PESB Invites Applications for Managing Director Post at NBCFDC 2026

Psu Connect; New Delhi; On-site; INR 1,785,600 - 3,236,400; Full time

Job summary

PSU Connect Media Pvt. Ltd. invites applications for the Managing Director position at the National Backward Classes Finance and Development Corporation (NBCFDC) in New Delhi. The selected candidate will oversee administration, financial management, and project implementation.

A graduate degree with at least five years of relevant experience is required. The role is crucial for executing the corporation’s objectives aimed at economic development for backward classes.

Qualifications

• Minimum of five years relevant experience in finance, business development, operations, marketing, or project management.
• Experience in project financing is desirable.
• Applicants must be serving in a regular capacity in relevant sectors.

Responsibilities

• Responsible for overall administration and financial management.
• Ensure effective execution of the corporation's welfare and development objectives.
• Oversee project implementation and operational supervision.

Skills

Finance management

Project management

Business development

Marketing

Education

Graduate degree or MBA/PGDM

Engineering qualification

Chartered accountancy

Cost accountancy

Job description

New Delhi, May 2026: The Public Enterprises Selection Board (PESB) has invited applications for the post of Managing Director of the National Backward Classes Finance and Development Corporation (NBCFDC), a Schedule ‘C’ Central Public Sector Enterprise under the Ministry of Social Justice and Empowerment.

The position carries a pay scale of ₹1,60,000 to ₹2,90,000 (IDA) and the selected candidate will serve a tenure of five years or until superannuation, whichever is earlier. The vacancy is scheduled to arise on 1 April 2027.

NBCFDC, incorporated in 1992, is a not-for-profit company fully owned by the Government of India. It is engaged in promoting economic and developmental activities for members of backward classes living below twice the poverty line income level. The corporation is headquartered in New Delhi and currently has a small workforce of 48 employees as of December 2025.

The Managing Director will serve as the Chief Executive Officer of the organisation and will be responsible for overall administration, financial management, corporate planning, project implementation, and operational supervision. The role also includes ensuring effective execution of the corporation’s welfare and development objectives.

Eligibility and Qualification Requirements

According to the eligibility criteria, applicants must be serving in a regular capacity in Central Public Sector Enterprises, Central Government Group ‘A’ services, State PSUs with significant turnover, or eligible private sector companies and joint ventures with annual turnover of at least ₹500 crore.

Candidates must possess a graduate degree, engineering qualification, chartered accountancy, cost accountancy, or MBA/PGDM from a recognised institution. A minimum of five years of relevant experience in finance, business development, operations, marketing, or project management is required. Experience in project financing is considered desirable.

Applicants from central government services, armed forces, and public financial institutions will be considered on an immediate absorption basis. Private sector applicants must be working at board level positions, with preference given to candidates from listed companies.

Selection Process

The selection process requires online application submission through the PESB portal, along with forwarding through the appropriate administrative channels. The last date for submission of applications is 15 June 2026.

The appointment process is part of the government’s standard procedure for selecting leadership in public sector enterprises to ensure professional management and effective governance.

The PESB has stated that vigilance clearance, documentary verification of qualifications, and experience records will be mandatory. Incomplete applications or those submitted after the deadline will not be considered.