https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

PESB Finds No Suitable Candidate for Director (Finance) Post at NMDC; Recommends Alternate Route for Selection

Ten Senior Executives Interviewed for Key Role; Ministry Advised to Use Search-Cum-Selection Committee
Indian Masterminds Stories

New Delhi: In a key development, the Public Enterprises Selection Board (PESB) has not recommended any candidate for the crucial position of Director (Finance) at NMDC Limited, following a selection meeting held on July 21, 2025.

Despite interviewing ten senior executives from top public sector enterprises, PESB concluded that none of the candidates met the required benchmark for the role. The board has advised the Administrative Ministry/Department to explore an alternative route, such as forming a Search-Cum-Selection Committee (SCSC) or any other suitable method, with the approval of the competent authority.

Read Also: NMDC’s Director (Finance) Position Remains Vacant Amidst PESB’s Tough Screening

Who Were the Candidates?

The following executives were interviewed for the top finance role:

  • Shanthi P, General Manager (Finance), NMDC Limited
  • Ajay Dwivedi, General Manager – Finance, NMDC Limited
  • Gali Anupama, Chief General Manager & CFO, NMDC Limited
  • Madhurachari Jagdish, General Manager, NMDC Limited
  • Pradip Kumar Mahapatra, Deputy General Manager (Finance), NMDC Limited
  • Surendra Narayan Jena, Deputy General Manager (Finance), NMDC Limited
  • Sanjay Gupta, Group General Manager (Finance), National Aluminium Company Limited
  • Himanshu Sekhar Panda, Group General Manager, National Aluminium Company Limited
  • Ajay Kumar Aggarwal, General Manager (Finance), Bharat Sanchar Nigam Limited
  • Mohan Lal Kumawat, Executive Director (Finance), REC Limited (ECB & Corporate Accounts/Taxation)

Despite their collective experience and credentials, the board opted not to select any candidate, signaling its emphasis on the highest standards of professional competence and suitability for the strategic post.

What’s Next?

The PESB’s recommendation opens the door for the Ministry of Steel (the administrative ministry for NMDC Limited) to invoke the Search-Cum-Selection Committee (SCSC) route or other appropriate methods, after securing approval from the Appointments Committee of the Cabinet (ACC).

This process could potentially widen the pool of applicants by including private sector leaders or senior professionals from beyond traditional PSU hierarchies.

Read Also: PESB Picks Sarada Mohanty as Next CMD of IREL (India) Limited – Know More About Him

Why It Matters

The post of Director (Finance) at NMDC, India’s largest iron ore producer and a Maharatna PSU, plays a pivotal role in financial strategy, capital management, corporate governance, and oversight of large-scale mining operations and investments.

A delay or re-initiation of the selection process indicates the PESB’s commitment to maintaining merit and accountability, especially for leadership roles in critical public sector companies.

About NMDC

NMDC Limited is India’s largest producer of iron ore and operates under the Ministry of Steel. Headquartered in Hyderabad, it plays a pivotal role in meeting the raw material requirements of India’s steel industry and contributes significantly to mineral exploration and development.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Indian Police Services IPS Officer
Punjab Flood Relief: Why IPS Officers Are Donating One Day’s Salary in Unprecedented Generosity
Uttarakhand Flood Cm Dhami
CM Pushkar Singh Dhami Conducts Ground Inspection in Disaster-Hit Areas of Haridwar, Assures Swift Relief Efforts
RVNL
IRSE Officer Sukhmal Chand Jain Takes Over as CMD of RVNL | Career Highlights Inside
CM Yogi
UP Govt Approves Electronics Component Policy 2025: ₹5,000 Cr Investment Target to Boost Local Manufacturing & Create Lakhs of Jobs
Gail Awards 2025
GAIL CMD Sandeep Kumar Gupta Named Best CEO in Extel 2025 Asia Executive Team Survey; Company Shines Across Categories
India Celebrates World Coconut Day Awards
Coconut Development Board Launches Revised Schemes, Presents Export Excellence Awards on World Coconut Day | Complete List of Winners
CM Nitish kumar
Bihar: Nitish Kumar Cabinet Approves Rs 1,121 Daily Allowance for Home Guards & Up to Rs 25,000 Risk Allowance for ATS
Vikram 32 Chip Made in India
India Launches First Indigenous 32-Bit Microprocessor Vikram-32: Key Milestone in Semiconductor Mission | All You Need to Know
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
Decoding Digital Dangers: Insights from IPS Shikha Goel on Cyber Crimes
IPS Mukesh Kumar Bhamoo
Managing Elections, Communal Tensions, and Public Safety – Meet IPS Mukesh Kumar Bhamoo | Video Interview
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
IAS Sakshi Sawhney Amritsar DC
Punjab Floods: IAS Sakshi Sawhney’s Emotional Appeal to Elderly Man Wins Hearts, Video of Humanity Goes Viral
Viral Video Captures Emotional Moment as Amritsar DC Shows Sensitivity and Courage Amid Relief Effor...
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Indian Police Services IPS Officer
Punjab Flood Relief: Why IPS Officers Are Donating One Day’s Salary in Unprecedented Generosity
Uttarakhand Flood Cm Dhami
CM Pushkar Singh Dhami Conducts Ground Inspection in Disaster-Hit Areas of Haridwar, Assures Swift Relief Efforts
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
IPS Mukesh Kumar Bhamoo
WhatsApp Image 2025-08-25 at 13.56
ADVERTISEMENT
ADVERTISEMENT