board level or at least a post of the level immediately below the Board level for one year on the date of application.
• (iii) Applicants from the Armed Forces of the Union should be holding a post of the level of Brigadier in the Army or equivalent rank in the Navy/Air Force on the date of application.
• (iv) Applicants from State Public Sector Enterprises/Private Companies/JVs/Federations should be working at a Board level position or at least a post of the level immediately below the Board level on the date of application.

Duration of appointment

The appointment shall be for a period of five years from the date of joining or up to the date of superannuation or until further orders, whichever is earlier.

Important dates

• Advertisement dated – 14.10.2026
• Total timeline for receipt of applications (complete in all respects) in PESB – 30 days from the date of uploading the Job Description on the PESB website.
• Last date for submission of online application by the applicant – by 03:00 PM on 04.11.2026

How to apply

• Applicants must fill up the Application Form online only against this Job Description on the PESB website https://pesb.gov.in/; thereafter their nodal officer/competent authority should forward it online as per the prescribed procedure. The link for registration of nodal officers/competent authorities is available on the PESB website.
• Applicants should submit their applications through the proper channel as follows – Group ‘A’ Central Government Officers including Armed Forces and All India Services: through the Cadre Controlling authority; officers from Public Sector Banks/Financial Institutions/Autonomous Bodies: through their Administrative Ministry/Department; CMDs/MDs/Functional Directors in CPSEs: through the concerned Administrative Ministry/Department; below Board level in CPSEs: through the concerned CPSE; CMDs/MDs/Functional Directors in State PSEs: through the concerned Administrative Secretary and Cadre Controlling Authority of the State Government; below Board level in SPSEs: through the concerned SPSE; applicants from JVs/Federations: through their Nodal Officer/Competent Authority; applicants from private companies directly to PESB.
• Applicants from Private Companies/JVs/Federations must submit, along with the application form: annual reports of the three financial years preceding the calendar year in which the post is advertised of the organisation in which they are currently working; documentary proof if the company is listed; evidence of working at Board level or at least a post of the level immediately below the Board level; self-attested copies of documents in support of age and qualifications; and details of relevant jobs handled in the past.
• The cadre controlling authority/competent authority should forward applications of only those applicants who are clear from the vigilance angle, as per the guidelines issued by DPE, latest being OM No. 15(2)/2001-DPE(GM)-FTS-4199 dated 28.10.2025. The vigilance profile in the 13 points proforma prescribed by the CVC (CVC circular No. 10/09/24 dated 06.09.2024) must invariably be attached with the application form.

Undertaking by the applicant

• An applicant has to give an undertaking as part of the application that he/she will join the post if selected. If an applicant does not give such an undertaking, the application would be rejected.
• For candidates from the Central Government (including the Armed Forces of the Union and All India Services) and officers from Public Sector Banks/Financial Institutions/Autonomous Bodies, the appointment is on immediate absorption basis.
• If a candidate conveys unwillingness to join after the interview is held, or after the issue of the offer of appointment, he/she would be debarred for a period of two years from being considered for a Board level post in any CPSE (or, for CPSE candidates, in any CPSE other than the one to which the candidate belongs).
• In the above cases, no request for relaxation or otherwise would be entertained.

No application fee is prescribed in the advertisement.