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

PNB Housing Finance Limited announced the appointment of Ajai Kumar Shukla as the managing director and chief executive officer, effective December 18, 2025, for a period of five years. This appointment received approval from the board of directors, based on the recommendation of the nomination and remuneration committee, following the necessary regulatory clearances.

Shukla brings over three decades of experience in housing and mortgage lending. His career includes a 16-year tenure at Tata Capital Housing Finance Limited, where he held a senior leadership role, and prior associations with ICICI Bank and LIC Housing Finance Limited. His expertise spans business growth, credit, risk management, valuation, digital transformation, and affordable housing finance.

This leadership transition is expected to strengthen PNB Housing Finance's franchise and enhance customer trust, as stated by D. Surendran, chairperson, non-executive nominee director.