PNB Housing Finance has appointed Ajai Kumar Shukla as Managing Director & Chief Executive Officer (MD & CEO), effective December 18, 2025, for a term of 5 years, subject to shareholder approval. Vipin Malhotra has been designated as Internal Auditor of the Company, effective November 30, 2025. These changes were approved at a board meeting held on December 12, 2025.
Leadership Appointment
Ajai Kumar Shukla has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of PNB Housing Finance. His appointment is effective from December 18, 2025, for a period of 5 years. The appointment is subject to the approval of the shareholders.
Internal Auditor Designation
Vipin Malhotra, who heads Internal Audit, has been designated as the Internal Auditor of the Company, effective November 30, 2025.
About Ajai Kumar Shukla
Ajai Kumar Shukla is 52 years old and holds an MBA degree. He brings over 30 years of experience in the housing and mortgage lending business. Prior to this appointment, he was associated with Tata Capital Housing Finance Limited for 16 years, serving as the Chief Business Officer. His experience also includes roles in Credit, Risk, Valuation, Digital Transformation, and Affordable Housing Finance within TATA Capital. Earlier in his career, he worked with ICICI Bank for over 7 years in mortgage business and started his career with LIC Housing Finance Limited for 7 years.
No Inter-Director Relationship
Ajai Kumar Shukla is not related to any of the Promoters, members of the Promoter Group, or any of the Directors of the Company.
Source: BSE