Director (Finance) Vacancy at Cotton Corporation of India | PESB CPSE Job 2026

The Director (Finance) position at the Cotton Corporation of India Limited (CCIL) is a senior board-level role advertised through the Public Enterprises Selection Board under the Ministry of Textiles. CCIL, a Schedule B Mini Ratna-I CPSE fully owned by the Government of India, plays a key role in cotton procurement at Minimum Support Price (MSP).

The Director (Finance) will oversee financial management, budgeting, accounts, policy formulation, compliance, and efficiency improvements, reporting to the CMD. Applicants must be at least 40 years old with required residual service, hold qualifications such as CA/CMA/MBA (Finance), and possess significant senior-level finance experience.

The pay scale is Rs. 160,000–290,000 (IDA) with a five-year tenure. Eligible candidates from CPSEs, government services, PSBs, armed forces, SPSEs, and large private firms may apply via the PESB portal, adhering to strict routing, documentation, vigilance clearance, and deadlines (March 13, 2026). Early eligibility checks and vigilance compliance are critical for successful consideration.

Director Finance Job at Cotton Corporation of India

Apply for Director (Finance) at Cotton Corporation of India: The Cotton Corporation of India Limited (CCIL) has opened applications for the prestigious Director (Finance) position through PESB, offering a high-level board role in a Mini Ratna CPSE under the Ministry of Textiles. This AUBSP guide breaks down the job details, eligibility, and application process to help senior finance professionals apply confidently and boost their chances in CPSE job searches.

CCIL Company Overview

CCIL, incorporated in 1970 under the Indian Companies Act, 1956, initially served as a canalizing agency for cotton imports, focusing on long and extra-long staple varieties. Its role expanded to procure cotton at the Minimum Support Price (MSP) set by the Government of India, ensuring remunerative prices for farmers.

As a Schedule B Mini Ratna-I Central Public Sector Enterprise (CPSE), CCIL operates under the Ministry of Textiles with 100% Government of India ownership. The company employs 896 regular staff (152 executives, 744 non-executives as of March 31, 2025), with registered and corporate offices in Mumbai, Maharashtra; authorized capital stands at Rs. 75 crores and paid-up at Rs. 25 crores.

Director Finance Role Responsibilities

The Director (Finance) sits on the Board of Directors, reporting directly to the Chairman-cum-Managing Director. Key duties include overseeing finance, budgeting, and accounts functions while formulating and implementing related policies.

The role demands ensuring compliance with all relevant laws and driving system improvements for efficiency. This senior position influences strategic financial decisions in cotton procurement and operations.

Eligibility Criteria Breakdown

Age and Service Requirements

Minimum age is 40 years, with internal candidates needing 2 years residual service and others 3 years as of the Date of Vacancy (DOV), against a superannuation age of 60. Applicants must hold regular employment (not contractual/ad-hoc).

Employment Status

Eligible from: CPSEs (including board directors), Central Govt Group ‘A’ officers/Armed Forces/All India Services/PSBs/FIs/Autonomous Bodies, SPSEs (turnover Rs.1,000 Cr+), Private Companies/JVs/Federations (turnover Rs.1,000 Cr+, listed preferred).

Qualifications and Experience

• Chartered Accountant, Cost Accountant, or full-time MBA/PGDM (Finance) from a recognized institute; CA preferred.
• Organized Group ‘A’ Accounts Services exempt if experienced.
• Minimum 5 years senior-level cumulative experience in last 10 years in Corporate Financial Management/Accounts.

Eligible scales include Rs.100,000-260,000 (IDA post-2017), Rs.123,100-215,900 (Level 13 CDA), etc.

Salary and Appointment Details

The role offers Rs. 160,000 – 290,000 (IDA) in Schedule B, with a 5-year tenure or until superannuation/further orders. Central Govt officers eligible only on immediate absorption basis.

Step-by-Step Application Process

Submit online via PESB website (pesb.gov.in).

• Proper Channel Routing: Central Govt via Cadre Authority; CPSE via company/Admin Ministry; Private direct to PESB.
• Documents for Private/JV: 3-year annual reports, listing proof, board-level evidence, age/qualifications, past jobs.
• Vigilance Clearance: Mandatory 13-point proforma from CVC.
• Deadlines: Online apps by 3:00 PM, March 13, 2026; Forwards by 5:00 PM, March 23, 2026.

Include undertaking to join if selected; non-compliance leads to rejection.

Key Tips for CPSE Job Seekers

Check vigilance clearance early and ensure exact pay scale/service match to avoid disqualification. Private applicants: Prioritize turnover proof for shortlisting edge. Unwillingness post-interview debars you 2 years from CPSE board posts.

PESB shortlists based on guidelines; address apps to Secretary, PESB, New Delhi. Act fast—this vacancy (Advt. No. 27/2026) fills Date of Vacancy: January 1, 2027.

FAQs

What is the post advertised by Cotton Corporation of India Limited?
The vacancy is for the Director (Finance), a board-level position responsible for overseeing finance, budgeting, accounts, compliance, and financial policy matters.

Which organization is conducting the selection process?
The selection is conducted by the Public Enterprises Selection Board (PESB), which handles appointments to top management posts in Central Public Sector Enterprises.

What type of organization is Cotton Corporation of India Limited (CCIL)?
CCIL is a Schedule B, Mini Ratna-I Central Public Sector Enterprise under the Ministry of Textiles, fully owned by the Government of India.

Where is Cotton Corporation of India Limited headquartered?
CCIL has its registered and corporate offices in Mumbai, Maharashtra, India.

What is the pay scale for the Director (Finance) position?
The pay scale is Rs. 160,000 – 290,000 (IDA), applicable to Schedule B CPSE board-level roles.

What is the tenure of appointment?
The appointment is for five years or until the date of superannuation or further orders, whichever is earlier.

What is the superannuation age for this role?
The superannuation age is 60 years.

What is the minimum age required to apply?
Applicants must be at least 40 years old as of the Date of Vacancy (DOV).

Is residual service required for applicants?
Yes, internal candidates must have at least two years of residual service, while others must have three years as of the DOV.

What educational qualifications are required?
Candidates should be a Chartered Accountant, Cost Accountant, or hold a full-time MBA/PGDM with specialization in Finance. CA qualification is preferred.

Are any candidates exempt from qualification requirements?
Officers from organized Group ‘A’ Accounts Services may be exempt if they possess adequate relevant experience.

What experience is required for eligibility?
Applicants must have at least five years of cumulative senior-level experience in corporate financial management or accounts during the last ten years.

Which sectors are eligible to apply?
Eligible applicants may come from CPSEs, Central Government, Public Sector Banks, Financial Institutions, Armed Forces, State Public Sector Enterprises, or qualifying private sector companies.

Can private sector candidates apply?
Yes, provided the company meets the minimum turnover criteria of Rs. 1,000 crores and other PESB requirements.

Is listing status important for private sector applicants?
While not always mandatory, listed company experience is generally preferred for shortlisting.

What is the application mode?
Applications must be submitted online through the PESB website.

Is offline application allowed?
No, only online applications are accepted.

What is the last date to apply online?
The deadline for submitting online applications is March 13, 2026, by 3:00 PM.

What is the forwarding deadline for applications?
Forwarded applications must reach PESB by March 23, 2026, by 5:00 PM.

Is vigilance clearance required?
Yes, vigilance clearance in the prescribed 13-point format is mandatory for all candidates.

Who should forward the application for government employees?
Central Government applicants must route their applications through the cadre controlling authority.

How should CPSE employees submit applications?
CPSE candidates must route their applications through their respective company and administrative ministry.

What documents are required for private applicants?
Private sector candidates must provide annual reports, proof of company turnover, listing status (if applicable), age, qualifications, and board-level experience details.

Can contractual employees apply?
No, only regularly employed candidates are eligible; contractual or ad-hoc employees are not permitted.

What happens if a selected candidate refuses to join?
Refusal after selection can result in debarment from future CPSE board-level opportunities for a specified period.

What is the Date of Vacancy (DOV)?
The Date of Vacancy is January 1, 2027.

Who does the Director (Finance) report to?
The Director (Finance) reports directly to the Chairman-cum-Managing Director (CMD).

What are the core responsibilities of the Director (Finance)?
Responsibilities include financial planning, budgeting, accounts oversight, policy formulation, regulatory compliance, and improving financial systems.

Is this a board-level position?
Yes, the Director (Finance) is a member of the Board of Directors.

Are Central Government officers appointed on deputation?
No, Central Government officers are considered only on an immediate absorption basis.

What is CCIL’s primary business function?
CCIL is primarily involved in cotton procurement operations, including purchases at the Minimum Support Price (MSP).

Why is the Director (Finance) role significant?
The role directly influences strategic financial decisions affecting procurement, operations, and corporate governance.

Where should queries regarding the recruitment be addressed?
Queries are typically directed to PESB as per the official advertisement guidelines.

Is prior board-level experience mandatory?
Board-level or equivalent senior management experience is generally required depending on the applicant’s sector.

What happens if eligibility criteria are not exactly met?
Failure to meet pay scale, experience, or service requirements can lead to immediate disqualification.

Is early application recommended?
Yes, early submission allows time to resolve vigilance, documentation, and forwarding formalities.

Can multiple applications be submitted?
Candidates should submit only one accurate application; duplicate or incorrect submissions may cause rejection.

Does PESB guarantee interview calls for all applicants?
No, PESB shortlists candidates based on established selection guidelines.

Is the Director (Finance) responsible for compliance matters?
Yes, ensuring compliance with financial, corporate, and regulatory laws is a key responsibility.

What skills are important for this role?
Strategic financial management, policy formulation, regulatory knowledge, leadership, and corporate governance expertise are critical.

Is experience in CPSEs advantageous?
Yes, CPSE experience often aligns well with PESB selection parameters.

Can retired professionals apply?
No, applicants must be in regular service and meet residual service conditions.

Is there any application fee mentioned?
Typically, PESB advertisements do not specify application fees for such posts unless stated otherwise.

What is the main objective of CCIL as a CPSE?
CCIL’s objective includes stabilizing cotton markets and ensuring fair prices to farmers through MSP operations.

Does the Director (Finance) influence policy decisions?
Yes, the role involves formulation and implementation of financial and related corporate policies.