PESB fails twice to find successor of Ravindra Nath as CMD, NSIC

The Public Enterprises Selection Board (PESB) has failed to find suitable candidate for the post of Chairman-cum-Managing Director, National Small Industries Corporation Limited (NSIC) for the second time. The Board has recommended the concerned Ministry to choose an appropriate course of further action for selection. The PESB had held first interviews on May 17, but did not find suitable candidate and decided to see more candidates. Notably, the whispersinthecorridors.com on its June 12 bulletin highlighted that the Government of India was searching a candidate who could lead the legacy present incumbent Ravindra Nath who bailed out the company from financial crisis and made it a profitable PSU.