Sagarmala Finance Corporation Limited (SMFCL), formerly known as SDCL, invites applications from ambitious professionals for its 2026 recruitment cycle. As India’s premier Maritime-focused NBFC and a Mini-Ratna Category-I CPSE, eligibility generally requires a background in Finance (CA/ICWA/MBA), Engineering (B.E./B.Tech), or Law (LLB) from recognized institutions. Candidates must meet specific age criteria, typically ranging from 25 to 45 years depending on the grade, with mandatory post-qualification executive experience for mid-to-senior level roles.
About SDCL
The Sagarmala Development Company Limited (SDCL) is a government-owned enterprise in India that focuses on the implementation and promotion of the Sagarmala Program. The Sagarmala Program is an ambitious initiative launched by the Government of India to harness the potential of India's coastline and maritime sector for sustainable development.
The primary objective of SDCL is to facilitate and coordinate the implementation of various projects and initiatives under the Sagarmala Program. The program aims to optimize the utilization of India's coastal and port infrastructure, enhance connectivity, and promote port-led industrialization and coastal community development.
SDCL acts as a nodal agency for the Sagarmala Program and works closely with various stakeholders, including central ministries, state governments, port authorities, and private sector entities. The company plays a crucial role in project identification, preparation, and monitoring to ensure the successful execution of the program's objectives.
SDCL focuses on several key areas, including port modernization, port connectivity enhancement, port-led industrialization, coastal community development, and promoting sustainable coastal tourism. It collaborates with different agencies to develop integrated plans and strategies to leverage India's vast coastline and maritime resources.
The company also works towards fostering partnerships and attracting investments in the maritime sector. It aims to create a conducive environment for private sector participation and facilitate the implementation of public-private partnership projects in the coastal and port sectors.
Official Address
Contact Information
- 011-21400754
- Visit Official Website
This organization has released 7 recruitment notifications in the last 3 years.
Expired / Closed Notifications
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SMFCL Consultant (Legal) Recruitment 2026 – Apply Offline for 01 PostClosed: Jan 18, 2026
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SDCL Invites Application for Company Secretary Recruitment 2022Closed: Jun 20, 2022
Organization Overview
Sagarmala Finance Corporation Limited (SMFCL) is a specialized Central Public Sector Enterprise (CPSE) under the Ministry of Ports, Shipping and Waterways. Headquartered in New Delhi, SMFCL acts as the primary financial catalyst for India's maritime infrastructure, providing credit for port modernization, shipbuilding, and coastal community development. Following its transition to a full-fledged NBFC in 2025, the corporation has significantly expanded its workforce to manage a multi-billion dollar loan book aimed at achieving the Maritime Amrit Kaal Vision 2047.
| Details | Organizational Specification |
|---|---|
| Company Type | Mini-Ratna Category-I CPSE (NBFC) |
| Headquarters | New Delhi |
| Major Entry Gateways | Direct Recruitment (Interview), Deputation, GATE 2026 (for Technical) |
| Salary Structure | IDA Pay Scales (Level E-1 to E-9) |
| Primary Sector | Maritime Finance & Infrastructure |
Key Job Profiles in SMFCL
- Finance & Accounts: Assistant Manager (F&A), Manager (Finance), and Chief Manager (Finance) requiring CA, ICWA, or MBA (Finance).
- Projects & Operations: Manager (Projects) focusing on maritime infrastructure appraisal, often requiring B.E./B.Tech with MBA.
- Legal: Chief Manager (Legal) and Consultants focusing on maritime law, RBI compliance, and loan documentation (LLB/LLM).
- Information Technology: Specialized roles in FinTech, cybersecurity, and management of maritime lending platforms.
Salary & Benefits
SMFCL follows the Industrial Dearness Allowance (IDA) pattern. Employees are entitled to Basic Pay, DA, HRA, and various cafeteria-style perks (usually up to 35% of basic pay).
- Executive Level (E-2): ₹50,000 – ₹1,60,000
- Managerial Level (E-4): ₹70,000 – ₹2,00,000
- Senior Management (E-6): ₹90,000 – ₹2,40,000
- Board Level: Up to ₹3,20,000 (IDA)
Selection Process
The selection at SMFCL is rigorous and focused on domain expertise. The standard procedure includes:
- Shortlisting: Based on academic merit and relevant post-qualification experience (PQE).
- Personal Interview: Assessment of technical knowledge, leadership qualities, and suitability for the maritime sector.
- Document Verification: Mandatory verification of original credentials and 'No Objection Certificate' (NOC) for PSU/Govt employees.
- Medical Examination: Final selection is subject to meeting the company's medical fitness standards.
How to Crack SMFCL Exams
To succeed in SMFCL recruitment, candidates should focus on three core areas: Maritime Sector Knowledge (Blue Economy, Sagarmala projects), NBFC Regulations (RBI guidelines for non-banking finance), and Project Appraisal. For interview stages, stay updated on the Ministry of Ports, Shipping and Waterways' latest policy shifts and SMFCL's recent lending milestones.
Mandatory Disclaimer: All details are sourced from official notifications. MySarkariNaukri.com provides informational guidance only and is not affiliated with any government agency.
Verification Source: https://sdclindia.com/
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