The Public Enterprises Selection Board (PESB) has selected Sagar Appasaheb Modhole for the post of Director (Finance) at Munitions India Limited (MIL). The selection was made during a PESB meeting held on October 15, 2025.
Mr. Modhole is currently serving as Chief General Manager (Finance), Marketing Head Office, Mumbai, at Indian Oil Corporation Limited (IOCL).
Following the PESB’s recommendation, his name has been forwarded to the Appointments Committee of the Cabinet (ACC) for final approval. His appointment will be subject to the necessary vigilance clearances and the ACC’s nod.
Notably, the PESB had advertised the post on June 3, 2025, the same day it fell vacant, inviting applications from eligible candidates. Out of several applicants, 10 candidates were shortlisted and interviewed for the position.
Those interviewed included:
- Akhilesh Kumar Mishra, Deputy Director General (M&P), Department of Defence Production
- Sagar Appasaheb Modhole, Chief General Manager (F), Marketing Head Office, Mumbai, Indian Oil Corporation Limited
- Tilak Raj Taneja, Chief General Manager, The Cotton Corporation of India Limited
- Ashok Kumar Mali, Chief General Manager, E8 (CFO – NUPPL), NLC India Limited
- Shiv Kumar Sharma, General Manager (Head of Finance, Corporate Centre), Grid Controller of India Limited (Grid-India)
- Kamal Nath Thakur, Additional General Manager (Internal Audit), NTPC Limited
- Yogesh Kumar, Chief Financial Officer (on Secondment to Ramagundam Fertilizers and Chemicals Ltd), National Fertilizers Limited
- Ramesh Kumar, Additional General Manager (Finance – Commercial), NTPC Limited
- Sanjay Sinha, Chief General Manager (Finance & Accounts), GAIL (India) Limited
- Deepak Kumar, Additional General Manager (Head of Finance), Bharat Heavy Electricals Limited (BHEL)
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