SPMCIL Recruitment 2024 Director Vacancies Out, Check Salary, Qualification, Age Limit and How to Apply

SPMCIL Recruitment 2024 presents a sought-after chance for applicants to secure the Director (Finance) position in a significant role under the Ministry of Finance, offering competitive pay and requiring applications by July 1, 2024.

by Kowsalya | Updated Jun 05, 2024

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SPMCIL Recruitment 2024

The Security Printing & Minting Corporation of India Limited (SPMCIL) is seeking applications for the position of Director (Finance). This position is a key role in the company, which is classified under Schedule A of Central Public Sector Enterprises (CPSEs).

The pay scale for this post is between Rs. 180,000 and Rs. 340,000 (IDA). The job opening was announced on June 3, 2024. The selected candidate will start their tenure on February 1, 2025. Interested applicants must submit their applications by July 1, 2024, no later than 3:00 PM. Here is the official PDF for SPMCIL Recruitment 2024.

Details	Information
Name	Security Printing and Minting Corporation of India Limited (SPMCIL)
Category	Miniratna Category-I, Schedule-A, CPSE
Administrative Control	Ministry of Finance
Location	Delhi
Employees	5752 (Executives: 373, Non-executives: 5379) as of 31.03.2024
Authorized Capital	Rs. 2500 crore
Paid-up Capital	Rs. 987.50 crore
Government Shareholding	100% as of 31.03.2024

Eligibility Criteria

Age Requirement:

Minimum: 45 years.

Maximum:

Internal: 2 years residual service before superannuation.
External: 3 years residual service before superannuation.

Employment Status:

Must be in a regular capacity (not contractual/ad-hoc) in:

CPSE
Central Government Group 'A' Officers, Armed Forces, All India Services
SPSE with annual turnover of Rs. 2,000 crore or more
Private sector company with annual turnover of Rs. 2,000 crore or more

Educational Qualifications:

Chartered Accountant, Cost Accountant, or full-time MBA/PGDM in Finance
Group 'A' Accounts Services officers are exempted

Experience:

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

Pay Scale and Position:

Must hold a position equivalent to Joint Secretary in Govt. of India or similar levels in eligible organizations

Selection Process

The Director (Finance) selection process at SPMCIL involves multiple steps to ensure the most qualified candidate is chosen. This includes application submission, eligibility verification, shortlisting, and a final interview conducted by the Public Enterprises Selection Board (PESB).

Application Submission:

Submit applications online via the PESB website.
Applications must be routed through proper channels as specified (e.g., Cadre Controlling authority, Administrative Ministry/Department).

Eligibility Verification:

PESB verifies eligibility based on the criteria mentioned (age, employment status, qualifications, experience, and pay scale).

Shortlisting:

PESB shortlists candidates based on eligibility and relevance of experience.
Preference is given to candidates from listed companies.

Interview:

Shortlisted candidates are called for an interview by PESB.
The interview assesses candidates' suitability for the role.

Debarment:

Candidates unwilling to join after the interview or after receiving an offer are debarred for two years from applying for any board-level post in CPSEs.

Final Selection:

PESB selects the most suitable candidate.
Appointment is for five years or until superannuation or further orders.

How to Apply?

To apply, submit your application online following the provided format and guidelines. Ensure all required documents are included and meet the submission deadline.

Visit Official Site

Go to the official website and fill out the application form.

Online Submission:

Complete the application form online according to the provided format.

Submission Channels:

Central Government Officers: Through Cadre Controlling authority.
Officers from Public Sector Banks/Financial Institutions/Autonomous Bodies: Through their Administrative Ministry/Department.
CMDs/MDs/Functional Directors in CPSE: Through the concerned Administrative Ministry.
Below Board level in CPSE: Through the concerned CPSE.
CMDs/MDs/Functional Directors in State PSE: Through the concerned Administrative Secretary.
Below Board level in SPSE: Through the concerned SPSE.
Private Sector: Directly to the PESB.

Documents Required (for Private Sector Applicants):

Annual Reports of the Company for the last 3 financial years.
Proof of listing status of the company.
Evidence of working at Board level or equivalent.
Self-attested copies of age and qualification documents.
Details of relevant past jobs handled.

Submission Methods:

Fill out and forward the form online.
Alternatively, fill it out online, print it, and send it offline.

Shortlisting:

The board reserves the right to shortlist candidates for the interview.

Address for Application:

Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003.

SPMCIL

The Security Printing and Minting Corporation of India Ltd. (SPMCIL) is a government-owned entity operating under the Ministry of Finance. Established in 2006, it oversees the printing and minting of various government documents and currency.

With headquarters in New Delhi, SPMCIL manufactures currency notes, non-judicial stamp papers, security products, and coins, among other items. It also manages subsidiaries like the Bank Note Paper Mill India. SPMCIL plays a crucial role in ensuring the security and authenticity of government documents and currency in India. Through its nine units, including mints, presses, and a paper mill, SPMCIL contributes to the nation's financial infrastructure and security measures

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SPMCIL Recruitment 2024 Director Vacancies Out, Check Salary, Qualification, Age Limit and How to Apply