Public Enterprises Selection Board (PESB) for Power Finance Corporation Limited (PFC) has officially released the Chairman & Managing Director Recruitment 2026 notification (Advt. No. 109/2026) for 1 vacancy. Eligible internal and external candidates meeting the prescribed employment status, pay scale, and eligibility criteria, with a minimum age of 45 years, can apply online up to 9 November 2026 through the PESB application portal. The selected candidate will be appointed to a leadership position with a pay scale of ₹2,00,000–₹3,70,000 (IDA). Candidates should review the official notification for detailed eligibility criteria and application instructions before submitting their applications.
PFC Recruitment 2026 Quick Facts
| Particulars | Details |
|---|---|
| Organisation or Board | Public Enterprises Selection Board (PESB) for Power Finance Corporation Limited (PFC) |
| Advertisement No. and date | Advt. No. 109/2026 / Dated: 09/10/2026 (No. 6/11/2026-PESB) |
| Posts | Chairman & Managing Director |
| Total Vacancies | 01 |
| Who Can Apply | Internal and external candidates meeting specific employment status, scale, and eligibility criteria |
| Age Limit | Internal: Minimum 45 years, 2 years residual service. Others: Minimum 45 years, 3 years residual service (Superannuation at 60 years) |
| Pay | Rs. 200000 - 370000 (IDA) |
| Application Fee | Not stated in the notice |
| Application Window | Online submission up to 17.00 hours on 09.11.2026 |
| Exam Date | Not stated in the notice |
| Selection | Selection meeting scheduled by PESB |
| Apply At | PESB portal online at PESB Application Form |
Vacancy Details
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 |
Who Can Apply
Age Limit and Relaxation
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.
Qualification
| 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. |
Experience Requirements
(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.
Employment Status
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.
PFC Recruitment 2026 Important Dates
| 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 |
Selection Process and Exam Pattern
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 |
How to Apply for PFC Recruitment 2026
- Fill up the Application Form online only against the Job Description on the website of PESB - PESB Application Form.
- Submit the application through the proper channel based on your employment category (such as Cadre Controlling Authority, Administrative Ministry, or Competent Authority).
- Ensure the application is submitted online by the applicant by 03:00 PM on 30.10.2026.
- Ensure the nodal officer or competent authority forwards the online application to PESB by 17.00 hours on 09.11.2026.
- 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.
Official Links
| Link | Details |
|---|---|
| Official Notification PDF | Download the detailed advertisement notice |
| Official Website | Visit the official PESB portal |
