PNB Housing Finance Appoints Ajai Kumar Shukla as MD & CEO
Filing Summary
PNB Housing Finance Limited has announced the appointment of Mr. Ajai Kumar Shukla as the new Managing Director and Chief Executive Officer, effective December 18, 2025. This decision follows the approval by the Board of Directors and the Nomination and Remuneration Committee, along with necessary regulatory clearances. Mr. Shukla brings over three decades of experience in housing and mortgage lending, having previously held a senior leadership role at Tata Capital Housing Finance Limited. His appointment is part of PNB Housing’s strategic leadership transition to drive future growth.
PNB Housing Finance Limited has confirmed the appointment of Mr. Ajai Kumar Shukla as the new Managing Director and Chief Executive Officer effective from December 18, 2025. This appointment was sanctioned by the Board of Directors based on the recommendation from the Nomination and Remuneration Committee. The necessary regulatory approvals have been obtained to facilitate this leadership transition.
The filing does not disclose specific financial terms related to Mr. Shukla’s appointment. The focus remains on his role as the new MD & CEO, with no mention of compensation or financial arrangements in the document.
Mr. Shukla joins PNB Housing Finance with extensive experience in the housing finance sector. His previous role was with Tata Capital Housing Finance Limited, where he served for 16 years in senior leadership positions. His expertise spans various critical functions, including business growth, credit, risk management, valuation, digital transformation, and affordable housing finance. Prior to Tata Capital, Mr. Shukla was associated with ICICI Bank and LIC Housing Finance Limited.
The appointment of Mr. Shukla is part of PNB Housing’s strategic efforts to enhance its leadership team. The company aims to leverage his extensive experience in housing and mortgage lending to navigate its next phase of operations. The filing emphasizes the procedural compliance with regulatory requirements, ensuring a smooth transition in leadership.
The effective date for Mr. Shukla’s appointment is December 18, 2025. The filing indicates that his tenure as MD & CEO is set for a period of five years. The document does not specify any interim milestones or additional parties involved in the transition process.
PNB Housing Finance Limited is a registered housing finance company with the National Housing Bank. It was incorporated under the Companies Act, 1956, and began operations on November 11, 1988. Promoted by Punjab National Bank, PNB Housing provides housing loans to individuals and corporate bodies for various purposes, including purchase, construction, repair, and upgradation of houses. The company also offers loans for commercial spaces and residential plots.