Oil India Limited Invites Applications for Director (Finance) Post Through PESB

New Delhi, March 18, 2026: The Public Enterprises Selection Board (PESB) has invited applications for the post of Director (Finance) at Oil India Limited (OIL), a Schedule ‘A’ Maharatna CPSE under the Ministry of Petroleum and Natural Gas.

Company Profile

Established in 1959, Oil India Limited was initially a joint venture between the Government of India and Burmah Oil Company to manage oil fields in Assam. It became a Central Public Sector Enterprise in 1981 and has since expanded operations across India and overseas.

Registered Office: Duliajan, Assam
Corporate Office: Noida, Uttar Pradesh
Workforce: 6,580 employees (as of December 31, 2025)
Government of India Shareholding: 56.66%
Paid-up Capital: ₹1,626.61 crore

Role & Responsibilities

The Director (Finance) will be a member of the Board and report directly to the Chairman & Managing Director. The role involves:

Overseeing finance and accounts functions
Formulating and implementing financial policies
Ensuring financial governance and compliance

Eligibility Criteria

Educational Qualification:

Chartered Accountant (CA) / Cost Accountant / MBA or PGDM (Finance)
Preference given to Chartered Accountants

Experience:

Minimum 5 years of cumulative experience at a senior level in the last 10 years
Experience in Corporate Financial Management / Corporate Accounts

Employment Eligibility:
Applicants must be working in:

CPSEs, Central Government, State PSUs, or
Private sector companies with turnover above ₹10,000 crore

Age and Tenure

Minimum age: 45 years
Tenure: 5 years or until superannuation (whichever is earlier)

Pay Scale

₹180000 – ₹340000 (IDA)

Application Process

Last date to apply online: April 7, 2026 (3:00 PM)
Last date for forwarding applications: April 16, 2026 (5:00 PM)
Applications must be submitted via the PESB website and through proper channel

Key Note

Only candidates with a strong financial background and senior-level experience in reputed organizations will be considered. The appointment will be made on an immediate absorption basis for eligible government officers.