In a significant development for the Indian defence manufacturing sector, Madhubala Kalluri has been appointed as the new Director (Finance) of Mishra Dhatu Nigam Limited (MIDHANI), a premier defence public sector undertaking (PSU) under the Ministry of Defence. The appointment was officially approved by the Appointments Committee of the Cabinet (ACC), following a recommendation by the Public Enterprises Selection Board (PESB). The Department of Personnel and Training (DoPT) issued the formal order on Tuesday.
Kalluri currently holds the position of General Manager (Finance & Accounts) at MIDHANI. With this elevation, she joins the Board of Directors and assumes responsibility for the organisation’s overall financial planning, strategy, and regulatory oversight. Her appointment is seen as a recognition of her longstanding service, domain expertise, and institutional knowledge within MIDHANI.
She was selected through a rigorous PESB-led process conducted on April 30, 2025. Eight candidates from a range of top-tier public sector organisations were shortlisted for the role. The pool included senior finance professionals from NTPC Limited, MTNL Limited, HIL (India) Limited, NBCC (India) Limited, Bridge and Roof Company (India) Limited, and DNH Power Distribution Corporation Limited. Kalluri’s selection reflects her strong credentials and track record in public sector financial governance.
As Director (Finance), Kalluri will be directly reporting to the Chairman and Managing Director (CMD) of MIDHANI. Her responsibilities will encompass all finance and accounts functions, including policy formulation, budgeting, financial planning, capital structuring, risk management, and ensuring compliance with regulatory frameworks. She will also play a key role in aligning MIDHANI’s financial systems with the strategic goals of India’s defence manufacturing ecosystem.
MIDHANI, known for its critical role in the production of specialised materials, superalloys, and titanium products, is a key supplier to India’s defence, aerospace, and nuclear sectors. The organisation is poised for expanded responsibilities amid the government’s push for self-reliance under the “Aatmanirbhar Bharat” initiative. In this context, Kalluri’s financial leadership is expected to be instrumental in sustaining operational efficiency and ensuring long-term fiscal resilience.
Her appointment is also a notable milestone in advancing gender diversity in senior roles within India’s strategic PSUs. With more women rising to board-level positions in core industrial sectors, Kalluri’s leadership is being viewed as a progressive step towards inclusive governance in public enterprises. It also highlights the value of promoting internal talent that aligns with organisational culture and long-term goals.
Industry experts have welcomed the appointment, stating that it underscores a broader commitment by the government and public sector boards to recognise and elevate competent leadership from within the system.
As MIDHANI continues to play a critical role in strengthening India’s defence manufacturing capabilities, Madhubala Kalluri’s stewardship of its financial operations is expected to bring enhanced governance, innovation, and strategic alignment to the organisation’s evolving vision.
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