PNB Housing Finance Limited has announced the appointment of Ajai Kumar Shukla as its Managing Director and Chief Executive Officer, effective December 18, 2025. The appointment, approved by the company’s Board of Directors following the recommendation of the Nomination and Remuneration Committee, is for a five-year term and is subject to necessary regulatory clearances.
Shukla brings more than 30 years of experience in housing finance and mortgage lending to the role. He joins PNB Housing Finance from Tata Capital Housing Finance Limited, where he spent 16 years in senior leadership positions. During his tenure, he played a pivotal role in driving business expansion and led key verticals including credit, risk management, valuation, digital initiatives, and affordable housing finance.
Earlier in his career, Shukla held roles at ICICI Bank and LIC Housing Finance Limited, giving him broad exposure across banking and housing finance institutions and strengthening his understanding of the financial services ecosystem.
Commenting on the appointment, Shri D. Surendran, Chairperson and Non-Executive Nominee Director of PNB Housing Finance, said that the Board was pleased to welcome Shukla as managing director and CEO. He noted that Shukla’s domain expertise, leadership experience, and track record in housing finance and mortgage lending would be instrumental as the company enters its next phase of growth. He added that the Board is confident Shukla’s leadership will help strengthen the company’s franchise, enhance customer trust, and deliver sustainable value to stakeholders.
Speaking on his appointment, Shukla said that PNB Housing Finance has established itself as a leading and trusted organisation in the housing finance sector. He added that he looks forward to working with the Board, senior leadership, and employees as the company aligns with the country’s growth aspirations. Shukla said his focus would be on driving operational excellence, strengthening customer trust, and positioning the company as a benchmark for innovation and inclusive growth.
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