MRVC Recruitment 2025: Apply for Director (Finance) Post | Salary ₹3.4 Lakh, Eligibility and Last Date

The Mumbai Railway Vikas Corporation Limited (MRVC), a Schedule-A CPSE under the Ministry of Railways, has announced recruitment for the prestigious Director (Finance) post with an attractive IDA pay scale of ₹1,80,000 – ₹3,40,000.

Eligible candidates must be at least 45 years old, hold qualifications such as CA, CMA, or MBA (Finance), and possess five years of senior-level financial management experience. The appointment is for five years or until superannuation at 60 years, with applications to be submitted online via the PESB website by 15th September 2025 (3:00 PM).

MRVC Recruitment 2025: Apply for Director (Finance) Post – Eligibility, Salary, Selection & Application Process

Are you a senior finance professional with a passion for leadership and public service? Here’s your chance to make an impact on one of India’s most important urban rail projects. The Mumbai Railway Vikas Corporation Limited (MRVC) has announced a high-profile opening for the Director (Finance) post. This role offers an attractive pay scale, stability, and the opportunity to influence the future of Mumbai’s suburban railway system.

In this detailed guide, AUBSP brings you everything you need to know about the MRVC Director (Finance) recruitment – from company background to job responsibilities, eligibility, pay scale, tenure, application process, and selection method.

About MRVC: Building Mumbai’s Rail Future

The Mumbai Railway Vikas Corporation Limited (MRVC) was set up in July 1999 under the Ministry of Railways. Its core mission is to develop world-class railway infrastructure for Mumbai’s suburban train network, one of the busiest in the world.

MRVC integrates railway development with Mumbai’s urban planning, ensuring that infrastructure projects enhance passenger safety, comfort, and convenience. With joint ownership between the Government of India (51%) and the Government of Maharashtra (49%), MRVC plays a strategic role in shaping urban mobility for millions of daily commuters.

Currently, the corporation has 126 regular employees, operates as a Schedule-A CPSE, and is committed to efficient, sustainable rail transport.

Job Role: Director (Finance) – Leadership in Action

The position of Director (Finance) is a Board-level role, reporting directly to the Chairman & Managing Director. It’s not just an accounting job—it’s a strategic leadership role shaping MRVC’s financial roadmap.

The selected candidate will be responsible for:

• Formulating and implementing financial policies aligned with corporate goals.
• Leading financial planning, budgeting, and cost management.
• Overseeing corporate accounting, financial controls, and statutory compliance.
• Preparing financial statements and reports as per regulatory standards.
• Ensuring fiscal discipline while supporting MRVC’s long-term infrastructure projects.

This is a career-defining opportunity for finance professionals ready to step into the highest decision-making level in a PSU.

Eligibility Criteria for MRVC Director (Finance)

Candidates must meet the following eligibility conditions before applying:

Age Limit

• Minimum age: 45 years.
• Maximum age: Determined by residual service.
  • Internal candidates: Must have at least 2 years of service left before retirement.
  • External candidates: Must have at least 3 years of service left before retirement.
• Superannuation Age: 60 years.

Educational Qualification

• Chartered Accountant (CA), Cost Accountant, or MBA/PGDM (Finance) from a recognized university/institute.
• Preference will be given to Chartered Accountants.
• Officers from Organized Group ‘A’ Accounts Services (such as IRAS, ICAS, IDAS, IA&AS, etc.) are exempted from mandatory educational qualifications, provided they have relevant financial experience.

Professional Experience

• At least 5 years of senior-level experience in the last 10 years in Corporate Financial Management or Corporate Accounts.
• Applicants from Government, PSUs, Banks, and Armed Forces should hold positions equivalent to Joint Secretary/Board level or immediately below.
• Private sector candidates must have experience in companies with an annual turnover of ₹1,500 crore or more.

Salary, Pay Scale & Benefits

The position offers an attractive IDA pay scale of ₹1,80,000 – ₹3,40,000 for a Schedule-A CPSE Board-level post.

Additional benefits include:

• Performance-related pay (PRP).
• Company perks, allowances, and official accommodation (as per entitlement).
• Retirement and pension benefits under CPSE norms.

For professionals aspiring to combine financial success with public service, this role offers the best of both worlds.

Tenure of Appointment

The selected candidate will be appointed for a period of five years from the date of joining, or up to the age of superannuation (60 years), whichever comes earlier.

This ensures long-term stability, giving the Director ample time to execute policies, guide financial strategies, and contribute to transformative rail projects.

Application Process for MRVC Director (Finance) Recruitment 2025

The application process is structured, and candidates are advised to follow it carefully:

1. Apply Online: Visit the PESB website at https://pesb.gov.in and fill the form online.
2. Forwarding Applications:
   • Government & CPSE officers must apply through their Cadre Controlling Authority/Administrative Ministry.
   • PSU & Bank officers should route applications via their respective ministries/departments.
   • Private sector candidates can apply directly to PESB but must attach:
     • Annual Reports of the company for the last 3 years.
     • Proof of board-level position.
     • Supporting documents for age, qualifications, and past roles.
3. Submission Deadlines:
   • For applicants: 15th September 2025 (by 3:00 PM).
   • For Nodal Officers: 24th September 2025 (by 5:00 PM).

⚠️ Important: Incomplete or late applications will be rejected without exception.

Selection Process

The selection will be conducted by the Public Enterprises Selection Board (PESB).

• Applications will be screened to shortlist candidates.
• Shortlisted applicants will be called for an interview.
• The final recommendation will be made to the Appointments Committee of the Cabinet (ACC).

Candidates must also provide an undertaking to join if selected. Failure to join after selection or appointment will lead to a two-year debarment from applying for Board-level posts in CPSEs.

Why You Should Apply

If you’re a finance professional with vision, leadership skills, and experience, this is your opportunity to:

• Work at the highest level of financial decision-making in a major PSU.
• Contribute to transforming Mumbai’s suburban railway system.
• Secure a prestigious leadership position with government-backed stability.
• Enjoy a competitive salary and benefits package.

This is more than a job—it’s a chance to shape India’s infrastructure future.

FAQs on MRVC Recruitment 2025

What is MRVC Recruitment 2025 for?
MRVC is recruiting for the post of Director (Finance), a prestigious Board-level position under the Ministry of Railways.

What is the pay scale for MRVC Director (Finance)?
The pay scale is ₹1,80,000 – ₹3,40,000 (IDA), along with perks and allowances as per CPSE rules.

What is the minimum educational qualification required?
Candidates must be Chartered Accountant (CA), Cost Accountant (CMA), or hold MBA/PGDM in Finance. Preference is given to Chartered Accountants.

What is the age limit for MRVC Director (Finance)?
The minimum age is 45 years. Maximum age is subject to residual service rules with superannuation at 60 years.

What professional experience is required for the role?
Applicants must have at least 5 years of senior-level experience in corporate financial management or corporate accounts during the last 10 years.

Are Government officers eligible to apply?
Yes, Group ‘A’ Central Government officers including those from the Armed Forces, All India Services, and Organized Accounts Services are eligible.

Can private sector candidates apply for MRVC Director (Finance)?
Yes, private sector applicants can apply if they work in companies with an annual turnover of at least ₹1,500 crore and have relevant experience.

What is the tenure of appointment for Director (Finance)?
The appointment is for 5 years from the date of joining or until the age of superannuation (60 years), whichever is earlier.

What is the last date to apply for MRVC Director (Finance) Recruitment 2025?
The last date for candidates to submit applications is 15th September 2025 by 3:00 PM.

What is the last date for nodal officers to forward applications?
The last date for nodal officers to forward applications to PESB is 24th September 2025 by 5:00 PM.

How can candidates apply for MRVC Director (Finance)?
Candidates must apply online through the PESB website at https://pesb.gov.in and forward their applications via the proper channel.

What documents are required for private sector applicants?
Private candidates must submit company annual reports for the last 3 years, proof of board-level position, and documents supporting age and qualifications.

Who conducts the selection process for MRVC Director (Finance)?
The Public Enterprises Selection Board (PESB) conducts the process, including shortlisting and interviews. Final approval is given by the Appointments Committee of the Cabinet (ACC).

Is there an interview for MRVC Director (Finance) selection?
Yes, shortlisted candidates are called for an interview before the PESB.

What happens if a candidate refuses the post after selection?
Candidates refusing after interview or offer will be debarred for 2 years from applying to Board-level posts in CPSEs.

What is the employment type of this role?
This is a full-time Board-level appointment in a Schedule-A Central Public Sector Enterprise.

Where is the job location for MRVC Director (Finance)?
The job is based at the MRVC headquarters in Mumbai, Maharashtra.

Is MRVC a government-owned company?
Yes, MRVC is a Public Sector Undertaking under the Ministry of Railways, jointly owned by the Government of India (51%) and Government of Maharashtra (49%).

What is the application mode for MRVC Director (Finance)?
Applications can only be submitted online via the PESB website. Offline applications are not accepted unless generated from online submission and forwarded properly.

Who should applications be addressed to?
All applications and correspondence should be addressed to the Secretary, Public Enterprises Selection Board, New Delhi.

What is the superannuation age for MRVC Director (Finance)?
The age of superannuation for the post is 60 years.

Is MRVC Director (Finance) a Board-level position?
Yes, it is a Board-level position directly reporting to the Chairman and Managing Director.

Can bank officers apply for this post?
Yes, officers from public sector banks and financial institutions holding board-level or equivalent positions are eligible.

Is there any preference given to listed company candidates?
Yes, preference will be given to candidates from listed companies.

What is MRVC’s main objective?
MRVC aims to enhance suburban rail capacity, improve passenger comfort, and integrate rail projects with Mumbai’s urban development.

The MRVC Director (Finance) Recruitment 2025 is one of the most prestigious finance leadership opportunities in India’s public sector. With a competitive salary, board-level influence, and the chance to contribute to Mumbai’s rail future, this role is perfect for professionals ready to lead.

👉 Stay updated with AUBSP Jobs & Careers Section for the latest PSU recruitment news, finance career tips, and application guidance to help you land your dream job in public sector leadership.