MSEDCL Director Finance Recruitment 2026

MSEDCL Director Finance Recruitment 2026: Overview

Maharashtra State Electricity Distribution Company (MSEDCL / Mahavitaran), through MSEB Holding Company Limited, is looking for a Director (Finance) to join the distribution company's board-level leadership. The incumbent reports to the Chairman and Managing Director and is expected to combine financial stewardship with the judgement needed in a large power utility. This is an experienced-leadership appointment, open both as a contractual engagement and, for serving government or public-sector officers, through deputation. The notice places particular value on candidates who understand power-sector finance, institutional accountability and major capital-market work.

Service Conditions and Caveats

• Board-level role: The Director (Finance) works directly under the Chairman and Managing Director and carries responsibility for the company's finance function at leadership level.
• Tenure: The appointment runs for 3 years, with performance reviewed at the end of each year and linked to continuation of the contract.
• Deputation route: Serving Central or State Government and public-sector officers may be considered on deputation when they meet the notified service and experience conditions. Their applications must move through the proper channel with the employer's certification.
• Prior MSEDCL directors: A person who has already served the maximum 2 terms as a functional or whole-time MSEDCL director cannot apply for this post.
• Housing: Unfurnished company accommodation may be offered at concessional rent when available; otherwise, HRA follows the rules applicable to company employees.
• Interview expense: Shortlisted candidates attend the interview at their own cost, and the company does not promise a change in the scheduled selection date.
• Eligibility check: Initial acceptance is provisional. MSEDCL checks original records after the candidate clears the final process and before an offer is issued.
• Communication: The shortlist and final selection information are sent by email, so the address entered in the form should remain active throughout recruitment.
• Jurisdiction: Recruitment disputes fall under the courts in Mumbai, and the company may modify or cancel the process when necessary.

Application Submission Notes

Send the prescribed form and self-attested supporting records to The Chief General Manager (HR), Maharashtra State Electricity Distribution Company Ltd., 4th Floor, Prakashgad, Bandra (East), Mumbai - 51. Write "MSEBHCL ADVT. NO. 10/2026: APPLICATION FOR THE POST OF DIRECTOR (FINANCE), MSEDCL" clearly on the envelope.

Applications must reach the office by post or courier; a late delivery is not accepted even when the delay is caused by the postal service. Keep a copy of the complete application for your records, and make sure every claim about age, qualification and experience is backed by the required self-attested document.

• Lead financial planning, control, reporting, and governance for MSEDCL
• Advise the Chairman and Managing Director on financial strategy and major decisions
• Oversee budgeting, funding, treasury, accounts, audit, and statutory compliance
• Guide capital-market and IPO-related work when required by the company
• Review financial performance and address risks across the distribution business
• Manage senior finance teams and strengthen accountability across the organization
• Present financial proposals and performance updates to the board and stakeholders