Public Enterprises Selection Board (PESB).

National Textile Corporation Limited (NTC). Ministry of Textiles.

www.fastvacancy.com

• Not Mentioned In Official PDF

• New Delhi is mentioned as the Registered and Corporate office of NTC

Company Profile

Incorporation

National Textile Corporation Limited was incorporated under the Indian Companies Act, 1956.

Objective

The objective was to manage the affairs of sick textile undertakings taken over by the Government under three Nationalisation Acts.

Nationalisation Acts Mentioned

1.      The Sick Textile Undertakings (Nationalisation) Act, 1974.

2.      The Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1986.

3.      The Textile Undertakings (Nationalisation) Act, 1995.

Mills and Subsidiaries

NTC Limited was managing 119 mills through its 9 subsidiaries.

Merger of Subsidiaries

As part of the modified revival scheme approved by BIFR and Government in 2006, all 9 subsidiaries were merged with NTC Limited during 2006-07.

Employees as on 31.03.2026

Total regular employees: 3534.

Executives

172.                      

Non-Executives

3362.                 

Authorised Capital as on 31.03.2026

Rs. 5000 crores.

Paid-up Capital as on 31.03.2026

Rs. 3062.16 crores.

Government of India Shareholding as on 31.03.2026

99.76%.

Job Description and Responsibilities

Reporting

Director (Finance) is a member of the Board of Directors and reports to Chairman and Managing Director.

Main Responsibility

Director (Finance) is overall in charge of finance and accounts of the organization.

Policy Responsibility

Responsible for evolving and formulating policies related to finance and accounts.

Implementation Responsibility

Responsible for implementation of policies related to finance and accounts.

Educational Qualification

Required Qualification

The applicant should be:

1.      Chartered Accountant, or

2.      Cost Accountant, or

3.      Full-time MBA/PGDM course having specialization in Finance with good academic record from a recognized University/Institution.

Preference

Preference will be given to Chartered Accountant.

Exemption from Educational Qualification

Officers of Organized Group ‘A’ Accounts Services and applicants from the Central Government / Armed Forces of the Union / All India Services working at appropriate level are exempted from the above educational qualification, provided they have relevant experience as mentioned in the PDF.

Organized Group ‘A’ Accounts Services Mentioned

1.      Indian Audit and Accounts Service.

2.      Indian Defence Accounts Service.

3.      Indian Railway Accounts Service.

4.      Indian Civil Accounts Service.

5.      Indian P&T Accounts & Finance Service.

6.      Indian Cost Accounts Service.

Experience

General Experience Requirement

The applicant should have at least five years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management / Corporate Accounts in an organization of repute.

Experience for Organized Group ‘A’ Accounts Services / Central Government / Armed Forces / All India Services

Such applicants should have either:

1.      Educational qualification of Chartered Accountancy / Cost Accountancy / MBA / PGDM with specialization in Finance and at least five years of cumulative experience at a senior level during the last ten years in Financial Management / Accounts in Government / Corporate Financial Management / Corporate Accounts,
OR

2.      At least five years cumulative experience at a senior level during the last ten years in Corporate Financial Management / Corporate Accounts.

Age Limit

Cut-off Date

Age is counted on the date of occurrence of vacancy (DOV).

Age of Superannuation

58 years.

Internal Candidates

Minimum Age

45 years.

Maximum Age

2 years residual service as on the date of vacancy with respect to the date of superannuation.

Other Candidates

Minimum Age

45 years.

Maximum Age

3 years residual service as on the date of vacancy with

respect to the date of superannuation.

Employment Status

Required Employment Status

The applicant must, on the date of application and on the date of interview, be employed in a regular capacity.

Contractual / Ad-hoc Employment

Applicants employed in contractual or ad-hoc capacity are not eligible.

Eligible Employment Categories

Central Public Sector Enterprise

CPSE including a full-time functional Director in the Board of a CPSE.

Central Government

Central Government Group ‘A’ Officers including:

1.      Armed Forces of the Union.

2.      All India Services.

3.      Officers from Public Sector Banks.

4.      Financial Institutions.

5.      Autonomous Bodies, etc.

State Public Sector Enterprise

SPSE where annual turnover is Rs. 1,500 crore or more.

Private Sector Company / JV / Federation

Private Sector Company / Joint Venture / National and State level Cooperative Federations where annual turnover is Rs. 1,500 crore or more.

Joint Ventures Covered

1.      50:50 JVs of Central Government / State Governments.

2.      JVs of CPSEs with other CPSEs / organizations, 50:50 JVs.

Preference for Private Company Applicants

In case of private company, preference will be given to candidates from listed companies.

Order of Arrangement for Private Company / JV / Federation Applicants

Applicants from Private Company, JV and Federation will be arranged in order of annual turnover of these entities.

Turnover Calculation

Average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered.

Pay Scale Eligibility Conditions

CPSE Eligible Scales of Pay

IDA Scales

1.      Rs. 7250-8250, IDA, Pre 01/01/1992.

2.      Rs. 9500-11500, IDA, Post 01/01/1992.

3.      Rs. 20,500-26,500, IDA, Post 01/01/1997.

4.      Rs. 51300-73000, IDA, Post 01/01/2007.

5.      Rs. 120000-280000, IDA, Post 01.01.2017.

CDA Scales

1.      Rs. 18400-22400, CDA, Pre-revised Post 01.01.1996.

2.      Rs. 37400-67000 + GP 10000, CDA, Post 01/01/2006.

3.      Rs. 144200-218200, Level 14, CDA, Post 01/01/2016.

Minimum Length of Service in Eligible Scale

Internal Candidates

One year as on the date of vacancy.

Others

Two years as on the date of vacancy.

Central Government / AIS / Autonomous Bodies

Group ‘A’ officers of the Central Government including All India Services and Autonomous Bodies should be holding either:

1.      A post of the level of Joint Secretary in Government of India, or

2.      An equivalent post carrying equivalent scale of pay, on substantive basis, on the date of application.

NFU / NBR Condition

An officer drawing eligible pay scale only due to Non-Functional Upgradation (NFU) / Next Below Rule (NBR), without holding substantive post, is not eligible.

Public Sector Banks / Financial Institutions

Applicants should be holding:

1.      Board level post, or

2.      At least a post of the level immediately below the Board level for one year on the date of application.

Armed Forces

Applicants from Armed Forces of the Union should be holding a post of:

1.      Major General in the Army, or

2.      Equivalent rank in Navy / Air Force on the date of application.

SPSE / Private Companies / JVs / Federations

Applicants should be working at:

1.      Board level position, or

2.      At least a post of the level immediately below the Board level on the date of application.

Selection Process / Recruitment Process

Selection Process

Board reserves the right to shortlist applicants for interview, keeping in view the extant guidelines issued from time to time.

Interview

Interview is mentioned in the undertaking/debarment conditions.

Pay Scale / Salary Details

Pay Scale of Post

Rs. 75000-100000.

Schedule

Schedule A.

Duration of Appointment

Appointment Period

The appointment shall be for a period of five years from the date of joining.

Other Conditions

Appointment will be for five years from the date of joining or up to the date of superannuation or until further orders, whichever is earlier.

Condition of Immediate Absorption

Central Government Officers

Central Government Officers, including Armed Forces of the Union and All India Services, and officers from Public Sector Banks / Financial Institutions / Autonomous Bodies, will be eligible only on immediate absorption basis.

How to Apply

Application Mode

Online only as per the format.

Step-by-Step Process

Step 1

Visit the PESB website: https://pesb.gov.in/

Step 2

Fill up the Application Form online only against this Job Description.

Step 3

Choose one of the following options:

Option A

Fill up the application form online and forward it online as per the procedure specified in Para V(1).

Option B

Fill up the application form online, take a printout, and send it offline as per the procedure specified in Para V(1).

Step 4

Submit the application through proper channel as applicable.

Proper Channel for Application Submission

Group ‘A’ Central Government Officers

Through Cadre Controlling Authority.

Armed Forces of the Union and All India Services

Through Cadre Controlling Authority.

Officers from Public Sector Banks / Financial Institutions / Autonomous Bodies

Through their Administrative Ministry / Department of the Government of India.

CMDs / MDs / Functional Directors in CPSE

Through the concerned Administrative Ministry.

Below Board Level in CPSE

Through the concerned CPSE.

CMDs / MDs / Functional Directors in State PSE

Through the concerned Administrative Secretary and Cadre Controlling Authority, if any, of the State Government.

Below Board Level in SPSE

Through the concerned SPSE.

Applicants from Private Companies

Directly to PESB.

Applicants from JVs / Federations

Apply online and forward printed application through proper documents along with the application form.

Documents Required

For Private Companies / JVs / Federations

Applicants from Private Companies / JVs / Federations must submit:

1.      Annual Reports of three financial years preceding the calendar year in which the post is advertised of the organization in which currently working.

2.      URL or copies of annual reports.

3.      Documentary proof if the private company is listed.

4.      URL or copies for proof of listed company status.

5.      Evidence of working at Board level or at least a post of the level immediately below the Board level.

6.      Self-attested copies of documents in support of age.

7.      Self-attested copies of documents in support of qualifications.

8.      Relevant jobs handled in the past with details.

Vigilance Documents

CPSE / Government / Other Forwarding Authorities

Cadre Controlling Authority / Competent Authority should forward applications only of applicants clear from vigilance angle.

Vigilance Profile

Vigilance profile in 13 points proforma prescribed by CVC should be attached with the application form.

Latest DPE OM Mentioned

OM No. 15(2)/2001-DPE(GM)-FTS-4199 dated 28.10.2025.

CVC Circular Mentioned

CVC circular number 10/09/24 dated 06.09.2024.

SPSE / JV / Federation Vigilance

In case of SPSEs / JVs / Federations, Head of Organisation / Competent Authority / State Administrative Secretary / Cadre Controlling Authority should forward applications only of applicants clear from vigilance angle.

Undertaking by Applicant

Undertaking Requirement

Applicant has to give an undertaking as part of the application that he/she will join the post, if selected.

If Undertaking is Not Given

Application will be rejected.

Debarment Conditions

For Central Government / Armed Forces / All India Services / Public Sector Banks / Financial Institutions / Autonomous Bodies

Appointment Basis

Immediate absorption basis.

Unwillingness After Interview

If a candidate conveys unwillingness to join after interview is held, he/she will be debarred for two years from the date of interview from being considered for a Board level post in any CPSE.

Unwillingness After Offer

If a candidate conveys unwillingness to join after issue of offer of appointment, he/she will be debarred for two years from the date of offer of appointment from being considered for a Board level post in any CPSE.

For CPSE Candidates

Unwillingness After Interview

If a candidate conveys unwillingness to join after interview is held, he/she will be debarred for two years from the date of interview from being considered for a Board level post in any CPSE other than the one to which the candidate belongs.

Unwillingness After Offer

If a candidate conveys unwillingness to join after issue of offer of appointment, he/she will be debarred for two years from the date of offer of appointment from being considered for a Board level post in any CPSE other than the one to which the candidate belongs.

For SPSE / Private Sector / JVs / Federations

Unwillingness After Interview

If a candidate conveys unwillingness to join after interview is held, he/she will be debarred for two years from the date of interview from being considered for a Board level post in any CPSE.

Unwillingness After Offer

If a candidate conveys unwillingness to join after issue of offer of appointment, he/she will be debarred for two years from the date of offer of appointment from being considered for a Board level post in any CPSE.

Relaxation in Debarment

No request for relaxation or otherwise will be entertained.

Important Instructions / Terms & Conditions

1.      Applicants should submit applications online only as per the format.

2.      Applications must be submitted through proper channel, wherever applicable.

3.      Applicants must be employed in regular capacity on the date of application and interview.

4.      Contractual or ad-hoc employment is not allowed.

5.      Applicants from private companies will get preference if they are from listed companies.

6.      Private Company / JV / Federation applicants will be arranged in order of annual turnover.

7.      Average audited annual turnover of three financial years preceding the calendar year of advertisement will be considered.

8.      Central Government Officers and related categories are eligible only on immediate absorption basis.

9.      Applicant must give undertaking to join the post if selected.

10. If undertaking is not given, application will be rejected.

11. No application will be entertained after the stipulated date.

12. Incomplete applications will be rejected.

13. Applications received after the stipulated date will be rejected.

14. Board reserves the right to shortlist applicants for interview.

15. All correspondence with PESB should be addressed to Secretary, Public Enterprises Selection Board only.

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