PNB Housing Finance appoints Ajai Kumar Shukla as new MD & CEO

PNB Housing Finance Limited's board of directors, at its meeting on December 12, 2025, approved the appointment of Ajai Kumar Shukla as the new managing director & chief executive officer (MD & CEO) and key managerial personnel. His appointment is effective from December 18, 2025, for a period of five years, subject to shareholder approval.

Shukla, 52, brings over 30 years of experience in the housing and mortgage lending business, having previously worked with TATA Capital Housing Finance Limited for 16 years, where he served as chief business officer. He also held roles at ICICI Bank and LIC Housing Finance Limited.

The board confirmed that Shukla is not debarred from holding a director's office by any SEBI order and is not related to any of the company's promoters, promoter group members, or existing directors. Additionally, the company announced that Vipin Malhotra, who heads internal audit, has been designated as the internal auditor of the company, effective November 30, 2025.