PFC Recruitment 2026

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The Public Enterprises Selection Board has advertised 1 post for Chairman & Managing Director (a schedule 'A' CPSE) in Power Finance Corporation Limited (PFC).

Post Name Scale of Pay Date of Vacancy Total Vacancies Chairman & Managing Director Rs. 200000 - 370000 (IDA) 01.05.2027 1

On the date of occurrence of vacancy (01.05.2027), the age of superannuation is 60 years. For internal candidates, the minimum age is 45 years with 2 years residual service as on the date of vacancy w.r.t. the date of superannuation. For other candidates, the minimum age is 45 years with 3 years residual service as on the date of vacancy w.r.t. the date of superannuation.

Post Qualification Required Chairman & Managing Director 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.

(i) 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.

(ii) 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. Applicants having experience in Power Sector/ Infrastructure Finance will be given preference.

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/ad-hoc capacity – in one of the following: Central Public Sector Enterprise (CPSE) including a full-time functional Director on the Board; Central Government Group 'A' Officers including the Armed Forces of the Union and All India Services and officers from Public Sector Banks/ Financial Institutions/ Autonomous Bodies, etc.; State Public Sector Enterprise (SPSE) where annual turnover is Rs. 10,000 crore or more; Private Sector Company/ Joint Venture (JV) [50:50 JVs of Central Government/ State Governments and JVs of CPSEs with other CPSEs/ organisations (50:50 JVs)]/ National and State level Cooperative Federations whose annual turnover is Rs. 10,000 crore or more. In case of Private company, preference would be given to candidates from listed companies.

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Event Date Date of Notification 09 October 2026 Total timeline for receipt of applications 30 days from the date of uploading the Job Description on website of PESB Last date for submission of online application by the applicant 30.10.2026 by 03:00 PM Last date for nodal officers/ Head of the Organisation/ Competent Authority/ Administrative Secretary/ Cadre Controlling Authority to forward online applications to PESB 09.11.2026 by 05:00 PM

The selection process is conducted by the Public Enterprises Selection Board through a selection meeting for qualified candidates short-listed for interview.

Stage Who Takes It Scored or Qualifying Selection Meeting / Interview Shortlisted qualified candidates Scored / Evaluated for selection

1. Fill up the Application Form online only against the Job Description on the website of PESB - PESB Application Form.
2. Submit the application through the proper channel based on your employment category (such as Cadre Controlling Authority, Administrative Ministry, or Competent Authority).
3. Ensure the application is submitted online by the applicant by 03:00 PM on 30.10.2026.
4. Ensure the nodal officer or competent authority forwards the online application to PESB by 17.00 hours on 09.11.2026.
5. Attach required documents including annual reports, board-level evidence, age proof, qualification certificates, and the 13 points proforma vigilance profile prescribed by CVC where applicable.

The last date for applicants to submit online applications is 30.10.2026 by 03:00 PM, while the last date for nodal authorities to forward applications to PESB is 09.11.2026 by 17.00 hours.

The selected candidate will receive a pay scale of Rs. 200000 - 370000 (IDA).

Applicants should be an Engineering Graduate or Chartered Accountant or Cost Accountant or Post graduate or Graduate with MBA/PGDM from a leading Institute.

The age of superannuation is 60 years. For internal candidates, the minimum age is 45 years with 2 years residual service. For others, the minimum age is 45 years with 3 years residual service as on the date of vacancy (01.05.2027).

There is 1 vacancy available for the post of Chairman & Managing Director in Power Finance Corporation Limited.

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