In a significant development, the Public Enterprises Selection Board (PESB) has recommended Shailesh Vagerwal for appointment as Chairman and Managing Director (CMD) of Bharat Dynamics Limited (BDL).
The recommendation was made following interviews conducted by the Board on February 21, 2026.
Shailesh Vagerwal is currently serving as Chief General Manager at Munitions India Limited. His name will now be forwarded to the Appointments Committee of the Cabinet (ACC) for final approval, subject to vigilance clearance and completion of other prescribed formalities.
The vacancy is scheduled to arise on May 1, 2026, upon the superannuation of Commodore A. Madhavarao (Retd.), the incumbent CMD. In view of the impending vacancy, PESB had invited applications on October 23, 2025, with November 13, 2025 fixed as the last date for submission through its portal.
After scrutiny of applications, the Board shortlisted nine candidates for interview. Those interviewed were:
- Commodore Neeraj Uday, General Manager (GM HSS & SED), Electronics Corporation of India Limited
- Santosh Kumar, General Manager (Vande Bharat – Production & Maintenance), Bharat Heavy Electricals Limited
- Abhitabh Nath Rawal, Additional General Manager, Bharat Heavy Electricals Limited
- Shailesh Vagerwal, Chief General Manager, Munitions India Limited
- Sanjeev Kumar Agrawal, Chief General Manager, Department of Defence Production
- Babji Patchilla, General Manager, Ministry of Defence
- Surendra Kumar, General Manager/AVNL CO, Chennai, Armoured Vehicles Nigam Limited
- Amit Singh, Chief General Manager, OEF Hazratpur, Firozabad, a unit of TCL under MoD, Troop Comforts Limited
- Utapaal Srivastav, General Manager, Ministry of Defence
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