Director (Finance) Recruitment at Munitions India Limited 2025 – Eligibility, Salary, Apply Online

Munitions India Limited (MIL), a Schedule ‘A’ CPSE under the Ministry of Defence, is inviting applications for the post of Director (Finance), a prestigious board-level position based in Pune. Eligible candidates with a strong background in finance, including CA, CMA, or MBA (Finance), and substantial senior-level experience in corporate financial management, can apply online via the PESB portal by 30th June 2025.

The role offers a high-level pay scale of ₹1,80,000 – ₹3,40,000 (IDA) and significant responsibilities in overseeing the company’s financial strategy. This is a valuable opportunity for finance professionals aiming to lead within India’s strategic defence sector.

Apply for Director (Finance) at Munitions India Limited (MIL): Eligibility, Responsibilities & Key Dates

Are you a seasoned finance professional aiming for a strategic leadership role in a prominent defence sector enterprise? Munitions India Limited (MIL), a Government of India enterprise under the Ministry of Defence, is inviting applications for the prestigious position of Director (Finance). In this article, AUBSP guides you through every important detail—from eligibility and responsibilities to application procedures and deadlines.

About Munitions India Limited (MIL)

Munitions India Limited is a Schedule ‘A’ Central Public Sector Enterprise (CPSE), headquartered in Khadki, Pune, Maharashtra. Incorporated under the Companies Act, 2013, MIL oversees 12 production units across India and plays a critical role in manufacturing:

1. Small and large arms ammunition
2. Explosives, projectiles, and propellants
3. Mines, grenades, and bombs
4. Specialised chemicals and defence-grade equipment

As of 31st March 2025, the company is entirely government-owned, with an authorized share capital of ₹42,000 crore and paid-up capital of ₹35,645.36 crore.

Roles and Responsibilities

As a key member of the Board of Directors, the Director (Finance) will report directly to the Chairman and Managing Director. Here’s what the role entails:

• Oversee the complete finance and accounts operations
• Formulate strategic and operational financial policies
• Manage budgeting, cost control, fund management, and compliance
• Ensure accurate preparation of financial statements and corporate reporting
• Lead audits, internal controls, and risk management frameworks

Eligibility Criteria

Age Limit

Internal Candidates: Minimum 45 years with 2 years of residual service as of the date of vacancy.

Other Candidates: Minimum 45 years with 3 years of residual service.

Employment Status

Candidate must be in regular employment in:

• A CPSE (including board-level directors)
• Central Government Group ‘A’ services / All India Services
• Armed Forces / Public Sector Banks / Financial Institutions
• SPSE or Private Company with turnover ≥ ₹1,500 crore

Educational Qualifications

• Chartered Accountant / Cost Accountant
• OR full-time MBA/PGDM in Finance from a recognized institution
• Preference given to Chartered Accountants
• Group ‘A’ Services/All India Services are exempt from this requirement if they have relevant experience

Experience

At least 5 years of senior-level experience in Corporate Financial Management or Accounts during the last 10 years.

For Central Govt/Armed Forces, 7 years of relevant experience required.

Pay Scale Requirements

Eligible candidates must hold one of the following scales:

Application Process: Step-by-Step Guide

How to Apply

You can apply through either of the following methods:

1. Online Submission: Fill out and submit your form directly via the PESB Website
2. Offline Submission: Submit online, print the form, and forward it through proper channels

Forwarding Authority (Based on Employment Type)

Important Dates

Additional Guidelines and Undertakings

Applicants must:

1. Submit an undertaking confirming willingness to join if selected.
2. Understand that withdrawal post-interview/offer leads to a 2-year debarment from applying to CPSE Board positions.

For complete assurance, the Public Enterprises Selection Board (PESB) reserves the right to shortlist applicants based on prevailing guidelines.

FAQs on MIL Recruitment 2025

What is the position being advertised by Munitions India Limited (MIL)?
The position is for Director (Finance), a board-level post responsible for financial management of the company.

Who is eligible to apply for the Director (Finance) role at MIL?
Applicants must be currently employed in a regular capacity in a CPSE, Central/State Govt., Armed Forces, Financial Institutions, or eligible private firms with a turnover of ₹1500 crore or more.

What is the last date to apply for the MIL Director (Finance) post?
The last date to apply is 30th June 2025 by 03:00 PM.

What is the pay scale for the Director (Finance) at MIL?
The position carries a pay scale of ₹1,80,000 – ₹3,40,000 (IDA).

What are the educational qualifications required for the post?
The applicant must be a Chartered Accountant, Cost Accountant, or hold an MBA/PGDM in Finance. Chartered Accountants are preferred.

Is experience in a finance role mandatory?
Yes, at least five years of cumulative senior-level experience in corporate finance or accounts in the last ten years is mandatory.

Are government officers exempt from the educational qualification requirement?
Yes, officers from Group ‘A’ Accounts Services, Central Government, Armed Forces, or All India Services are exempt if they have relevant experience.

What is the age limit for applicants?
The minimum age is 45 years. Internal candidates must have 2 years and others must have 3 years of residual service as of the date of vacancy.

What is the age of superannuation for this role?
The age of superannuation is 60 years.

What is the duration of the appointment?
The appointment is for five years or until the date of superannuation or further orders, whichever is earlier.

Where is the job location for the selected candidate?
The position is based at Munitions India Limited’s headquarters in Khadki, Pune, Maharashtra.

How can one apply for the position?
Applicants must apply online via the PESB website (https://pesb.gov.in) and forward the form through the proper channel as specified.

Can private sector professionals apply for the position?
Yes, if they work in a company with an annual turnover of ₹1500 crore or more and meet the experience criteria.

What documents do private sector applicants need to submit?
They must submit annual reports, proof of board-level or equivalent position, listing status of the company, and self-attested copies of age and qualification certificates.

Will there be any consequences for candidates who decline the offer after selection?
Yes, they will be debarred from applying for Board-level CPSE posts for two years from the date of interview or offer.

Is experience in defence-related industries necessary?
It is not mandatory, but relevant experience in corporate financial management is required.

What are the forwarding channels for government and public sector employees?
Group ‘A’ Officers must forward applications through Cadre Controlling Authority, while CPSE/SPSE officials must apply through their administrative ministry or department.

Is there any preference for candidates from listed companies?
Yes, preference will be given to candidates currently working in listed companies.

Can applicants send their forms offline?
They may take a printout of the online form and submit it offline through the proper channel as outlined.

Who should the applications be addressed to?
Applications must be addressed to the Secretary, Public Enterprises Selection Board, New Delhi.

What happens if an application is incomplete or late?
Incomplete or late applications will be rejected and not considered under any circumstances.

Who is considered an internal candidate?
Candidates already working in Munitions India Limited or in the Ministry/Department administratively controlling MIL are considered internal.

Is immediate absorption required for government officers?
Yes, Central Govt., Armed Forces, All India Services, and related officers must be willing to join on immediate absorption basis.

What is the official advertisement number and date?
The advertisement number is 54/2025, dated 03 June 2025.

What is the deadline for forwarding applications by nodal officers?
Nodal officers must forward applications by 09 July 2025, 05:00 PM.

Who is responsible for shortlisting candidates for the interview?
The Public Enterprises Selection Board (PESB) reserves the right to shortlist candidates based on guidelines.

As an authoritative source for government and corporate career guidance, AUBSP encourages qualified and driven professionals to seize this prestigious opportunity. This role not only places you at the helm of financial strategy within a critical defence enterprise but also positions you within a legacy of national service.

If you meet the eligibility criteria and aspire to drive financial excellence in public sector leadership, do not miss out—apply before 30 June 2025. For further updates and career guides, stay connected with AUBSP.com—your trusted partner in career advancement.