IREDA CMD Recruitment 2026: Eligibility, Salary, Age Limit & Application Process

The IREDA Chairman & Managing Director recruitment (Advertisement No. 17/2026) offers a top-tier leadership role in India’s renewable energy sector, with a lucrative salary of ₹2,00,000–₹3,70,000 (IDA) and a five-year tenure or till age 60, reporting directly to the Government of India.

IREDA, a Nav Ratna CPSE under the Ministry of New and Renewable Energy, seeks highly experienced professionals aged 45+ with strong board-level or equivalent leadership exposure, relevant qualifications (engineering, CA/CMA, MBA, or post-graduation), and substantial experience in finance, operations, or HR within large organizations (₹5,000+ crore turnover).

The role involves strategic leadership, policy oversight, and organizational management at the national level, with strict eligibility, vigilance clearance, and binding undertakings to join if selected. Applications must be submitted online via PESB by February 18, 2026, through proper channels, making this a prestigious but highly competitive opportunity for seasoned leaders aiming to shape India’s renewable energy financing landscape.

IREDA Chairman & Managing Director Job: Complete Guide to Eligibility, Salary & Application Process (2026)

Are you an experienced professional eyeing a premium leadership position in India’s renewable energy sector? The Indian Renewable Energy Development Agency Limited (IREDA) has announced a Chairman & Managing Director recruitment (Advertisement No. 17/2026), offering an exceptional career opportunity with a salary package of ₹2,00,000 to ₹3,70,000 (IDA). This comprehensive guide covers everything job seekers need to know about eligibility, compensation, and how to apply successfully.

Understanding IREDA: The Organization Behind the Opportunity

IREDA is a Schedule ‘A’ Central Public Sector Enterprise (CPSE) operating under the Ministry of New and Renewable Energy. The organization recently achieved Nav Ratna status in May 2024, positioning it as one of India’s most prestigious public sector entities. With a capital base of ₹2,687.76 crores in paid-up capital and 167 regular employees, IREDA plays a critical role in promoting renewable energy projects across India.

The company’s dual registration as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India and its newly conferred Nav Ratna status demonstrate its significance in the financial services sector. This role offers not just a job but a chance to lead India’s sustainable energy transition at the highest corporate level.

IREDA CMD Role: Responsibilities and Impact

The Chairman and Managing Director serves as the Chief Executive of the Corporation, reporting directly to the Board of Directors and the Government of India. Key responsibilities include overseeing efficient corporation functioning, achieving corporate objectives, and meeting performance parameters.

This is a strategic leadership position where the successful candidate will steer policy decisions affecting India’s renewable energy financing landscape, manage organizational operations, and ensure accountability to government stakeholders and public shareholders.

IREDA CMD Salary and Compensation Package

The advertised salary for the CMD position is ₹2,00,000 to ₹3,70,000 per month (IDA scale), effective from the joining date of July 1, 2026. This places the position among India’s highest-paying government jobs, reflecting the seniority and responsibility of the role.

For qualified candidates from various sectors, salary considerations vary:

Age Eligibility Criteria for IREDA CMD Position

The age requirements differ for internal and external candidates:

• Internal Candidates (from CPSE): Minimum age of 45 years, with at least 2 years of residual service until superannuation at 60 years
• External Candidates: Minimum age of 45 years, with at least 3 years of residual service until superannuation at 60 years

These age brackets ensure experienced professionals with proven track records apply for this demanding position, while maintaining a reasonable maximum age limit to allow for meaningful tenure in the role.

Educational Qualifications Required

Candidates must possess at least one of the following qualifications from recognized institutes:

• Bachelor’s degree in Engineering
• Chartered Accountant (CA) certification
• Cost Accountant (CMA) certification
• Post-graduation in any discipline
• MBA or Post-Graduate Diploma in Management

The diverse educational background requirements reflect IREDA’s need for multifaceted expertise in finance, operations, and strategic management.

Professional Experience Requirements

IREDA seeks experienced professionals with demonstrated expertise in large organizations. There are two pathways to meet the experience criteria:

Path 1: Finance/Operations Background (5 years minimum)

Candidates must possess cumulative experience of at least 5 years during the last 10 years in one or more of these areas:

• Finance management
• Business Development
• Production or Operations
• Marketing
• Project Management

Experience in the renewable energy or power sector is highly desirable, though not mandatory.

Path 2: HR/HR-Operations Combination

Alternatively, candidates can demonstrate:

• At least 5 years in core HR/IR/Personnel Management
• Plus at least 3 years during the last 10 years in Finance, Business Development, Production, Operations, Marketing, or Project Management

Both experience tracks must be accumulated while working in large organizations of repute.

Employment Status Requirements: Who Can Apply?

You must be employed in a regular (permanent) capacity, not on contract or ad-hoc basis. Eligible employment categories include:

1. Central Public Sector Enterprises (CPSE) – Including full-time functional directors on CPSE boards
2. Central Government Group ‘A’ Officers – Including Armed Forces and All India Services
3. Public Sector Banks and Financial Institutions
4. Autonomous Bodies under Government of India
5. State Public Sector Enterprises (SPSE) – With annual turnover of ₹5,000 crore or more
6. Private Sector Companies – With annual turnover of ₹5,000 crore or more (preference for listed companies)

Important Note: The ₹5,000 crore threshold is calculated based on the average audited annual turnover of the three financial years preceding the calendar year in which the post is advertised.

Critical Pay Scale Eligibility for Current Government and CPSE Employees

This is one of the most stringent requirements. Government of India Group ‘A’ officers must currently hold a position at the Additional Secretary level or equivalent pay scale. Officers from Public Sector Banks and Financial Institutions must have served at Board level for at least one year as of the application date.

Armed Forces officers must hold the rank of Lieutenant General in the Army or equivalent rank in Navy/Air Force.

For CPSE candidates, the minimum length of service in the eligible pay scale is one year (for internal candidates) or two years (for external candidates) as on the date of vacancy.

Application Timeline and Deadlines

The recruitment process operates on a tight timeline:

Critical: The total timeline for receipt of complete applications at PESB is 30 days from the date of uploading. Incomplete applications or those received after the stipulated deadline will be automatically rejected without exception.

How to Apply for IREDA CMD Position

The application process is entirely online through the Public Enterprises Selection Board (PESB) website.

Step 1: Online Application Filing
Visit https://pesb.gov.in/ and fill the application form against Job Description Advertisement No. 17/2026. You have two options:

• Submit the form online directly after filling
• Print the form after filling and send it offline through proper channels

Step 2: Submission Through Proper Channels

Your submission route depends on your employment category:

• Government Group A Officers, Armed Forces, All India Services: Through your Cadre Controlling Authority
• PSB/Financial Institution Officers: Through your Administrative Ministry/Department
• CPSE CMDs/MDs/Functional Directors: Through your concerned Administrative Ministry
• Below Board-level CPSE Employees: Directly through your CPSE
• State PSE CMDs/MDs: Through your State Government’s Administrative Secretary and Cadre Controlling Authority
• Private Sector Candidates: Directly to PESB

Additional Documents Required for Private Sector Applicants

If you’re applying from the private sector, submit these documents along with your application:

1. Annual Reports of your current company for the 3 financial years preceding the calendar year the post was advertised (provide URLs or attach copies)
2. Proof of whether the company is listed on stock exchanges (include URLs or copies)
3. Documentary evidence of holding a Board-level position
4. Self-attested copies of age and qualification documents
5. Detailed description of relevant positions held previously

Vigilance Clearance Requirements

A critical screening criterion: Your organization’s Cadre Controlling Authority must clear you from the vigilance angle as per DPE guidelines (latest OM: F.No. 15(2)/2001-DPE(GM)-FTS-4199 dated October 28, 2025).

Your vigilance profile in the prescribed format must invariably be attached to the application. Any vigilance concerns could lead to automatic disqualification.

Appointment Duration and Terms

The appointment is for 5 years from the date of joining or until superannuation at age 60, whichever is earlier. Government can also terminate the appointment earlier under exceptional circumstances.

For Central Government and PSB officers, appointment is on an immediate absorption basis, meaning no notice period is required from your current employer.

Critical Undertakings Required

Applicants must provide undertakings committing to join if selected. Breaking this commitment carries significant penalties:

For Government and PSB Officers:

• Declining after interview: 2-year debarment from other Board-level CPSE positions
• Declining after appointment offer: 2-year debarment from other Board-level CPSE positions

For CPSE Employees:

• Declining after interview: 2-year debarment from Board-level positions in other CPSEs
• Declining after offer: 2-year debarment from Board-level positions in other CPSEs

For State PSE and Private Sector Candidates:

• Declining after interview: 2-year debarment from any CPSE Board-level position
• Declining after offer: 2-year debarment from any CPSE Board-level position

These penalties are non-negotiable and no relaxation requests are entertained.

Application Address

Address all applications to:

Secretary,
Public Enterprises Selection Board,
Public Enterprises Bhawan,
Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003

Ensure all correspondence with PESB references the Secretary’s office only.

Board’s Discretionary Powers

The Board reserves the right to shortlist applicants for interview based on the extant guidelines issued from time to time. This means the Board can set interview cutoff criteria and isn’t obligated to interview all applicants who meet minimum eligibility.

Key Takeaways for Job Seekers

1. Competitive Salary: The ₹2,00,000-₹3,70,000 monthly package makes this one of India’s most rewarding government positions
2. High Eligibility Bar: Experience at Board or equivalent level is mandatory; this isn’t an entry-level opportunity
3. Strict Timeline: Missing the February 18, 2026 deadline means automatic rejection
4. Commitment Required: The undertaking to join is binding; breaking it results in 2-year debarment
5. Organized Sector Preference: You must be employed in a large organization (₹5,000+ crore turnover)
6. Renewable Energy Experience: While desirable, not mandatory—financial or operations expertise suffices

Preparing Your Application: Pro Tips

• Start Early: Don’t wait until the deadline; applications are processed on a first-come basis with shortlisting
• Ensure Vigilance Clearance: Confirm your vigilance status with your organization before applying
• Document Everything: Gather all pay slips, performance appraisals, and certificates showing relevant experience
• Verify Organization Size: Confirm your current employer’s annual turnover meets the ₹5,000 crore threshold
• Proofread Meticulously: Incomplete or poorly filled applications are rejected without reconsideration
• Follow Channel Requirements: Submit through your organization’s proper channels; direct submissions may be rejected

Final Word

The IREDA Chairman & Managing Director position represents a pinnacle opportunity for seasoned professionals in India’s renewable energy and financial services sectors. With a generous salary, Nav Ratna status, and the chance to lead a pivotal organization, this role attracts top-tier talent.

However, the rigorous eligibility criteria and strict deadlines demand meticulous preparation and timely action. If you meet the experience and qualification bar, now is the time to prepare your application for submission by February 18, 2026.

FAQs

What is the IREDA CMD Recruitment 2026?
It is the recruitment process for the post of Chairman and Managing Director of Indian Renewable Energy Development Agency Limited through PESB.

Which organization is conducting the IREDA CMD recruitment?
The recruitment is conducted by the Public Enterprises Selection Board (PESB), Government of India.

What is the advertisement number for IREDA CMD 2026?
The advertisement number is 17/2026.

What is the salary of IREDA Chairman and Managing Director?
The salary ranges from ₹2,00,000 to ₹3,70,000 per month under the IDA pay scale.

When is the last date to apply for IREDA CMD Recruitment 2026?
The last date to submit the online application is February 18, 2026, up to 3:00 PM.

What is the minimum age required to apply for IREDA CMD?
The minimum age required is 45 years.

What is the maximum age limit for IREDA CMD post?
The maximum age is governed by the requirement of residual service until superannuation at 60 years.

Who is eligible to apply for IREDA CMD post?
Eligible candidates include CPSE executives, Government Group A officers, PSB and Financial Institution officers, Armed Forces officers, State PSE executives, and private sector professionals meeting turnover criteria.

Is private sector experience allowed for IREDA CMD Recruitment?
Yes, private sector candidates can apply if their organization has an average annual turnover of ₹5,000 crore or more.

What educational qualifications are required for IREDA CMD?
Candidates must have an Engineering degree, CA, CMA, MBA, PGDM, or any recognized postgraduate qualification.

Is renewable energy sector experience mandatory?
No, renewable energy experience is desirable but not mandatory.

What type of experience is required for IREDA CMD role?
Candidates must have significant experience in finance, operations, business development, project management, or HR at senior leadership levels.

Can contractual employees apply for IREDA CMD Recruitment?
No, only candidates employed on a regular and permanent basis are eligible.

What is the tenure of appointment for IREDA CMD?
The tenure is five years from the date of joining or until the age of 60, whichever comes earlier.

Is vigilance clearance mandatory for IREDA CMD selection?
Yes, vigilance clearance from the competent authority is mandatory and must be submitted with the application.

How can candidates apply for IREDA CMD 2026?
Candidates must apply online through the PESB website and forward the application through proper channels where applicable.

Is there any penalty for refusing the offer after selection?
Yes, refusal after interview or appointment leads to a two-year debarment from CPSE board-level positions.

What is the joining date for the selected IREDA CMD candidate?
The expected joining date is July 1, 2026.

Does PESB have the right to shortlist candidates?
Yes, PESB can shortlist candidates based on its guidelines and is not required to interview all eligible applicants.

Is this one of the highest-paying PSU jobs in India?
Yes, the IREDA CMD post is among the highest-paying government and PSU leadership positions in India.