Maharashtra State
Electricity Distribution Company Limited expression of interest (eoi)
for empanelment as internal auditors for the period of three financial years
2026-27, 2027-28 and 2028-29 from chartered accountant & management
accountant firms.
1. What this Expression of interest actually means
This is not a direct audit assignment.
MSEDCL is creating a panel of eligible CA / CMA
firms.
Actual internal audit work will be:
Allotted later
On a rotation basis
Subject to performance and requirement
Empanelment does not guarantee work,
but without empanelment you cannot get any assignment.
2. Who can apply (eligibility simplified)
Firm
type
Chartered Accountant firm (ICAI) or
Cost & Management Accountant firm (ICMAI)
Proprietor / Partnership / LLP
Minimum
existence
At least 5 years old
Location
requirement
Head
Office in Maharashtra, OR
If HO is outside Maharashtra:
Must have a full-time Mumbai branch for
at least 3 years
3. Experience requirements (any ONE is sufficient)
Experience must be after 01-01-2021:
5 years Internal / Statutory Audit
experience (last 7 years), OR
4 years audit experience in PSU (last 7
years), OR
3 years audit experience in Power
Sector (last 5 years)
Power sector experience gets preference.
4. Staff strength requirement (very important)
Minimum 8 audit staff,
comprising:
1 CA / CMA (Partner or Proprietor)
5 paid assistants / articles who passed
CA/CMA Inter
2 post-graduate audit staff with 3+ years
experience
If this structure is not met, application
is likely to be rejected.
5. Technical capability expectations
Mandatory
(self-certified)
Knowledge of SAP environment
Capability in data analysis / data mining /
data extraction
Preference
given if you have
SAP audit experience certificates
Certification in data analytics tools
CISA / DISA / ISA qualification
Power sector internal audit experience
6. Disqualifications (cannot apply if)
Any partner or firm faced disciplinary
action by ICAI / ICMAI
Any criminal, arbitration, or disciplinary
case pending
Debarred by MSEDCL or other PSU in last 5
years
Misrepresentation of facts or
sub-contracting work
A self-declaration is mandatory.
7. Application fee
₹3,000 (non-refundable)
Payable via DD / NEFT / RTGS / UPI
Proof of payment must be uploaded and
enclosed
8. Nature of work after empanelment
If allotted work, the firm will:
Audit SAP-based financial systems
Review internal controls and compliances
Assist in fraud detection and risk
management
Submit audit reports as per timelines
Work strictly confidentially
Not sub-contract under any circumstances
Penalties apply for delays, up to 10%.
9. Who this Expression of interest is suitable for
Best suited for:
Medium to large CA / CMA firms
Firms with PSU or power sector exposure
Firms with SAP audit capability and
adequate staff
Not ideal for:
Small firms with limited staff
Firms without Maharashtra presence
Firms lacking SAP or PSU audit background