IOL Chairman & Managing Director Recruitment 2026 – Apply Online

India Optel Limited has advertised its top post, Chairman & Managing Director, in the scale of Rs. 180000-320000 (IDA). This is a senior selection: applicants must be at least 45 and already hold a regular post at the required level in a government body, public sector enterprise or large company. Complete applications must reach the Department of Defence Production by 17:00 hours on 1 December 2026. Applicants going through a proper channel should work to an earlier date, because the notice allows them up to 21 days from the advertisement.

IOL Chairman & Managing Director Recruitment 2026 Overview

The official notification does not specify the application fee.

About IOL

India Optel Limited is a Schedule B Central Public Sector Enterprise under the administrative jurisdiction of the Department of Defence Production, Ministry of Defence, with its registered office at OFILDD Campus, Raipur, Dehradun-248008. It has 3 production units: Ordnance Factory Chandigarh, Ordnance Factory Dehradun and Opto-Electronics Factory Dehradun. Its products include sights for T-90S (BHISHMA), Tank T-72 M1 (AJEYA) and ICV BMP-II (SARATH), along with artillery and surveillance sights, assault rifle and small arms sights, cables, the Commander Thermal Imager and periscopes. As on 31 March 2026, its authorized and paid up capital stood at Rs. 6500 Crores and Rs. 5958.64 Crores, with 04 regular employees at Board of Director level and 2275 employees on deemed deputation.

IOL Chairman & Managing Director Vacancy Details 2026

The vacancy arose on 1 June 2026.

Job Role and Responsibilities

The Chairman & Managing Director is the Chief Executive of the company, accountable to the Board of Directors and the Government of India, and responsible for its efficient functioning and for meeting its corporate objectives and performance parameters.

• Liaise with important customers and Central Government Authorities, particularly the Department of Defence Production and the Defence Research & Development Organization.
• Maintain close liaison with the three Service Headquarters on ongoing Defence projects, and develop further business in night vision and laser sighting devices.
• Liaise with State Government Authorities, heads of other Public Sector Undertakings, customers, collaborators, and commercial and financial institutions.
• Provide overall leadership on indigenization and import substitution, exports, business development and marketing, defence production, modernization, R&D and innovation.

IOL Chairman & Managing Director Eligibility 2026

Age Limit

Age is counted on the date of occurrence of vacancy, and the age of superannuation is 60 years. The same limits apply to internal candidates and others.

Educational Qualification

The applicant should be an Engineering Graduate/ Chartered Accountant/ Cost Accountant/ Post Graduate/Graduate with MBA/ PGDIM from a leading institute.

Mandatory Experience

The applicant should meet one of these two requirements:

• Cumulative experience/exposure for at least 5 years during the last 10 years in Finance, Business Development, Production, Operations, Marketing, Project Management or Research & Development in an Industry of repute.
• Cumulative 5 years of experience in HR/IR/Personnel Management, along with at least 3 years experience during the last 10 years in any of the above core areas.

Preferred

Applicants with experience in the Electronics/Opto-Electronics/Instrumentation/Communication Industry will be preferred.

Employment Status

On both the date of application and the date of interview, the applicant must be employed in a regular capacity, not a contractual or ad-hoc one, in one of the following:

• A Central Public Sector Enterprise, including as a full-time functional Director on its Board.
• Central Government Group ‘A’ service, including the Armed Forces of the Union and All India Services, or a Public Sector bank, Financial Institution or Autonomous Body.
• A State Public Sector Enterprise with annual turnover of Rs 750 Crore or more.
• A Private Sector Company, Joint Venture or National or State Level Cooperative Federation with annual turnover of Rs. 750 crore or more.

Turnover is the average audited annual turnover of the three financial years preceding the calendar year of the advertisement. Preference would be given to candidates from listed companies among private company applicants. Applicants from private companies, JVs and federations will be arranged in order of the annual turnover of these entities.

Eligible Pay Scales for CPSE Applicants

The minimum service required in the eligible scale is one year for internal candidates and two years for others as on the date of vacancy. Eligible officers of the Indian Ordnance Factories Services are treated as internal candidates.

Level Required for Other Applicants

See the official notification for the discipline-specific eligibility of this post.

Important Dates

Selection Process

Selection is through the Search-cum-Selection Committee procedure as approved by ACC. The Committee reserves the right to shortlist applicants for interview.

Service Conditions

• The appointment shall be for 5 years from the date of joining, or up to the date of superannuation, or until further orders, whichever is earlier.
• Central Government officers, including those of the Armed Forces of the Union and All India Services, and officers from Public Sector Banks, Financial Institutions and Autonomous Bodies, will be considered only on immediate absorption basis.

How to Apply for IOL Chairman & Managing Director Recruitment 2026

1. Fill in the application in the format attached to the notice as Annexure A, including the undertaking that you will join the post if selected. An application without this undertaking would be rejected.
2. Send the application by e-mail to [email protected] as well as by post.
3. Route it through the proper channel shown in the table below. Private sector applicants apply directly to DDP/MoD.
4. Address the postal copy to: Shri Tushar Kodap, Joint Director, Management & Policy Division, DoO (C&S), Department of Defence Production, Ministry of Defence, Govt. of India, Room No 701, ‘C’ Block, 7th Floor, Defence Office complex, K.G.Marg, New Delhi-110001.
5. Make sure the complete, duly forwarded application reaches DDP/MoD before the deadline. Incomplete or late applications shall be rejected.

Documents for Private Sector Applicants

• Annual Reports of the current company for the 3 financial years preceding the calendar year of the advertisement (URL or copies).
• Whether the company is listed and, if so, documentary proof (URL or copies).
• Evidence of working at Board level.
• Self-attested copies of documents in support of age and qualifications.
• Relevant jobs handled in the past, with details.

Vigilance Clearance

The cadre controlling or competent authority should forward applications only of those who are clear from the vigilance angle, under DPE guidelines, the latest being OM No. F. No. 15(2)/2001-DPE(GM)-FTS-4199 dtd. 28.10.2025. The vigilance profile in the prescribed proforma must be attached with the application form.

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