MAHAGENCO Recruitment 2026: Apply Online for 21 Manager & GM (F&A) Posts - Full Notification, Eligibility, Salary

Maharashtra State Power Generation Company Limited Mumbai Last Date: 20th March, 2026
Official Update | Verified Information

MAHAGENCO Recruitment 2026: Apply Online for 21 Manager & GM (F&A) Posts - Full Notification, Eligibility, Salary

MAHAGENCO Recruitment 2026: Overview

The Maharashtra State Power Generation Company (MAHAGENCO) has released an official notification (Advt No. 03/2026) for the recruitment of 21 posts of Manager, General Manager, and other Finance & Accounts (F&A) positions. This is a significant opportunity for qualified Chartered Accountants, ICWAs, and Finance post-graduates to secure a full-time role in one of Maharashtra's leading power sector companies.

This recruitment involves a competitive selection process including an Online Test and an Assessment Centre. Candidates meeting the eligibility criteria must apply online before the deadline.

Key Highlights Table

Organization Name Maharashtra State Power Generation Company Ltd. (MAHAGENCO)
Post Name(s) Manager, General Manager, Dy. Manager (F&A)
Total Vacancies 21
Application Start Date 20 February 2026
Application End Date 20 March 2026
Official Website www.mahagenco.in

Vacancy Details

Here is the breakdown of the 21 vacancies available for the Finance & Accounts department:

Post Name Pay Scale / Salary (Rs.) Age Limit Reserved Vacancies
General Manager (F&A) 124995 – 5490 – 256755 Max 48 Years 03
Asst. General Manager (F&A) 102890 – 4250 – 228420 Max 40 Years 03
Sr. Manager (F&A) 97220 – 3745 – 209445 Max 40 Years 09
Manager (F&A) 73580 – 2995 – 166555 Max 40 Years 04
Dy. Manager (F&A) 54505 – 2580 – 142050 Max 38 Years 02
Total 21

Eligibility Criteria

1. Educational Qualification

  • General Manager / Asst. General Manager / Sr. Manager / Manager (F&A): Candidates must be CA / ICWA final passed from a recognized university/institute.
  • Dy. Manager (F&A): Candidates must possess either Inter CA / Inter ICWA OR MBA (Finance) / M.Com from a recognized university.

2. Age Limit

Age as on: The notification does not specify a single cut-off date. Candidates should verify dates based on the date of application submission.

  • General Manager: Maximum 48 years.
  • Asst. General Manager / Sr. Manager / Manager: Maximum 40 years.
  • Dy. Manager: Maximum 38 years.

3. Age Relaxation

  • Reserved / EWS: +5 years.
  • MAHAGENCO Employees: Up to 57 years.
  • PwBD: Up to 45 years.

Selection Process

The recruitment process involves a multi-stage evaluation to assess technical knowledge, communication skills, and overall suitability.

  1. Online Test: A preliminary objective-type test.
  2. Assessment Centre Test: Candidates shortlisted from the online test will undergo the following:
    • In-Basket Exercise
    • Group Discussion
    • Case Discussion
    • Presentation
  3. Document Verification: Scrutiny of original certificates.
  4. Personal Interview: Final interview round.

Application Fee

General / OBC Candidates ₹944 (Incl. GST)
SC / ST Candidates ₹708 (Incl. GST)
PwBD Candidates Nil (Exempted)

Payment Mode: Online

How to Apply (Step-by-Step)

  1. Visit Official Website: Go to www.mahagenco.in or use the direct link in the Important Links section.
  2. Read Notification: Carefully read the official notification (Advt No. 03/2026) to ensure eligibility.
  3. Registration: Click on "Apply Online" and complete the basic registration with valid email and mobile number.
  4. Fill Application Form: Enter personal details, educational qualifications, and work experience accurately.
  5. Upload Documents: Upload scanned copies of your photograph, signature, and relevant certificates (HR01, HR02, HR03 forms) as required.
  6. Pay Fee: Pay the application fee online via debit/credit card or net banking.
  7. Submit & Print: Submit the form before 20-03-2026 and take a printout of the submitted application for future reference.

Important Dates

  • Website link open for online application: 20 February 2026
  • Last date for online application & online fee payment: 20 March 2026
  • Last date for receipt of hard copy (HR01, HR02, HR03 only): 20 March 2026

Important Links

Active Recruitments

Job Name Location Last Date Details
MAHAGENCO Recruitment 2026: Apply Online for 21 Manager & GM (F&A) Posts - Full Notification, Eligibility, Salary
Mumbai 20th March, 2026 View Details
MAHAGENCO Surveyor, Civil Engineer and Other Posts Recruitment 2026 - Notification, Eligibility, Offline Form
Mumbai 4th March, 2026 View Details
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Past/Expired Recruitments

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About Maharashtra State Power Generation Company Limited

Maharashtra State Power Generation Company Limited Logo

Mahagenco has the highest overall generation capacity and the highest thermal installed capacity amongst all the state power generation utilities in the country. In terms of installed capacity, it is the second highest generation company after NTPC.
Mahagenco has the generation capacity of 11657 MW. It was established by the government of Maharashtra with the principal objective of engaging in the business of generation of electricity, & mahagenco produces the cheapest power for consumers in the state.
Mahagenco is committed to expanding the generation capacity to meet the ever-growing power supply need of Maharashtra. Mahagenco generates power for more than 1,50,00,000 end consumers in Maharashtra at economical and affordable rates.
Mahagenco believes in quality management.

Mahagenco recruitment offers great career opportunities for several posts such as Driver. Interested candidates can pursue courses in 4th Class with Driving Licence for a great career at Mahagenco.


Official Address
Maharashtra State Power Generation Co. Ltd. PRAKASHGAD Plot No. G-9, Bandra (East) Mumbai-400051.
Mumbai, Maharashtra - 400051
Contact Information