MSEB Holding Company Ltd Recruitment 2026 – Advertisement No. 10/2026 for Director (Finance) in MSEDCL

MSEB Holding Company Ltd has issued Advertisement No. 10/2026 dated 25 August 2026 to fill the prestigious position of Director (Finance) in its subsidiary, Maharashtra State Electricity Distribution Company Ltd (MSEDCL). This is a Board‑level position, reporting directly to the Chairman & Managing Director, and requires experienced professionals with proven leadership and financial expertise.

Qualification and Experience Requirements for Director (Finance)

  • CA/MBA (Finance)/ICWA/CFA with minimum 15 years of experience, including 5 years at senior management level in PSU or private commercial organizations.
  • Membership of a professional body/institution for at least 5 years.
  • Alternatively, candidates who have worked as Director (Finance) or Member Accounts in a State Electricity Board are eligible.
  • For deputation: Class I Accounts and Finance Services officers (IRAS/ICAS/IDAS) with 15 years’ experience, or Class I officers of Govt. of Maharashtra with 15 years’ experience including 5 years in relevant field.
  • Note: Candidates who have already served two terms as Functional/Whole‑time Director in MSEDCL are not eligible.

Age Limit and Deputation Guidelines for Applicants

  • Maximum Age: Not more than 60 years as on 25 August 2026.
  • Officers from Central/State Government or PSUs may apply on deputation basis through proper channel using Format “A” & “B”.

Skills and Preferred Candidate Attributes for Director (Finance)

  • Strong communication, analytical, and problem‑solving skills.
  • Effective employee management and leadership qualities with customer service orientation.
  • Preference for candidates from CPSUs in the Power Sector with expertise in IPO‑related processes.

Compensation, Tenure and Residential Accommodation Details

  • Compensation comparable to similar sized PSUs, negotiable.
  • For deputation candidates, remuneration as per deputation rules.
  • Tenure: 3 years (contract/deputation) with annual performance review.
  • Residential accommodation may be provided at concessional rent, subject to availability. Otherwise, HRA will be paid.

Application Procedure and Submission Guidelines

  • Applications must be submitted in prescribed format with self‑attested copies of certificates for age, qualification, and experience.
  • Incomplete or late applications will be rejected. Postal/courier delays will not be considered.
  • Last Date for Submission: 09 September 2026
  • Address: The Chief General Manager (HR), Maharashtra State Electricity Distribution Company Ltd, 4th Floor, Prakashgad, Bandra (East), Mumbai – 51
  • Envelope must be superscribed: “MSEBHCL ADVT. NO. 10/2026: APPLICATION FOR THE POST OF DIRECTOR (FINANCE), MSEDCL”

General Conditions and Selection Process for Director (Finance)

  • Eligibility will be verified with original documents only after final selection.
  • Shortlisting will be based on qualifications and experience; mere possession of minimum qualifications does not guarantee interview.
  • Interview expenses must be borne by candidates.
  • Company reserves the right to modify or cancel recruitment criteria.
  • Recruitment will be strictly merit‑based with systematic evaluation.
  • Disputes will fall under jurisdiction of Mumbai Court.
  • Company profile, advertisement, and application format available at www.msebindia.com, www.mahadiscom.in, www.mahatransco.in, and www.mahagenco.in.

Frequently Asked Questions (FAQs) About MSEDCL Director (Finance) Recruitment 2026

What is the last date to apply?

The last date for submission of applications is 09 September 2026.

Who can apply on deputation?

Officers from Central/State Government or PSUs with required qualifications and experience can apply through proper channel.

What is the tenure of the position?

The tenure is 3 years, subject to annual performance review.

Is accommodation provided?

Yes, unfurnished accommodation may be provided at concessional rent, subject to availability. Otherwise, HRA will be paid.

Final Note for Applicants

This recruitment by MSEB Holding Company Ltd for Director (Finance), MSEDCL is a prestigious opportunity for seasoned finance professionals to contribute to Maharashtra’s power sector. Interested candidates should apply before the deadline and ensure compliance with all eligibility and documentation requirements.