Railway PSU MRVC Seeks Director (Finance) – Big Leadership Role
Apply for a senior financial management position in CPSEs. Eligible candidates must submit applications online through PESB by September 15, 2025.
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Mumbai Railway Vikas Corporation Limited (MRVC)
Mumbai, August 19, 2025: Mumbai Railway Vikas Corporation Limited (MRVC), a public sector company under the Ministry of Railways, has announced a vacancy for the position of Director (Finance). This role offers the chance to lead the finance and accounts functions of a major urban transport organization in Mumbai.
Role Overview
The Director (Finance) will report to the Chairman and Managing Director. They will handle financial planning, budgeting, costing, financial control, and compliance with laws. This role also includes creating policies and implementing finance-related initiatives.
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Eligibility Criteria
Age: 45 to 60 years, based on residual service.
Employment: Candidates must work in a regular role in CPSEs, in Central or State Government Group ‘A’ services, in public sector banks, financial institutions, autonomous bodies, or in private sector companies with a turnover of Rs. 1,500 crore or more. Preference is given to candidates from listed companies.
Qualification: Candidates should be a Chartered Accountant, Cost Accountant, or have an MBA/PGDM in Finance, although there are exceptions for some government officers with relevant experience.
Experience: A minimum of five years at a senior level in corporate financial management or accounting in the past ten years is required.
Compensation and Tenure
The position offers an IDA pay scale of Rs. 1,80,000 to 3,40,000. The appointment will last for five years or until retirement, whichever comes first.
How to Apply
Applicants must submit their applications online through the PESB website (https://pesb.gov.in/). The deadline for submission is September 15, 2025. Nodal officers will forward applications by September 24, 2025. Late or incomplete applications will not be accepted.
Important Note: Candidates must agree to join if selected. Refusing after the interview or offer may result in a two-year ban from Board-level positions in CPSEs.
Contact: Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003.
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Established on July 12, 1999, MRVC aims to develop top-notch infrastructure for an efficient, safe, and sustainable suburban railway system in Mumbai. The company combines enhancements to suburban rail capacity with the city’s urban development plans and manages rail infrastructure projects. MRVC is a Schedule-A CPSE with its corporate and registered office located in Mumbai. As of March 31, 2025, it employed 126 staff members. The Government of India owns a 51% stake, while the Government of Maharashtra holds 49%.