New Delhi: MMTC Limited, a Schedule “A” Miniratna CPSE under the Department of Commerce, Ministry of Commerce & Industry, has announced a vacancy for the post of Director (Finance). Interested candidates can apply through the Public Enterprises Selection Board (PESB) by January 30, 2026, as per advertisement number 4/2026.
Role and Responsibilities of Director (Finance)
The Director (Finance) will play a crucial role in overseeing the overall financial management of MMTC Limited. Key responsibilities include:
- Managing all finance-related issues and ensuring statutory compliance.
- Overseeing settlement of legal cases and recovery of debts.
- Monetization and optimal utilization of company assets.
- Monitoring joint ventures and ensuring regulatory compliance.
- Ensuring robust financial reporting and strategic fund management.
The position offers a pay scale of ₹1,80,000 – ₹3,40,000 (IDA) with a tenure of five years from the date of joining or until superannuation, whichever is earlier. Central government officers will be considered on an immediate absorption basis only.
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Eligibility Criteria
Age: Candidates must be at least 45 years old on the date of vacancy. For internal candidates, a residual service of 2 years is required, and for external candidates, 3 years.
Employment Status: Candidates should be in regular employment (not contractual) in:
- CPSEs
- Central Government Group ‘A’ Officers
- Armed Forces
- State PSEs with turnover ≥ ₹2,000 crore
- Private sector companies with turnover ≥ ₹2,000 crore
Educational Qualification:
- Chartered Accountant (CA), Cost Accountant (ICWA), or MBA/PGDM in Finance.
- Officers from organized Group ‘A’ Accounts Services or eligible government officers may be exempted from formal qualifications.
Experience: A minimum of 5 years of cumulative senior-level experience in corporate financial management or accounts in the last 10 years is required.
Application Process and Important Dates
Applications must be submitted online through PESB: https://pesb.gov.in.
- Last date for submission: January 30, 2026, 3:00 PM
- Last date for forwarding by nodal officers: February 9, 2026, 5:00 PM
Applicants must apply through the proper channel as specified for CPSEs, Central Government, State PSEs, or private sector organizations. Incomplete applications or submissions after the deadline will be rejected.
About MMTC Limited
MMTC Limited is one of India’s leading international trading houses, dealing in minerals, ores, bullion, ferrous and non-ferrous metals, fertilizers, coal, and agro commodities. A Schedule “A” Miniratna CPSE, MMTC also has a joint venture, MMTC-PAMP India Pvt. Ltd., which operates a precious metal processing facility. As of November 30, 2025, MMTC has authorized capital of ₹200 crore, paid-up capital of ₹150 crore, and 257 regular employees, with the Government of India holding nearly 90% stake in the company.
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