DIO Financial Services Consultant Recruitment 2026

DIO is hiring 2 Financial Services Consultants for its iDEX team under the Ministry of Defence — one Deputy Program Director and one Program Executive. If you have an MBA in Finance, CA, or CMA with relevant experience, you can apply online. The last date to apply is 10 August 2026. The monthly consultancy fee ranges from Rs. 80,000 to Rs. 1,80,000 depending on the post, and the place of work is New Delhi.

Defence Innovation Organisation (DIO) Financial Services Consultant Recruitment 2026 - 2 Posts

The Defence Innovation Organisation (DIO), a Section-8 company created by defence PSUs HAL and BEL, runs the iDEX (Innovations for Defence Excellence) framework under the Ministry of Defence. Launched in April 2018, iDEX supports startups, MSMEs, individual innovators, R&D institutes and academia working on defence and aerospace technology by giving them grants and other funding support to build products for India's defence and aerospace needs. DIO has released an advertisement (No. DIO/Advertisement/IC-FS/2026(I)) to hire finance professionals as Individual Consultants for its Financial Services Team, which evaluates and manages the funding given to iDEX award winners. These are full-time contract roles, not regular government jobs — the initial engagement is for 3 years, extendable up to 5 years, and in exceptional cases even further with the approval of the DIO Board. If you enjoy working with startups on financing and grants, this role gives you a front-row seat in India's defence innovation ecosystem.

Vacancy Breakdown

Who Can Apply?

Deputy Program Director (Financial Services) - Rs. 1,40,000-1,80,000/month:

• Qualification: MBA (Finance) / CA / CMA (CWA) / 2-year PGDM with specialisation in Finance, from a recognised and reputed institute
• Experience: At least 6 years of post-qualification experience in the relevant field

Program Executive (Financial Services) - Rs. 80,000-1,20,000/month:

• Qualification: MBA (Finance) / CA / CMA (CWA) / 2-year PGDM with specialisation in Finance, from a recognised and reputed institute
• Experience: At least 2 years of post-qualification experience in the relevant field

For both posts, your previous work experience should cover at least one of these areas:

• Working in banks or financial institutions
• Evaluating and analysing finance and loan options available to startups and MSMEs
• Processing the mechanism of government grants and disbursements

What You'll Work On

• Evaluate financial statements, estimates and documents submitted by iDEX award winners
• Handle financial accounting matters and budgeting for iDEX-DIO
• Analyse finance and loan options available to iDEX winners and help them access those options in the market
• Take up any other work assigned by the COO/DIO or a senior authority

Age Limit

• Deputy Program Director: You should be below 40 years old as on 10 August 2026.
• Program Executive: You should be below 30 years old as on 10 August 2026.

Salary

• Deputy Program Director (Financial Services): Consolidated monthly consultancy fee of Rs. 1,40,000 to Rs. 1,80,000, inclusive of all taxes.
• Program Executive (Financial Services): Consolidated monthly consultancy fee of Rs. 80,000 to Rs. 1,20,000, inclusive of all taxes.
• You get an annual increase of up to 10% in your consultancy fee based on your appraisal, and GST paid on the fee is reimbursed by DIO.
• Income tax will be deducted at source as per the applicable rules, and DIO will issue a TDS certificate.
• This is a contract engagement and does not confer any right to permanent absorption or regular employment in DIO.

Selection Process

The selection will be done in the following stages:

1. Shortlisting: Shortlisted candidates are informed by email.
2. Skill Test and Interview: You may be called for an in-person interview at New Delhi or through video conferencing. This can include skill tests, a personal interview, and group discussions/debates/quizzes.

DIO does not reimburse travel expenses for attending the interview, and detailed terms of engagement are shared only with selected candidates.

Once selected, you will need to accept the Offer of Engagement and sign a Consultancy Contract before joining. DIO does not guarantee any fixed number of positions and reserves the right to increase, decrease, or not fill any of the advertised posts.

How to Apply

1. Keep scanned copies of your degree certificates, experience letters and ID proof ready before you start.
2. Go to idex.gov.in and open the Career section.
3. Choose the post you want to apply for — Deputy Program Director or Program Executive (Financial Services).
4. Fill in the online application form completely.
5. Upload all your supporting documents as a single PDF file within the prescribed size.
6. Submit your application before the deadline.

Only online applications are accepted — applications sent through any other mode will not be considered. For queries, email eo-dio@ddpmod.gov.in or call 011-20832018.

Important Dates

• Advertisement Date: 8 July 2026
• Online Application Start: 8 July 2026
• Last Date to Apply Online: 10 August 2026 (till 5:00 PM)

• Evaluate financial statements and documents submitted by iDEX award winners
• Handle financial accounting and budgeting matters for iDEX-DIO
• Analyse loan and financing options available for startups and MSMEs
• Help iDEX winners access funding and grant options in the market
• Support the iDEX management with day-to-day financial evaluation work
• Prepare financial reports and estimates as required by the program
• Coordinate with banks and financial institutions on behalf of iDEX winners