DIO Financial Services Consultant Recruitment 2026

The Defence Innovation Organisation (DIO), under the Department of Defence Production (DDP), Ministry of Defence, is hiring 2 Individual Consultants — a Deputy Program Director and a Program Executive — for its Financial Services team. If you have an MBA (Finance), CA, or CMA qualification with relevant banking/finance experience, you can apply online. The last date to apply is 31 August 2026. This is a contract-based engagement paying Rs. 80,000 to Rs. 1,80,000 per month, based in New Delhi.

DIO Financial Services Team Consultant Recruitment 2026 - 2 Posts

The Defence Innovation Organisation (DIO) — the executive arm of India's iDEX (Innovations for Defence Excellence) initiative under the Ministry of Defence — has released Advertisement No. DIO/Advt/IC-FS/2026(I) dated 8 July 2026 to engage professionals with financial expertise as Individual Consultants. iDEX was launched in April 2018 to boost innovation and technology development in the defence and aerospace sector by bringing in MSMEs, start-ups, individual innovators, R&D institutions, and academia. It works to build a self-reliant innovation ecosystem and helps fund products and technologies for future adoption by India's defence and aerospace forces. As a consultant on this team, you would assist the iDEX management team in evaluating financial statements and documents submitted by iDEX award winners, handling financial accounting and budgeting for iDEX-DIO, and helping startups and MSMEs access suitable funding and credit options from the market. Engagement is purely on a contract basis — this recruitment does not lead to permanent absorption in DIO or the government.

Vacancy Breakdown

• Deputy Program Director, DPD (Financial Services): 1 post
• Program Executive, PE (Financial Services): 1 post

Who Can Apply?

• Nationality: Only Indian Nationals are eligible to apply, and your qualification must be from a University/Institution recognized in India.

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

• MBA (Finance) / CA / CMA (CWA) / 2-year PGDM with specialization in Finance, or equivalent, from a recognized and reputed institution.
• At least 6 years of relevant experience (as on 10 August 2026) after your qualification.

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

• MBA (Finance) / CA / CMA (CWA) / 2-year PGDM with specialization in Finance, or equivalent, from a recognized and reputed institution.
• At least 2 years of relevant experience (as on 10 August 2026) after your qualification.

Experience You Need (Both Posts):

• Experience working with banks or financial institutions.
• Experience in financial evaluation and analysis, including credit options available for startups/MSMEs.
• Experience in processing government grants and similar funding mechanisms.

Age Limit

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

Salary

• Deputy Program Director: Consolidated monthly consultancy fee of Rs. 1,40,000 to Rs. 1,80,000, based on the Interview & Selection Committee's recommendation.
• Program Executive: Consolidated monthly consultancy fee of Rs. 80,000 to Rs. 1,20,000.
• Your fee can increase by up to 10% annually based on your yearly performance appraisal, as per DIO norms.
• GST on your consultancy fee, if applicable, will be reimbursed by DIO as per rules.
• Contract Duration: Initially 3 years, extendable up to a total of 5 years based on your performance and DIO's requirement. In exceptional cases, considering DIO's requirement and your past excellent performance, the DIO Board may approve an extension beyond 5 years.
• If your engagement continues beyond the initial period, it will run either for a fixed term or until you turn 60 years old, whichever comes first.

Selection Process (No Written Exam)

There is no formal written exam. Selection happens in these stages:

1. Application Screening: Based on your qualification and experience.
2. Shortlisting: Shortlisted candidates are informed by email.
3. Interview: Held in person in New Delhi or via video conferencing. It may include a skill test, personal interview, and group discussion/Q&A.

Note: DIO does not consider any travel allowance claims for attending the interview. DIO also reserves the right to cancel this recruitment process, or increase/decrease the number of posts, at any stage without assigning any reason.

How to Apply

1. Go to the iDEX website at www.idex.gov.in and open the Career section.
2. Fill in the online application form for the Financial Services Team consultant posts.
3. Combine your documents into a single PDF file (within the prescribed size limit) and upload it with your application.
4. Submit your application online before 31 August 2026, 5:00 PM.

Applications are accepted only through the online mode — applications sent through any other channel will not be considered. If you are selected, you will need to sign a consultancy agreement (bond) on a Rs. 200 stamp paper before joining. For queries, email eo-dio@ddpmod.gov.in or call 011-20832018.

Important Dates

• Advertisement Date: 8 July 2026
• Online Application Start Date: 10 August 2026
• Last Date to Apply Online: 31 August 2026 (5:00 PM)

• Evaluate financial statements, cost estimates, and documents submitted by iDEX award winners
• Handle financial accounting and budgeting matters for iDEX-DIO
• Analyze funding and credit options available to iDEX winners from banks and financial institutions
• Guide iDEX winners in accessing suitable funding and credit options from the market
• Support the iDEX management team in reviewing grant disbursement processes
• Prepare financial reports and assessments for the COO/DIO as required
• Coordinate with startups and MSMEs on financial documentation requirements