PESB Recommends IOCL Executive Manoharan Potheri as Director (Finance) of FACT – Indian PSU
The Public Enterprises Selection Board (PESB) has recommended Manoharan Potheri, currently serving as Chief General Manager (Finance), Northern Region & Delhi State Office, Indian Oil Corporation Limited (IOCL), for appointment as Director (Finance) of The Fertilisers and Chemicals Travancore Limited (FACT), a Schedule ‘A’ Central Public Sector Enterprise under the Ministry of Chemicals and Fertilizers. The recommendation was made during PESB Meeting No. 63/2026, held on Saturday, July 25, 2026.
Manoharan Potheri emerged successful after competing with seven other senior finance professionals from leading Central Public Sector Undertakings (CPSUs).
Candidates Interviewed by PESB
The following executives were interviewed for the coveted Board-level position:
- Yogendra Prasad Shukla – Director (Finance), Hindustan Organic Chemicals Limited (HOCL)
- Manoharan Potheri – Chief General Manager (Finance), Northern Region & Delhi State Office, Indian Oil Corporation Limited (IOCL)
- Mahesh Kumar – Chief General Manager, Head of Finance, NRLDC, Grid Controller of India Limited (Grid-India)
- Kamal Nath Thakur – Additional General Manager (Internal Audit), NTPC Limited
- Dilip Kumar – General Manager (Finance), NHPC Limited
- Anant Narayan – Additional General Manager (Head of Internal Audit – PSWR), Bharat Heavy Electricals Limited (BHEL)
- Ajay Kumar Pandey – General Manager (Finance & Accounts), Steel Authority of India Limited (SAIL)
- Shunyabasi Behera – Deputy General Manager (Finance & Accounts), Rashtriya Ispat Nigam Limited (RINL)
Following the interviews, the PESB panel recommended Manoharan Potheri for the Board-level post.
About the Appointment
The recommendation will now be forwarded to the Appointments Committee of the Cabinet (ACC) for final approval. Upon receiving the necessary government clearances, Manoharan Potheri will assume charge as Director (Finance) at FACT.
As Director (Finance), he will be responsible for the company’s overall finance and accounts functions, including financial planning, budgeting, treasury management, capital allocation, statutory compliance and formulation of financial policies.
FACT, headquartered in Kochi, Kerala, is India’s first fertilizer manufacturing company established after Independence and is one of the country’s leading fertilizer and chemical manufacturers.
