India Optel Recruitment 2024: India Optel Limited (IOL), a PSU under the Ministry of Defence, has released a job notification for the engagement of Chairman & Managing Director (CMD). Eligible and interested candidates can apply for the job before May 8. The CMD post in IOL is vacant since April 10.
The CMD is the Chief Executive of the Corporation and accountable toits Board of Directors and Government. He/ She is responsible for the efficient functioning of the corporation for achieving its corporate objectives and performance parameters. CMD is required to liaise and keep contacts with the important customers and various Central Government Authorities, particularly the Department of Defence Production, Ministry of Defence and Defence Research & Development Organization. CMD is also required to maintain close liaison with appropriate levels in the three Service Headquarters regarding the ongoing Defence projects and to develop further business in Electronics and Optical Engineering Industry.
Pay scale: Rs 1,80,000 – 3,20,000 (IDA)
Age Limit: Minimum age limit 45 years and age of superannuation 60 years
The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of the vacancy.
Employment Status
The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:
(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) Central Government Group 'A' Officers including the Armed Forces of the Union and All India Services and officers from Public Sector Banks/ Financial Institutions/ Autonomous Bodies, etc;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 750 crore or more;
(d) Private Sector in company where the annual turnover is *Rs.750 crore or more. Preference would be given to candidates from listed Companies.
(*The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits)
Educational Qualifications
The applicant should be an Engineering graduate or Chartered Accountant or Cost Accountant or Post Graduate or Graduate with MBA or PGDIM from a leading Institute.
Work Experience
The applicant should possess cumulative experience/ exposure for at least five years during the last 10 years in Finance or Business Development or Production or Operations or Marketing or Project Management in a large organisation of repute.
Applicants with experience in Electronics & Communication Industry will have an added advantage.
During of the appointment
The appointment shall be for a period of five years from the date of joining or upto the date of superannuation or until further orders, whichever is earlier.
Click here to read the full advertisement.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)