PNB Housing Finance Limited has announced the appointment of Ajai Kumar Shukla as the new Managing Director & Chief Executive Officer (MD & CEO), effective December 18, 2025. Shukla brings over three decades of experience in housing and mortgage lending, joining from Tata Capital Housing Finance Limited. The appointment has been approved by the Board of Directors.
Leadership Change at PNB Housing
Ajai Kumar Shukla has been appointed as the Managing Director & Chief Executive Officer of PNB Housing Finance Limited, effective December 18, 2025. He will serve a term of 5 years. The decision was approved by the Board of Directors, following recommendations from the Nomination and Remuneration Committee.
Shukla’s Background
Shukla has extensive experience in the housing finance sector, with over three decades in housing and mortgage lending. Prior to this appointment, he held a leadership role at Tata Capital Housing Finance Limited for 16 years. He has also worked at ICICI Bank and LIC Housing Finance Limited, managing functions such as business growth, credit, risk management, and digital transformation.
Comments on the Appointment
D. Surendran, Chairperson, Non-Executive Nominee Director at PNB Housing Finance, expressed his pleasure in welcoming Ajai Kumar Shukla. He stated that Shukla’s expertise, leadership, and track record in housing finance will be instrumental as the company enters its next phase of growth.
Ajai Kumar Shukla commented that he is honored to join PNB Housing Finance and looks forward to working with the Board and the team.
About PNB Housing Finance
PNB Housing Finance Limited is a registered housing finance company with National Housing Bank. It commenced operations on November 11, 1988, and is promoted by Punjab National Bank (PNB). The company’s shares are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) since November 7, 2016.
Source: BSE
