PNB Housing Finance Limited has announced the appointment of Mr. Ajai Kumar Shukla as its Managing Director & Chief Executive Officer for a period of five years, effective December 18, 2025.
The appointment was approved by the company’s Board of Directors following the recommendation of the Nomination and Remuneration Committee and after receipt of requisite regulatory approvals.
Mr. Shukla brings over three decades of experience in housing and mortgage lending. He joins PNB Housing Finance from Tata Capital Housing Finance Limited, where he spent 16 years in senior leadership roles. During his career, he has overseen key functions including business growth, credit, risk management, valuation, digital transformation and affordable housing finance. Prior to Tata Capital, he was associated with ICICI Bank and LIC Housing Finance Limited.
Commenting on the appointment, Shri. D. Surendran, Chairperson, Non-Executive Nominee Director, PNB Housing Finance, said:
“On behalf of the Board, I am pleased to welcome Mr. Ajai Kumar Shukla as the Managing Director & Chief Executive Officer of PNB Housing Finance Limited. His deep domain expertise, strong leadership credentials, and proven track record across housing finance and mortgage lending will be instrumental as the Company enters its next phase of growth. We are confident that under his leadership, the Company will continue to strengthen its franchise, enhance customer trust, and deliver sustainable value to all stakeholders.”
