Director (Finance) Vacancy at Shipping Corporation of India (SCI) – Eligibility, Salary, Apply by 7th August 2025

The Shipping Corporation of India Limited (SCI), a Navratna CPSE under the Ministry of Ports, Shipping & Waterways, has invited applications for the post of Director (Finance), a key Board-level position responsible for the corporation’s financial strategy and management.

Eligible candidates must be Chartered Accountants, Cost Accountants, or MBAs/PGDMs with a finance specialization and possess significant senior-level experience in corporate financial management. The position offers a pay scale of ₹180,000 – ₹340,000 (IDA) and is based in Mumbai, with applications open until 3:00 PM on 7th August 2025.

For complete details on eligibility, pay scale, and application process, candidates can refer to the official PESB portal. This update is brought to you by AUBSP, your trusted source for professional opportunities in CPSEs.

Director (Finance) at The Shipping Corporation of India Ltd (SCI)

The Shipping Corporation of India Limited (SCI), a Schedule ‘A’ Navratna Central Public Sector Enterprise (CPSE), has announced an exciting opportunity for the post of Director (Finance).

This key position holds strategic importance, forming part of SCI’s top management and reporting directly to the Chairman & Managing Director. In this article, AUBSP provides a detailed guide on eligibility, qualifications, responsibilities, and application procedures for this coveted post.

About SCI: A Brief Overview

Established on October 2, 1961, through the merger of Eastern and Western Shipping Corporations, SCI is India’s primary flag carrier for international and coastal shipping. Operating under the administrative control of the Ministry of Ports, Shipping & Waterways, SCI provides diverse shipping services including:

• Bulk carriers and tankers
• Liner services
• Technical and managed vessels
• LNG vessel operations via joint ventures
• Inland Waterways operations via ICSL (subsidiary)
• Financial services arm via SCI Bharat IFSC Ltd (Gift City, Gujarat)

Key Stats

• Authorized Capital: ₹1000 crores
• Paid-up Capital (as on 31.03.2024): ₹465.80 crores
• Manpower (as on 31.03.2025): 448 shore employees, 1781 seafarers
• Listing: Shares listed on NSE and BSE

Job Description: Director (Finance)

The Director (Finance) will act as a financial strategist, advisor, and guardian of the corporation’s financial health. Key responsibilities include:

• Overseeing all finance and accounting functions
• Formulating financial policies
• Monitoring budgets, audits, and treasury operations
• Ensuring compliance with financial regulations and corporate governance norms

This role demands a deep understanding of financial operations in a CPSE and strong leadership capability to align financial goals with the corporation’s mission.

Eligibility Criteria

Age Requirement

Employment Status

Applicants must be currently serving in a regular capacity in:

• CPSE/ SPSE (with ₹5000+ crore turnover)
• Central/State Government Group ‘A’ services
• Armed Forces
• Public Sector Banks/Autonomous Bodies
• Private Sector (preferably listed, ₹5000+ crore turnover)

Educational Qualifications

• Mandatory: Chartered Accountant / Cost Accountant / Full-time MBA or PGDM (Finance specialization)
• Preferred: Chartered Accountant
• Exempted Applicants:
  • Group ‘A’ Accounts Services officers
  • Central Government/Armed Forces/All India Services (with relevant experience)

Experience Requirements

Eligible Pay Scales

Eligible candidates should be holding or have held the following pay scales for at least:

• Internal candidates: 1 year
• Others: 2 years

Applicable Scales (IDA & CDA)

Application Process

Mode of Submission

1. Online Submission:
   • Via https://pesb.gov.in
   • Option to print and send hard copy (offline)
2. Route for Application:
   • Govt./Armed Forces/AIS: Through Cadre Controlling Authority
   • CPSE/SPSE: Through administrative ministry or authority
   • Private Sector: Direct to PESB (with required documents)

Documents for Private Sector Applicants

1. Annual reports (last 3 years)
2. Proof of listing (if applicable)
3. Evidence of board or one-below-board level experience
4. Age and qualification proof
5. Detailed job history

Important Dates

FAQs on Shipping Corporation of India

What is the position announced by the Shipping Corporation of India (SCI)?
SCI has announced a vacancy for the post of Director (Finance), a key Board-level role responsible for overseeing the finance and accounts functions.

Who is eligible to apply for the Director (Finance) position at SCI?
Candidates must be Chartered Accountants, Cost Accountants, or hold a full-time MBA/PGDM with a specialization in Finance from a recognized institution, with relevant senior-level experience.

What is the last date to apply for the SCI Director (Finance) position?
The last date for submission of applications by candidates is 3:00 PM on 7th August 2025. Applications forwarded by nodal officers must reach PESB by 5:00 PM on 18th August 2025.

Where is the job location for the Director (Finance) role?
The job location is at SCI’s registered office in Mumbai, Maharashtra.

What is the pay scale for the Director (Finance) at SCI?
The position carries an IDA pay scale of ₹180,000 – ₹340,000.

What is the term of appointment for this position?
The appointment will be for five years from the date of joining or until the age of superannuation (60 years), whichever is earlier.

Is this position on a contractual basis?
No, the position is on a full-time, regular basis.

Is prior experience mandatory for this post?
Yes, applicants must have at least five years of senior-level experience in Corporate Financial Management or Corporate Accounts in the last ten years.

Are government officers eligible for this post?
Yes, Group ‘A’ officers from Central Government, Armed Forces, and All India Services are eligible, provided they meet the required experience criteria.

Is there any exemption in educational qualifications for government officers?
Yes, officers from Organized Group ‘A’ Accounts Services and certain government roles may be exempt from specific educational qualifications if they have the required experience.

Can private sector professionals apply for this position?
Yes, professionals from the private sector with an annual company turnover of ₹5000 crore or more and experience at board or below-board level can apply.

Is preference given to any specific qualifications?
Yes, preference will be given to candidates who are Chartered Accountants and those from listed companies.

How should private sector candidates submit their applications?
Private sector candidates must apply directly to PESB and submit supporting documents such as company annual reports, listing status, board-level experience proof, and educational credentials.

What documents are required from private sector applicants?
They must submit the last three years of annual reports, proof of listing (if applicable), experience certificates, age and qualification documents, and detailed job roles handled.

What is the age limit for applicants?
The minimum age is 45 years. Internal candidates must have at least 2 years of residual service and others must have 3 years as of the date of vacancy (01.04.2026).

Where can applications be submitted?
Applications must be submitted online through the PESB website https://pesb.gov.in. Candidates may also print and send the application offline after submission.

Is there any penalty for declining the job offer after selection?
Yes, candidates who decline after the interview or after receiving the offer will be debarred from applying for Board-level posts in CPSEs for two years.

Who handles the disinvestment process of SCI?
The disinvestment process of the Government of India’s 63.75% stake in SCI is being handled by DIPAM in coordination with transaction and legal advisors.

What is the organizational structure of SCI?
SCI operates under the Ministry of Ports, Shipping & Waterways and has diversified operations across shipping, LNG, technical consultancy, and inland waterways.

Is SCI a listed company?
Yes, SCI is a listed CPSE with its shares traded on both NSE and BSE.

How many employees work at SCI?
As of 31.03.2025, SCI employed 448 shore-based staff and approximately 1781 seafarers on its vessels.

What is the capital structure of SCI?
As of 31.03.2024, SCI had an authorized capital of ₹1000 crore and a paid-up capital of ₹465.80 crore.

What happens if a candidate fails to route the application through proper channels?
Applications not routed through the proper administrative channels as required will be rejected.

What is the official contact for all communication regarding the post?
All communication must be addressed to the Secretary, Public Enterprises Selection Board, Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003.

Who can candidates contact for clarification or assistance?
All queries must be directed to the Secretary, Public Enterprises Selection Board, as per the guidelines provided in the advertisement.

Applicants should ensure they meet all eligibility criteria, submit complete documentation, and route their applications properly. SCI is a prestigious Navratna CPSE, and the role of Director (Finance) offers an unparalleled opportunity for finance professionals to lead, innovate, and contribute to India’s maritime ambitions.

For the latest updates on CPSE recruitments and professional career guidance, keep following AUBSP.com — your reliable source for authoritative and authentic information.