The Public Enterprises Selection Board, the Government of India body that recruits chief executives of central public sector enterprises, is conducting selection for the post of Chairman and Managing Director of Power Finance Corporation Limited, a Schedule A Maharatna CPSE in the financial services sector under the Ministry of Power. There is a single vacancy. The Chairman and Managing Director is the chief executive of the corporation, accountable to its Board and the Government for its performance and strategic direction.
PFC Chairman & Managing Director Recruitment 2026
Posted 12 Oct 2026Updated 12 Oct 2026109/2026 (No. 6/11/2026-PESB)
Total Vacancies
1
Last Date
30 Oct
12 days left
Apply Mode
Online
Contract
Status
Apply Now
Recruitment status
Applications open
Last date 30 Oct 2026 · 12 days left
- Notification09 Oct
- Applications Opentill 30 Oct
About PFC Chairman & Managing Director Recruitment 2026
Job Overview
- Organization
- Public Enterprises Selection Board for Power Finance Corporation Limited
- Advertisement No.
- 109/2026 (No. 6/11/2026-PESB)
- Post Name
- Chairman & Managing Director
- Job Location
- New Delhi, Delhi
- Who Can Apply
- Candidates from anywhere in India
- Job Type
- Contract
- Age Limit
- 45–60 years
- Gender
- All
- Nationality
- Indian
- Experience
- Cumulative experience or exposure of at least 5 years during the last 10 years in Finance, Business Development, Production, Operations, Marketing or Project Management in a large organization of repute; or at least 5 years in core HR/IR/Personnel Management along with at least 3 years during the last 10 years in Finance, Business Development, Production, Operations, Marketing or Project Management in a large organization of repute. Experience in the power sector or infrastructure finance is preferred.
- Pay Scale
- Rs. 200000 - 370000 (IDA)
- Tenure
- Five years from the date of joining or up to the date of superannuation or until further orders, whichever is earlier
Vacancy Breakdown
Chairman & Managing Director
1
| Post Name | Total |
|---|---|
| Chairman & Managing Director | 1 |
Eligibility Details
Chairman & Managing Director - Qualification and Experience
The applicant should be an Engineering Graduate or Chartered Accountant or Cost Accountant or Post graduate or Graduate with MBA/PGDM from a leading Institute. The applicant should possess cumulative experience/exposure for at least 5 years during the last 10 years in Finance or Business Development or Production or Operations or Marketing or Project Management in a large organization of repute. Applicants having experience in Power Sector/Infrastructure Finance will be given preference. Alternatively, the applicants should possess cumulative experience of at least 5 years in core HR/IR/Personnel Management along with at least 3 years cumulative experience during the last 10 years in Finance or Business Development or Production or Operations or Marketing or Project Management in a large organization of repute.
| Post | Qualification |
|---|---|
| Chairman & Managing Director - Qualification and Experience | The applicant should be an Engineering Graduate or Chartered Accountant or Cost Accountant or Post graduate or Graduate with MBA/PGDM from a leading Institute. The applicant should possess cumulative experience/exposure for at least 5 years during the last 10 years in Finance or Business Development or Production or Operations or Marketing or Project Management in a large organization of repute. Applicants having experience in Power Sector/Infrastructure Finance will be given preference. Alternatively, the applicants should possess cumulative experience of at least 5 years in core HR/IR/Personnel Management along with at least 3 years cumulative experience during the last 10 years in Finance or Business Development or Production or Operations or Marketing or Project Management in a large organization of repute. |
Age Limit
Minimum 45 years as on the date of vacancy (01.05.2027). Internal candidates need 2 years residual service and other candidates 3 years residual service with reference to the date of superannuation at 60 years.
Selection Process
- 1Selection Meeting / Interview
PESB holds a selection meeting for shortlisted qualified candidates; the Board reserves the right to shortlist applicants for interview.
Salary Structure
Rs. 200000 - 370000 (IDA)
How to Apply
- 1Fill up the application form online against the job description on the PESB website.
- 2Submit the application through the proper channel for your employment category, such as cadre controlling authority, administrative ministry or competent authority.
- 3Ensure the nodal officer or competent authority forwards the online application to PESB within the stipulated time.
- 4Attach annual reports, board level evidence, age proof, qualification certificates and the 13 point vigilance profile prescribed by CVC where applicable.
Documents to Carry / Upload
•Annual reports of the three financial years preceding the calendar year of advertisement
•Documentary proof of listing for private company applicants
•Evidence of working at Board level
•Self-attested copies of age and qualification documents
•Details of relevant jobs handled in the past
•Vigilance profile in the 13 point proforma prescribed by CVC
Important Details
- The applicant must, on the date of application as well as on the date of interview, be employed in a regular capacity and not in a contractual or ad-hoc capacity.
- Central Government officers, including those of the Armed Forces of the Union, the All India Services and officers from Public Sector Banks, Financial Institutions and Autonomous Bodies, are eligible only on immediate absorption basis.
- Group A Central Government officers must be holding a post of the level of Additional Secretary in the Government of India or an equivalent post on a substantive basis; officers drawing the eligible pay scale only on account of Non-Functional Upgradation or Next Below Rule without holding a substantive post are not eligible.
- Applicants from Public Sector Banks or Financial Institutions must be at Board level for one year on the date of application, and applicants from the Armed Forces must hold the rank of Lt.
- General in the Army or equivalent in the Navy or Air Force.
- Applicants from State Public Sector Enterprises, private companies, joint ventures and federations must be working at a Board level position on the date of application.
- The minimum length of service in the eligible scale is one year for internal candidates and two years for others as on the date of vacancy.
- Only applications received through the online system are considered; applications sent in physical form or by e-mail are rejected.
- An applicant must give an undertaking that he or she will join the post if selected, failing which the application is rejected.
Eligible Scale of Pay for CPSE Candidates
- Rs. 8250-9250 (IDA) Pre 01/01/1992
- Rs. 11500-13500 (IDA) Post 01/01/1992
- Rs. 23750-28550 (IDA) Post 01/01/1997
- Rs. 62000-80000 (IDA) Post 01/01/2007
- Rs. 150000-300000 (IDA) Post 01/01/2017 (E9 Grade as per DPE guidelines)
- Rs. 22400-24500 (CDA) Pre-revised
- Rs. 67000-79000 (CDA) Post 01/01/2006
- Rs. 182200-224100 (Level 15) CDA
Employment Status Required
- Central Public Sector Enterprise (CPSE), including a full-time functional Director on the Board of a CPSE
- Central Government Group 'A' Officers, including the Armed Forces of the Union and All India Services, and officers from Public Sector Banks, Financial Institutions and Autonomous Bodies
- State Public Sector Enterprise (SPSE) with annual turnover of Rs. 10,000 crore or more
- Private Sector Company, Joint Venture or National and State level Cooperative Federation with annual turnover of Rs. 10,000 crore or more; preference to candidates from listed companies for private companies
Debarment on Refusal to Join
A candidate who conveys unwillingness to join after the interview is debarred for two years from the date of interview from being considered for a Board level post in any CPSE. Declining after the issue of the offer of appointment carries a two-year debarment from the date of offer. No request for relaxation is entertained.
Frequently Asked Questions
Can candidates from private companies apply for the PFC CMD post?
Yes. Applicants from private sector companies, joint ventures and national or state level cooperative federations with an average annual turnover of Rs. 10,000 crore or more are eligible, and private company applicants send their applications directly to PESB.
What happens if a selected candidate does not join?
A candidate who declines after the interview is debarred for two years from being considered for a Board level post in any CPSE, and declining after the offer of appointment carries the same two-year debarment.
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