PNB Housing Finance announced a significant leadership update following its Board meeting held on December 12, 2025. The company has approved the appointment of Mr. Ajai Kumar Shukla as its new Managing Director & Chief Executive Officer, effective December 18, 2025, for a tenure of five years, subject to shareholder approval. The appointment follows the recommendations of the Nomination and Remuneration Committee and comes with all necessary regulatory clearances. The company also confirmed that Mr. Shukla is not debarred by SEBI or any other authority from holding a directorial position.
At 52, Mr. Shukla brings over three decades of expertise in the housing and mortgage finance sector. He has spent the last 16 years at Tata Capital Housing Finance Limited, most recently serving as Chief Business Officer. His extensive experience spans credit, risk, valuation, digital transformation, and affordable housing finance. Prior to Tata Capital, he worked with ICICI Bank for more than seven years and began his career at LIC Housing Finance, where he spent another seven years building domain expertise.
Alongside this top-level appointment, PNB Housing has also designated Mr. Vipin Malhotra, who heads the Internal Audit function, as the company’s Internal Auditor with effect from November 30, 2025.
