Maharashtra State Power Generation Company Limited (MAHAGENCO) has released a major PSU recruitment notification for Finance & Accounts professionals including CA, CMA (ICWA), MBA Finance and M.Com candidates.
Multiple senior-level posts from Deputy Manager to General Manager are available.
📅 Last Date: 20 March 2026
This is a golden opportunity for candidates aiming for State PSU Finance Career with high salary & long-term stability.
📊 Vacancy Details
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Qualification |
Experience |
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General Manager (F&A) |
CA/CMA |
10 years |
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Assistant General Manager (F&A) |
CA/CMA |
8 years |
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Senior Manager (F&A) |
CA/CMA |
5 years |
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Manager (F&A) |
CA/CMA |
1 year |
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Deputy Manager (F&A) |
Inter CA/CMA OR MBA Finance/M.Com |
1–3 years |
💰 Salary (Pay Scale)
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Post |
Pay Scale |
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General Manager |
₹1.24L – ₹2.56L |
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Assistant GM |
₹1.02L – ₹2.28L |
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Senior Manager |
₹97K – ₹2.09L |
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Manager |
₹73K – ₹1.66L |
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Deputy Manager |
₹54K – ₹1.42L |
👉 Plus DA + HRA + PSU Benefits + Pension + Medical
🎓 Eligibility
Education
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CA / CMA (Final)
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Inter CA / Inter CMA
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MBA Finance
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M.Com
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Related Blogs |
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Latest Vacancy |
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Exam Dates |
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PSU Syllabus |
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PSU F&A Previous Year Question Papers |
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Age Limit
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Post |
Max Age |
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GM |
48 yrs |
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AGM/Sr Manager/Manager |
40 yrs |
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Dy Manager |
38 yrs |
(Reserved categories get relaxation)
🧪 Selection Process
For Manager & Deputy Manager
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Online Test
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Interview
For Senior Posts
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Assessment Centre (GD + Case Study + Presentation)
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Interview
📝 Application Fees
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Open: ₹800 + GST
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Reserved: ₹600 + GST
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PwBD: No fees
🧠 Why This Job Is Important
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State PSU Job Security
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Huge salary growth
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Finance leadership role
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Ideal for experienced professionals
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Promotion upto Director level possible
📌 Important Dates
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Apply Start: 20 Feb 2026
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Last Date: 20 March 2026
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Follow Me |
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YOUTUBE |
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Telegram Discussion Group |
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Telegram Vacancy update Group |
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WhatsApp Discussion Group |
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WhatsApp Vacancy update Group |
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WhatsApp Channel |
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Important Links |
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To Download Notification 2026 PDF |
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Apply for Jobs |
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❓ FAQ
Q1. Who can apply for MAHAGENCO Finance Recruitment?
CA, CMA, MBA Finance and M.Com candidates.
Q2. Is this a permanent PSU job?
Yes, regular State Government PSU job.
Q3. Is there an exam?
Yes — Online Test for Manager/Dy Manager and Assessment Centre for senior posts.
Q4. Freshers eligible?
No. Minimum 1 year experience required.
Q5. Salary?
Up to ₹2.5 lakh per month depending on post.
Q6. Location?
Maharashtra (power generation units & corporate offices).
