Advertisement – Selection for the Post of Chairman & Managing Director, Power Finance Corporation Limited

Description

I. COMPANY PROFILE Power Finance Corporation (PFC) was incorporated on 16.07.1986 with the objective to provide financial resources and encourage flow of investments to the power and associated sectors; to work as a catalyst for optimum utilization of available resource and to mobilize financial resources from domestic and international sources at competitive rates. PFC is a Schedule 'A' Maharatna CPSE in Financial Services sector with the administrative jurisdiction of Ministry of Power. The company employed 551 regular employees (Executives 538, Non-executives 13) as on 31.03.2026. Its Registered and Corporate Offices are in New Delhi. The authorised and paid up capital of the Corporation was Rs. 11,200 crores and Rs. 3300.10 crores respectively as on 31.03.2026. The Shareholding of the Government of India is 55.99% as on 31.03.2026. II. JOB DESCRIPTION AND RESPONSIBILITIES The Chairman and Managing Director is the Chief Executive of the Company and accountable to its Board of Directors and Government/Shareholders. He/She is responsible for the efficient functioning of the company, and for achieving its corporate objectives and performance parameters. His/her responsibilities, among other thing, include providing leadership, formulation of strategic vision for the business, exploring new business avenues for future growth of the company, active engagement with stakeholders- both internal and external to the organisation, developing business strategies and operating plans for short term and long term horizons, ensuring standards of quality and performance, closely monitoring the operating and financial results against agreed plans and budgets, institutional Development of Power Utilities, effectively Advt.No. - 109/2026 No. : 6/11/2026-PESB Dated : 09/10/2026 Power Finance Corporation Limited Chairman & Managing Director 01.05.2027 Schedule A Rs. 200000 – 370000 (IDA) Page 1 of 6 monitoring and overseeing the timely implementation of Government of India initiatives and schemes as it relates to the Corporation, systematic strengthening management at all levels – by recruitment, training, development, delegation and motivation,expanding the skills base of employees in the company. He/ she should also have the ability to drive organizational change, set the tone for integration, and align cultures; and to navigate and blend different organizational cultures. III. ELIGIBILITY 1. AGE : On the date of occurrence of vacancy (DOV) 2. 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 followings:- (a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE); (b) 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; (c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs.10,000 crore or more; (d) 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 (hereinafter as JVs/ 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. The applicants from Private Company, JV and Federation will be arranged in order of annual turnover of these entities. (* The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits.) 3. QUALIFICATION: 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. 4. EXPERIENCE: (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. OR Age of superannuation 60 years Internal Others Minimum Maximum Minimum Maximum 45 2 years residual service as on the date of vacancy w.r.t. the date of superannuation. 45 3 years residual service as on the date of vacancy w.r.t. the date of superannuation. Page 2 of 6 (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. 5. PAY SCALE: (a) Central Public Sector Enterprises- The minimum length of service required in the eligible scale will be one year for internal candidates and two years for others, as on the date of vacancy. (b) (i) Group 'A' officers of the Central Government including All India Services (AIS) and Autonomous Bodies, etc. should be holding either a post of the level of Additional Secretary in Govt. of India or an equivalent post, carrying equivalent scale of pay, on substantive basis, on the date of application. The officer drawing the eligible pay scale merely on account of Non-Functional upgradation (NFU), Next Below Rule (NBR) basis without holding substantive post, shall not be eligible to apply to the post advertised by PESB. (ii) Applicants from Public Sector Bank/ Financial Institutions should be at Board level for one year on the date of application. (iii) Applicants from the Armed forces of the Union should be holding a post of the level of Lt. General in the Army or equivalent rank in Navy