MAHAVITARAN Recruitment 2025: 120 Manager, Senior Manager & Deputy Manager (F&A) Posts
A significant opportunity for experienced Finance & Accounts professionals to join India's largest power distribution utility. Online applications are expected to start in the second week of July 2025.
Maharashtra State Electricity Distribution Company Limited (MSEDCL), widely known as MAHAVITARAN, has released a major recruitment notification (Advertisement No: 03/2025) for experienced and talented professionals in the field of Finance & Accounts. As India's largest power distribution company, serving over 2.70 crore consumers with a workforce of more than 81,000 employees, MAHAVITARAN has invited applications for a total of 120 posts of Senior Manager, Manager, and Deputy Manager (F&A).
This recruitment drive presents a fantastic opportunity for qualified CA/ICWA (CMA) and M.Com/MBA (Finance) professionals who are seeking a challenging and rewarding career in Maharashtra's energy sector. With an annual revenue exceeding one lakh crore rupees, MAHAVITARAN provides a vast platform for growth and excellence for its employees. This recruitment is being conducted to fill senior management level positions under Pay Group-I and Pay Group-II.
The selection process will be based on an online examination followed by a personal interview. Interested and eligible candidates will be able to apply online through the company's official website, www.mahadiscom.in, from the second week of July 2025. This article will provide you with all the essential information regarding this recruitment, including post-wise vacancies, pay scale, educational qualifications, age limit, selection process, and how to apply.
MAHAVITARAN Recruitment 2025 Important Points
Here is a quick overview of the essential details regarding this recruitment drive. Candidates are advised to take note of the important dates and other key information to ensure a smooth application process.
| Particulars | Details |
|---|---|
| Recruiting Organization | Maharashtra State Electricity Distribution Company Limited (MAHAVITARAN / MSEDCL) |
| Post Names | Senior Manager (F&A), Manager (F&A), Deputy Manager (F&A) |
| Total Vacancies | 120 |
| Application Mode | Online |
| Estimated Application Dates | Second week of July 2025 |
| Job Location | Maharashtra |
Vacancy Details and Post Breakdown
MAHAVITARAN has announced a total of 120 posts at various management levels in the Finance and Accounts department. These vacancies are divided into different social and horizontal reservation categories.
| Post Name | Pay Group | Number of Posts |
|---|---|---|
| Senior Manager (F&A) | I | 13 |
| Manager (F&A) | I | 25 |
| Deputy Manager (F&A) | II | 82 |
| Grand Total | 120 | |
Application Fee Details
Candidates are required to pay a non-refundable application fee through online mode only.
| Category | Application Fee (exclusive of GST) |
|---|---|
| Open Category / Applying against Open Category | ₹ 500/- + GST |
| Reserved Category / Orphan | ₹ 250/- + GST |
| Persons with Disabilities (PwD) | No Fee |
Eligibility Criteria: Educational Qualification & Experience
Each post requires specific educational qualifications and post-qualification experience. All qualifications and experience must be completed as of the date of publication of the advertisement, i.e., 27/06/2025.
| Post Name | Educational Qualification | Required Experience |
|---|---|---|
| Senior Manager (F&A) | CA / ICWA (CMA) Final Pass. | 7 years of post-qualification experience in Finance/Accounts/Audit, out of which 3 years should be as Deputy Manager (F&A) including 1 year as Manager (F&A). OR 2 years of experience as Manager (F&A). |
| Manager (F&A) | CA / ICWA (CMA) Final Pass. (For MSEDCL employees: B.Com and MBA (Finance) or M.Com) |
3 years of post-qualification experience in Finance/Accounts/Audit, with at least 2 years of experience as a Deputy Manager (F&A) or equivalent. |
| Deputy Manager (F&A) | CA / ICWA (CMA) / M.Com. OR B.Com and MBA (Finance). | One year of post-qualification experience in Finance/Accounts/Audit. |
Age Limit (as on 27/06/2025)
The age of the candidates will be calculated as of 27/06/2025. Candidates from reserved categories will be given relaxation in the upper age limit as per the rules of the Government of Maharashtra.
| Post Name | Maximum Age Limit |
|---|---|
| Senior Manager (F&A) and Manager (F&A) | 40 years |
| Deputy Manager (F&A) | 35 years |
Upper Age Limit Relaxation:
- Backward Classes: 5 years
- Persons with Disabilities (PwD): Up to 45 years
- Meritorious Sportspersons: 5 years (up to a maximum age of 43 years)
- Orphans: 5 years
- Departmental candidates of MSEDCL: Up to 57 years
Selection Process
The selection of candidates will be based on their performance in a competitive online examination followed by a personal interview.
- Online Examination:
- All eligible candidates will have to appear for an online objective test. The total duration of the exam will be 120 minutes.
- Negative Marking: For every wrong answer, 1/4th (0.25) of the marks assigned to that question will be deducted.
- Minimum Qualifying Marks: 40% for the Open category and 30% for reserved categories.
- Personal Interview:
- Based on their performance in the online test, candidates will be shortlisted for a personal interview in a 1:3 ratio.
- Final Merit List:
- The final selection list will be prepared by giving 90% weightage to the performance in the online test and 10% weightage to the interview.
Exam Pattern and Detailed Syllabus
A clear understanding of the exam structure is vital for creating an effective preparation strategy. The online test will assess both professional knowledge and general aptitude.
Online Examination Pattern
| Subject | Questions | Marks | Duration |
|---|---|---|---|
| Professional Knowledge | 50 | 110 | Composite 120 Minutes |
| Test of Reasoning | 40 | 20 | |
| Test of Quantitative Aptitude | 20 | 10 | |
| Test of Marathi Language | 20 | 10 | |
| Total | 130 | 150 |
Syllabus (Expected)
- Professional Knowledge (110 Marks): This is the most crucial section. The syllabus will be comprehensive and based on the curriculum of CA/ICWA(CMA)/M.Com/MBA(Finance). Key topics include:
- Financial Accounting: Accounting Standards (Ind AS), Final Accounts of Companies, Cash Flow Statements, Financial Statement Analysis.
- Cost & Management Accounting: Costing Methods (Job, Process, Contract), Standard Costing, Marginal Costing, Budgetary Control.
- Auditing & Assurance: Auditing Standards, Internal Control, Vouching, Verification of Assets & Liabilities, Company Audit.
- Taxation: Direct Taxes (Income Tax Act) and Indirect Taxes (GST).
- Corporate & Other Laws: Companies Act, 2013, Contract Act, etc.
- Financial Management: Capital Budgeting, Working Capital Management, Cost of Capital, Capital Structure Theories, Ratio Analysis.
- Reasoning (20 Marks): Puzzles, Seating Arrangements, Syllogism, Blood Relations, Coding-Decoding, Inequality, Direction Sense.
- Quantitative Aptitude (10 Marks): Data Interpretation (Charts, Graphs), Simplification/Approximation, Number Series, Percentage, Profit & Loss.
- Marathi Language (10 Marks): Grammar, Vocabulary, Comprehension, Sentence Correction. This section is to test proficiency in the state's official language.
Physical Efficiency Test (PET)
There is no Physical Efficiency Test (PET) or any physical standard requirement for these managerial posts in the Finance & Accounts department. The selection is based entirely on the candidate's performance in the online test and interview.
How to Prepare for the MAHAVITARAN Exam
Success in this competitive exam requires a well-thought-out strategy focusing on both professional knowledge and aptitude.
- Master Your Professional Knowledge: This section carries over 70% of the marks. Revise your core concepts from your CA/ICWA/M.Com/MBA studies. Focus on practical application and recent amendments in laws and accounting standards.
- Practice Aptitude Questions: Although the weightage is lower, these sections can be scoring. Dedicate regular time to practicing Reasoning and Quantitative Aptitude questions from standard banking or PSU exam preparation books.
- Strengthen Marathi Language Skills: For non-native speakers, this section can be challenging. Practice with previous years' papers from Maharashtra state-level exams and focus on basic grammar and vocabulary.
- Time Management is Key: You have 120 minutes to solve 130 questions. Practice with timed mock tests to improve your speed and accuracy. Develop a strategy to attempt the sections based on your strengths.
- Interview Preparation: Prepare for questions related to your work experience, technical knowledge, the power sector in India, and MAHAVITARAN's business operations.
Best Books for Preparation
Here is a list of recommended books and resources for your preparation:
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How to Apply for MAHAVITARAN Recruitment
The application process is entirely online. Candidates must apply through the official MAHAVITARAN website.
- Visit the official MAHAVITARAN website: www.mahadiscom.in.
- Go to the "Careers" or "Latest News and Announcement" section and click on the link related to Advertisement No. 03/2025.
- Click on the "APPLY ONLINE" option.
- If you are a new user, click on "CLICK HERE FOR NEW REGISTRATION" and enter your name, contact details, and email ID. A provisional registration number and password will be generated.
- Log in with the registration number and password and fill out the detailed application form.
- Scan and upload your photograph, signature, left thumb impression, and a handwritten declaration.
- Save and verify the details entered in the application form using the "SAVE AND NEXT" button.
- Carefully check all details before clicking on "COMPLETE REGISTRATION."
- Proceed to the "PAYMENT" tab and pay the application fee online as per your category.
- Take a printout of the e-receipt and the final application form after successful payment.
Documents Needed to Apply
Candidates should keep scanned copies of the following documents ready before starting the online application process:
- Recent Passport-size Photograph.
- Signature.
- Left Thumb Impression.
- A handwritten declaration in the prescribed format.
- Educational Qualification Certificates (CA/ICWA/M.Com/MBA, etc.).
- Post-Qualification Experience Certificates.
- Domicile Certificate of Maharashtra.
- Caste Certificate and Caste Validity Certificate (if applicable).
- Non-Creamy Layer Certificate (if applicable).
Important Links
| Link Type | Link |
|---|---|
| Download Official Notification | Click Here |
| Apply Online | Click Here (Active from July 2025) |
| Official Website | https://www.mahadiscom.in |
Frequently Asked Questions (FAQs)
- Question 1: When will the application for MAHAVITARAN recruitment begin?
Online registration and application are expected to begin in the second week of July 2025.
- Question 2: Can candidates from outside Maharashtra apply?
No, a Domicile of Maharashtra is mandatory to be eligible for this recruitment.
- Question 3: What is the selection process?
The selection process includes an online examination followed by a personal interview. The final selection will have a 90% weightage for the online test and a 10% weightage for the interview.
- Question 4: Is there negative marking in the exam?
Yes, there will be a deduction of 0.25 marks for every incorrect answer in the online examination.
- Question 5: Can freshers apply for these posts?
No, post-qualification experience ranging from a minimum of one year to seven years is required for all posts.
