India Optel Limited Recruitment 2026: Chairman & Managing Director Vacancy | Salary ₹1,80,000–₹3,20,000 | Apply Before 1 December
India Optel Limited (IOL), a Schedule B Central Public Sector Enterprise (CPSE) under the Department of Defence Production, Ministry of Defence, Government of India, has released a recruitment notification for the prestigious position of Chairman & Managing Director (CMD).
The recruitment advertisement, Advertisement No. 01/2026, dated 2 November 2026, invites applications from eligible and experienced professionals for appointment to the top leadership position of the company.
The selected candidate will receive a pay scale of ₹1,80,000–₹3,20,000 (IDA).
This opportunity is intended for senior-level professionals working in Central Public Sector Enterprises, Central Government organisations, State Public Sector Enterprises, private sector companies, joint ventures and other eligible organisations.
Interested candidates should carefully check the eligibility requirements, age limit, employment status, experience criteria and application procedure before submitting their applications.
India Optel Limited Recruitment 2026: Overview
|
Particulars |
Details |
|
Organisation |
India Optel Limited (IOL) |
|
Ministry |
Ministry of Defence |
|
Department |
Department of Defence Production |
|
Advertisement No. |
01/2026 |
|
Advertisement Date |
2 November 2026 |
|
Post Name |
Chairman & Managing Director |
|
CPSE Schedule |
Schedule B |
|
Vacancy |
01 |
|
Pay Scale |
₹1,80,000–₹3,20,000 (IDA) |
|
Job Location |
Dehradun, Uttarakhand |
|
Appointment Period |
5 Years or up to Superannuation or until further orders, whichever is earlier |
|
Application Mode |
Email and Post |
|
Last Date |
1 December 2026 |
|
Application Submission |
Through Proper Channel, wherever applicable |
About India Optel Limited (IOL)
India Optel Limited is a Schedule B Central Public Sector Enterprise functioning under the administrative jurisdiction of the Department of Defence Production, Ministry of Defence.
The company was incorporated under the Companies Act, 2013, and its registered office is situated at OFILDD Campus, Raipur, Dehradun, Uttarakhand.
IOL operates through three production units:
- Ordnance Factory Chandigarh
- Ordnance Factory Dehradun
- Opto-Electronics Factory Dehradun
Major Products Manufactured by IOL
The company manufactures various defence and optical equipment, including:
- Sights for T-90S (BHISHMA).
- Sights for Tank T-72 M1 (AJEYA).
- Sights for ICV BMP-II (SARATH).
- Artillery sights.
- Surveillance sights.
- Assault rifle and small arms sights.
- Cables.
- Commander Thermal Imager.
- Periscopes.
- Optical pod for SRCG.
- INS Sigma 30.
- Un-cooled thermal sight for surveillance.
- Simulated Test & Interrogator Kit (STIK).
As on 31 March 2026, the authorised capital of the company was ₹6,500 crore and paid-up capital was ₹5,958.64 crore.
India Optel Limited Vacancy 2026
The recruitment notification announces the following position:
|
Post Name |
Number of Vacancies |
|
Chairman & Managing Director (CMD) |
01 |
This is a senior-level Board position responsible for providing strategic leadership and ensuring the efficient functioning of the company.
India Optel CMD Salary 2026
The selected candidate will be appointed in the following pay scale:
₹1,80,000–₹3,20,000 (IDA)
This is the prescribed pay scale for the Chairman & Managing Director position in India Optel Limited.
Candidates should note that this is a Board-level leadership appointment and not an entry-level or regular executive recruitment.
India Optel Recruitment 2026: Age Limit
The age eligibility will be determined on the date of occurrence of vacancy (DoV).
The date of vacancy is 1 June 2026.
The age of superannuation is 60 years.
|
Category |
Minimum Age |
Maximum Age |
|
Internal Candidates |
45 Years |
2 years of residual service as on the date of vacancy with reference to superannuation |
|
Other Candidates |
45 Years |
2 years of residual service as on the date of vacancy with reference to superannuation |
Eligible officers of Indian Ordnance Factories Services (IOFS) will be considered internal candidates as specified in the notification.
India Optel CMD Recruitment 2026: Educational Qualification
Applicants must possess any one of the following qualifications:
- Engineering Graduate.
- Chartered Accountant (CA).
- Cost Accountant (CMA).
- Postgraduate degree.
- Graduate with MBA/PGDIM from a leading institute.
Therefore, the recruitment notification includes professional qualifications such as CA and CMA along with engineering, postgraduate and management qualifications.
However, merely possessing the educational qualification does not make a candidate eligible. Applicants must also fulfil the prescribed employment status, experience and pay-scale requirements.
India Optel CMD Recruitment 2026: Experience Required
Applicants must possess cumulative experience or exposure for at least 5 years during the last 10 years in any of the following areas:
- Finance
- Business Development
- Production
- Operations
- Marketing
- Project Management
- Research & Development
The experience should be in an industry of repute.
Alternatively, candidates with cumulative 5 years of experience in HR/IR/Personnel Management must also possess at least 3 years of experience during the last 10 years in any of the above core functional areas.
Preferred Industry Experience
Applicants having experience in the following industries will be preferred:
- Electronics
- Opto-Electronics
- Instrumentation
- Communication Industry
India Optel Recruitment 2026: Employment Eligibility
The applicant must be employed in a regular capacity, and not on a contractual or ad-hoc basis, both on the date of application and on the date of interview.
Eligible employment categories include:
1. Central Public Sector Enterprises (CPSEs)
- Officers working in Central Public Sector Enterprises.
- Full-time functional Directors on the Board of a CPSE.
2. Central Government Organisations
- Group A Officers of the Central Government.
- Armed Forces officers.
- All India Services officers.
- Officers from Public Sector Banks.
- Financial Institutions.
- Autonomous Bodies.
3. State Public Sector Enterprises (SPSEs)
Candidates working in State Public Sector Enterprises having an annual turnover of ₹750 crore or more.
4. Private Sector Companies and Joint Ventures
Eligible candidates working in:
- Private Sector Companies.
- Joint Ventures.
- National and State Level Cooperative Federations.
The prescribed annual turnover threshold is ₹750 crore or more.
For private companies, preference will be given to candidates from listed companies.
The average audited annual turnover of the three financial years preceding the calendar year in which the post is advertised will be considered for applying the approved turnover limits.
India Optel Recruitment 2026: Eligible Pay Scale
Candidates from CPSEs must fulfil the prescribed pay-scale and service requirements.
Eligible IDA pay scales include:
|
Pay Scale |
Applicable Period |
|
₹7,250–8,250 (IDA) |
Pre 01.01.1992 |
|
₹9,500–11,500 (IDA) |
Post 01.01.1992 |
|
₹20,500–26,500 (IDA) |
Post 01.01.1997 |
|
₹51,300–73,000 (IDA) |
Post 01.01.2007 |
|
₹1,20,000–2,80,000 (IDA) |
Post 01.01.2017 |
Eligible CDA pay scales include:
- ₹18,400–22,400 (CDA), pre-revised post 01.01.1996.
- ₹37,400–67,000 + GP ₹10,000 (CDA), post 01.01.2006.
- ₹1,44,200–2,18,200, Level 14 CDA, post 01.01.2016.
Minimum Length of Service
- Internal candidates: Minimum one year in the eligible pay scale.
- Other candidates: Minimum two years in the eligible pay scale.
These service requirements are applicable as on the date of vacancy.
Special Eligibility Conditions for Different Categories
The notification also prescribes additional conditions for applicants from different organisations.
Central Government Group A Officers: Must hold a post at the level of Joint Secretary to the Government of India or an equivalent substantive pay scale.
Public Sector Banks/Financial Institutions: Applicants should have been at Board level for one year on the date of application.
Armed Forces: Applicants should hold a post equivalent to Major General in the Army or the corresponding rank in the Navy or Air Force.
State PSEs, Private Companies, JVs and Federations: Applicants should be working at Board level on the date of application.
Internal Candidates: Eligible officers of Indian Ordnance Factories Services (IOFS) will be treated as internal candidates.
Condition of Immediate Absorption
Central Government officers, including Armed Forces officers, All India Services officers and officers from Public Sector Banks, Financial Institutions and Autonomous Bodies, will be eligible for consideration only on an immediate absorption basis.
This condition should be carefully examined by candidates before applying.
India Optel CMD Appointment Period
The appointment will be for:
5 years from the date of joining, or up to the date of superannuation, or until further orders, whichever is earlier.
This is a Board-level appointment under a Central Public Sector Enterprise.
India Optel Recruitment 2026: Selection Process
The selection will be conducted through the Search-cum-Selection Committee (SCSC) procedure.
The committee reserves the right to shortlist applicants for interviews.
The selection process will involve scrutiny of applications and consideration of eligible candidates by the Search-cum-Selection Committee.
India Optel CMD Recruitment 2026: How to Apply?
Candidates must submit their applications through email as well as by post, following the prescribed application format (Annexure A).
Email Address:
Application Through Proper Channel
The application forwarding procedure differs according to the candidate's current organisation.
|
Candidate Category |
Application Forwarding Authority |
|
Group A Central Government Officers, Armed Forces and All India Services |
Cadre Controlling Authority |
|
Public Sector Banks, Financial Institutions and Autonomous Bodies |
Administrative Ministry/Department of Government of India |
|
CMDs/MDs/Functional Directors in CPSEs |
Concerned Administrative Ministry |
|
Below Board Level in CPSEs |
Concerned CPSE |
|
CMDs/MDs/Functional Directors in State PSEs |
Concerned Administrative Secretary and Cadre Controlling Authority, if any |
Additional Documents for Private Sector Candidates
Applicants from the private sector must submit their applications directly to the Department of Defence Production, Ministry of Defence, along with:
- Annual reports of the company for the three relevant financial years.
- Details regarding whether the company is listed or unlisted, with documentary evidence if listed.
- Evidence of working at Board level.
- Self-attested documents supporting age and educational qualifications.
- Details of relevant jobs handled in the past.
Candidates should also ensure that all required documents and information are complete.
India Optel Recruitment 2026: Application Address
Applications are to be addressed to:
Shri Tushar Kodap
Joint Director
Management & Policy Division, DoO (C&S)
Department of Defence Production
Ministry of Defence, Government of India
Room No. 701, 'C' Block, 7th Floor
Defence Office Complex, K.G. Marg
New Delhi – 110001
Candidates should follow the application format and submission instructions provided in the official notification.
India Optel Recruitment 2026: Important Dates
|
Event |
Date |
|
Date of Vacancy |
01 June 2026 |
|
Advertisement Date |
02 November 2026 |
|
Last Date for Receipt of Complete Application |
01 December 2026 |
|
Last Submission Time |
05:00 PM |
Important: The last date/time for receipt of the complete application duly forwarded to the Department of Defence Production, Ministry of Defence, is 1 December 2026 at 5:00 PM.
The notification specifies a total timeline of 30 days for receipt of applications, including the prescribed forwarding and verification process.
Late or incomplete applications will be rejected.
Important Conditions for Candidates
Candidates must carefully read the following conditions:
- Applicants must submit an undertaking confirming their willingness to join the position if selected.
- Applications must be forwarded through the appropriate channel wherever applicable.
- Candidates must be clear from the vigilance angle as per applicable guidelines.
- The vigilance profile in the prescribed proforma must be attached.
- Candidates may apply multiple times in a calendar year but can appear in selection meetings only three times during that calendar year.
- Candidates from Central Government organisations and specified other categories will be considered on an immediate absorption basis.
Important Debarment Condition
Candidates who convey unwillingness to join after the interview or after issuance of the appointment offer may be debarred for two years from consideration for specified Board-level CPSE positions.
The applicable conditions differ according to whether the candidate belongs to a CPSE, SPSE, private sector or Central Government organisation.
Candidates should read the official notification carefully before submitting the undertaking.
Is India Optel Recruitment 2026 Suitable for CA and CMA Candidates?
Yes, the educational qualification criteria specifically include Chartered Accountants and Cost Accountants.
However, this recruitment is intended for highly experienced senior professionals and is not an entry-level opportunity for fresh CA or CMA candidates.
Candidates must fulfil the following conditions:
- Must possess the prescribed educational qualification.
- Must have the required cumulative professional experience.
- Must be employed in a regular capacity in an eligible organisation.
- Must fulfil the applicable pay-scale and service requirements.
- Must satisfy the Board-level or equivalent employment conditions applicable to their category.
Therefore, experienced CA and CMA professionals working in eligible organisations may examine this opportunity.
Prepare for PSU Finance and Government Finance Jobs with Finance Career
Finance Career provides exam-oriented preparation resources for candidates targeting PSU Finance, Accounts Officer, Management Trainee (Finance), Assistant Manager Finance and other Government Finance recruitment examinations.
Finance Career offers:
- Professional Knowledge Video Lectures.
- Chapter-wise MCQ Practice.
- Exam-oriented Study Notes.
- PSU Previous Year Question Papers.
- Full-Length Mock Test Series.
- Reasoning, Quantitative Aptitude and English Practice.
- General Awareness and Current Affairs Preparation.
Visit the official website:
Join Finance Career to stay updated with PSU Finance and Accounts recruitment notifications, preparation resources and mock test series.
Frequently Asked Questions (FAQs)
Q1. Which organisation has announced CMD Recruitment 2026?
India Optel Limited (IOL), a Schedule B CPSE under the Ministry of Defence, has announced the recruitment.
Q2. Which post is advertised under India Optel Recruitment 2026?
The advertised position is Chairman & Managing Director (CMD).
Q3. How many vacancies are available?
There is one vacancy for the Chairman & Managing Director position.
Q4. What is the salary of the CMD at India Optel Limited?
The prescribed pay scale is ₹1,80,000–₹3,20,000 (IDA).
Q5. Can CA candidates apply?
Yes. Chartered Accountants are included in the prescribed educational qualifications, subject to fulfilment of all other eligibility conditions.
Q6. Can CMA candidates apply?
Yes. Cost Accountants are included in the prescribed educational qualifications, subject to fulfilment of experience, employment and other conditions.
Q7. What is the date of vacancy?
The date of vacancy is 1 June 2026.
Q8. What is the appointment period?
The appointment will be for five years from joining, or until superannuation, or until further orders, whichever is earlier.
Q9. What is the last date to apply?
The last date for receipt of the complete application duly forwarded to the Department of Defence Production is 1 December 2026 by 5:00 PM.
Q10. What is the application mode?
Applications must be submitted through email and by post in the prescribed format, following the applicable forwarding procedure.
Q11. Can freshers apply for this recruitment?
No. The position requires substantial professional experience, eligible employment status and applicable pay-scale or Board-level requirements.
Q12. Is this a permanent government job?
This is a five-year Board-level appointment, subject to the conditions specified in the official notification. It is not a regular entry-level recruitment.
Conclusion
India Optel Limited Recruitment 2026 offers a prestigious leadership opportunity for experienced professionals interested in heading a Schedule B Central Public Sector Enterprise under the Ministry of Defence.
The recruitment is open to eligible professionals from engineering, CA, CMA, postgraduate and management backgrounds, provided they fulfil the prescribed experience, employment status and pay-scale requirements.
With a pay scale of ₹1,80,000–₹3,20,000 (IDA), this is an important opportunity for eligible senior-level professionals.
Interested applicants should carefully review Advertisement No. 01/2026 and ensure that their complete applications reach the Department of Defence Production by 1 December 2026, 5:00 PM.
For more PSU recruitment updates, Finance Jobs, Accounts Jobs, Government Job Notifications and exam preparation resources, stay connected with Finance Career.
Official Notification: India Optel Limited CMD Job Description, Advertisement No. 01/2026, dated 2 November 2026.
|
Follow Me |
|
|
YOUTUBE |
|
|
Telegram Discussion Group |
|
|
Telegram Vacancy update Group |
|
|
|
|
|
WhatsApp Discussion Group |
|
|
WhatsApp Vacancy update Group |
|
|
WhatsApp Channel |
|
|
|
|
|
Important Links |
|
|
To Download Notification 2026 PDF |
|
|
Apply for Jobs |
|
