New Delhi/Kochi: The Public Enterprises Selection Board (PESB) has recommended Mr. Manoharan Potheri for the post of Director (Finance) at Fertilisers and Chemicals Travancore Limited (FACT), a Central Public Sector Undertaking (CPSU) under the Ministry of Chemicals and Fertilizers.
Manoharan Potheri is currently serving as Chief General Manager (Finance), Northern Region & Delhi State Office, Indian Oil Corporation Limited (IOCL). His name was selected after the PESB conducted interviews for the top finance position at FACT.
The recommendation will now be sent to the Appointments Committee of the Cabinet (ACC) for final approval. After completion of government formalities, Potheri is expected to take charge as Director (Finance), FACT.
PESB Interviews Eight Senior Finance Executives for FACT Director (Finance) Post
The PESB selection panel interviewed eight senior finance professionals from leading public sector organisations for the position.
The candidates interviewed were:
- Mr. Yogendra Prasad Shukla – Director (Finance), Hindustan Organic Chemicals Limited (HOCL)
- Mr. Manoharan Potheri – Chief General Manager (Finance), Northern Region & Delhi State Office, Indian Oil Corporation Limited
- Mr. Mahesh Kumar – Chief General Manager, Head of Finance, NRLDC, Grid Controller of India Limited (Grid-India)
- Mr. Kamal Nath Thakur – Additional General Manager (Internal Audit), NTPC Limited
- Mr. Dilip Kumar – General Manager (Finance), NHPC Limited
- Mr. Anant Narayan – Additional General Manager (Head of Internal Audit – PSWR), Bharat Heavy Electricals Limited (BHEL)
- Mr. Ajay Kumar Pandey – General Manager (Finance & Accounts), Steel Authority of India Limited (SAIL)
- Mr. Shunyabasi Behera – Deputy General Manager (Finance & Accounts), Rashtriya Ispat Nigam Limited (RINL)
After evaluating the experience and qualifications of all candidates, PESB selected Manoharan Potheri as its recommended choice for the post.
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Manoharan Potheri to Handle Key Finance Responsibilities at FACT
Once appointed, Mr. Manoharan Potheri will be responsible for managing the overall finance and accounts functions of FACT.
His key responsibilities will include:
- Financial planning and budgeting.
- Treasury management.
- Capital allocation.
- Statutory compliance.
- Formulation of financial policies.
- Strengthening financial management systems of the organisation.
As Director (Finance), he will become a member of the FACT Board of Directors and will work closely with the Chairman and Managing Director (CMD) on strategic financial decisions.
S. Sakthimani Currently Holding Additional Charge of Director (Finance), FACT)
At present, the additional charge of Director (Finance), FACT has been assigned to Mr. S. Sakthimani, Chairman & Managing Director of FACT, with effect from February 3, 2026.
The appointment process for a full-time Director (Finance) is now moving forward with PESB’s recommendation of Manoharan Potheri.
Final Appointment Awaiting ACC Approval
The PESB recommendation is an important step in the appointment process. The final decision will be taken after approval from the Appointments Committee of the Cabinet (ACC) and completion of required government procedures.
Following approval, Manoharan Potheri will assume charge of the Director (Finance) position and lead the financial operations of FACT.
About FACT
Fertilisers and Chemicals Travancore Limited (FACT) is a Central Public Sector Undertaking headquartered in Kochi, Kerala. Established after Independence, FACT was the first fertilizer manufacturing company in independent India and is one of the largest CPSUs in Kerala. The company operates under the administrative control of the Ministry of Chemicals and Fertilizers, Government of India, and is engaged in the production of fertilizers and chemicals.
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