A Top Job at Power Finance Corporation
This isn’t an everyday job notification, and it isn’t meant for freshers. It’s for senior leaders who have spent years building a career. The Public Enterprises Selection Board has released Advt. No. 109/2026 for one vacancy for Chairman & Managing Director at Power Finance Corporation Limited. If you’re a senior officer in a government enterprise, a bank or a large company, this could be the biggest step of your career.
Pay and Vacancy
There’s only one seat, so the competition will be serious. The pay scale is Rs 2,00,000 to Rs 3,70,000 (IDA), and the vacancy date is 1 May 2027. That means the role isn’t for immediate joining, and the board is selecting well in advance.
Dates You Should Know
The notification came out on 9 October 2026, so the clock has already started. Your online application has to be in by 3:00 PM on 30 October 2026. Once you’ve submitted it, your nodal officer or competent authority gets until 5:00 PM on 9 November 2026 to forward it to PESB. If you’re in a government organisation, have a word with your department soon. Your application has to pass through their hands, and nobody likes chasing signatures at the last minute.
Who Can Apply?
On qualification, you should be an Engineering Graduate, Chartered Accountant, Cost Accountant, postgraduate, or a graduate with an MBA or PGDM from a leading institute. Experience matters even more. You need at least 5 years in the last 10 in finance, business development, production, operations, marketing or project management in a large, reputed organisation. Another route is 5 years in core HR, IR or personnel management, along with 3 years in the functions above during the last 10 years. If you’ve worked in the power sector or infrastructure finance, that gives you an edge.
Age and Employment Status
You must be at least 45 years old. Internal candidates need 2 years of residual service before retirement, and other candidates need 3 years, as the age of superannuation is 60. You also need to be in a regular job, not a contractual or ad-hoc one, both on the date you apply and on the interview date. Here’s which employers qualify:
How You’ll Be Selected
There’s no written exam for this post. Qualified candidates are shortlisted and invited to a selection meeting held by PESB. The notice doesn’t mention an application fee or an exam date.
How to Apply
Fill in the application form online against the job description on the PESB website. Then send it through the proper channel for your category, such as your Cadre Controlling Authority or Administrative Ministry. You’ll also need to attach supporting papers, including annual reports, board-level evidence, age proof, qualification certificates and, where applicable, the vigilance profile in the CVC’s 13-point proforma. With so many documents involved, it’s wise to start collecting them now instead of in the last week.