PFC CMD Recruitment 2026: Apply Online for Chairman & Managing Director Post, Check Eligibility & Last Date

Power Finance Corporation Limited (PFC), a Schedule 'A' CPSE under the administrative control of the Ministry of Power, has released an official notification for the recruitment of Chairman & Managing Director. The Public Enterprises Selection Board (PESB) has issued Advt. No. 109/2026 dated 09 October 2026 for filling up this single vacancy. The post is a top leadership position carrying a pay scale of ₹2,00,000–₹3,70,000 (IDA). The last date for online application submission by candidates is 30 October 2026 (03:00 PM), while nodal authorities must forward applications to PESB by 09 November 2026 (05:00 PM).

PFC CMD Recruitment 2026: Key Highlights

The recruitment drive is aimed at selecting a dynamic and experienced leader to head Power Finance Corporation, a leading infrastructure finance company in the power sector. Both internal candidates (from CPSEs, Central Government, State PSEs, etc.) and external candidates from private sector companies with an annual turnover of ₹10,000 crore or more are eligible to apply. The selection will be done through a selection meeting/interview conducted by PESB. Candidates must ensure they meet all eligibility criteria before applying.

Important Dates

• Notification Release Date: 09 October 2026
• Last Date for Online Application by Applicant: 30 October 2026 (03:00 PM)
• Last Date for Forwarding Applications by Nodal Authority: 09 November 2026 (05:00 PM)
• Date of Vacancy: 01 May 2027

Vacancy Details

Total Vacancies: 01 (Chairman & Managing Director)

Eligibility Criteria

Age Limit

The age of superannuation is 60 years. As on the date of vacancy (01.05.2027):

• Internal Candidates: Minimum 45 years with at least 2 years of residual service.
• Other Candidates: Minimum 45 years with at least 3 years of residual service.

Educational 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.

Experience Requirements

Candidates must possess cumulative experience/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. Experience in Power Sector/Infrastructure Finance will be given preference.

Alternatively, candidates with at least 5 years of cumulative experience in core HR/IR/Personnel Management along with at least 3 years of experience during the last 10 years in Finance, Business Development, Production, Operations, Marketing, or Project Management in a large organization are also eligible.

Employment Status

Applicants must be employed in a regular capacity (not contractual/ad-hoc) 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 Armed Forces of the Union and All India Services, and officers from Public Sector Banks/Financial Institutions/Autonomous Bodies.
• State Public Sector Enterprise (SPSE) with annual turnover of ₹10,000 crore or more.
• Private Sector Company/Joint Venture (JV) [50:50 JVs of Central/State Governments and JVs of CPSEs with other CPSEs/organisations] / National and State level Cooperative Federations with annual turnover of ₹10,000 crore or more. Preference will be given to candidates from listed private companies.

Selection Process

The selection process consists of a selection meeting/interview conducted by the Public Enterprises Selection Board (PESB). Shortlisted candidates will be called for the interview, and final selection will be based on their performance and eligibility.

How to Apply for PFC CMD Recruitment 2026

1. Visit the official PESB portal and fill up the online application form against the Job Description.
2. Submit the application through the proper channel based on your employment category (Cadre Controlling Authority, Administrative Ministry, or Competent Authority).
3. Ensure the online application is submitted by 03:00 PM on 30 October 2026.
4. Ensure the nodal officer/competent authority forwards the online application to PESB by 17:00 hours on 09 November 2026.
5. Attach required documents including annual reports, board-level evidence, age proof, qualification certificates, and the 13-point proforma vigilance profile prescribed by CVC where applicable.

Application Fee

No application fee is mentioned in the official notification.

Frequently Asked Questions (FAQs)

Q1. What is the last date to apply online for PFC CMD Recruitment 2026?

The last date for applicants to submit online applications is 30.10.2026 by 03:00 PM, while nodal authorities must forward applications to PESB by 09.11.2026 by 17:00 hours.

Q2. What is the pay scale for the PFC CMD post?

The selected candidate will receive a pay scale of ₹2,00,000 – ₹3,70,000 (IDA).

Q3. What educational qualification is required for the PFC CMD post?

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

Q4. What is the age limit for internal and external candidates?

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 01.05.2027.

Q5. How many vacancies are available for PFC CMD Recruitment 2026?

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