Girish Kousgi Resigns as MD and CEO of PNB Housing Finance
Girish Kousgi, the Managing Director and CEO of PNB Housing Finance, has submitted his resignation, effective from October 28, 2025. The board has accepted his resignation, and Kousgi will step down from his roles in the company and its subsidiaries.
Girish KousgiPnb Housing FinanceCeo ResignationFinancial LeadershipNbfcReal Estate NewsJul 31, 2025
Kousgi has decided to pursue opportunities outside the organization. As part of his resignation, he will also step down as a director on the boards of PHFL Home Loans and Services Limited and PEHEL Foundation, which are subsidiaries of PNB Housing Finance.
The board expressed gratitude for Kousgi's leadership and acknowledged the transformational journey the company has undergone under his guidance. PNB Housing Finance is now well-positioned for future growth, thanks to Kousgi's strategic vision and dedication.
In his resignation letter, Kousgi emphasized his commitment to ensuring a smooth transition. He noted that the company has achieved significant milestones during his tenure and is poised for continued success. Kousgi's leadership has been instrumental in driving the company's growth and enhancing its market position.
PNB Housing Finance is a leading non-banking financial company (NBFC) in India, specializing in providing housing finance solutions. The company has a strong presence in both urban and rural areas, offering a wide range of products and services to meet the diverse needs of its customers. Kousgi's tenure has been marked by a focus on innovation, customer satisfaction, and sustainable growth.
The company's board has already initiated the process to identify a suitable successor to ensure a seamless transition. The board remains committed to maintaining the company's momentum and continuing to deliver value to its stakeholders.
Kousgi's departure marks the end of an era for PNB Housing Finance, but the company is confident in its ability to build on the strong foundation laid during his leadership. The board and management team are dedicated to maintaining the company's reputation for excellence and driving future success.
Frequently Asked Questions
When will Girish Kousgi's resignation take effect?
Girish Kousgi's resignation will take effect from October 28, 2025, after business hours.
What positions will Kousgi step down from?
Kousgi will step down as Managing Director and CEO of PNB Housing Finance, as well as from his roles as a director on the boards of PHFL Home Loans and Services Limited and PEHEL Foundation.
What has been the impact of Kousgi's leadership on PNB Housing Finance?
Under Kousgi's leadership, PNB Housing Finance has undergone a transformational journey and is now well-positioned for future growth. His strategic vision and dedication have been instrumental in driving the company's growth and enhancing its market position.
What is the next step for PNB Housing Finance after Kousgi's resignation?
The company's board has initiated the process to identify a suitable successor to ensure a seamless transition. The board remains committed to maintaining the company's momentum and continuing to deliver value to its stakeholders.
What is PNB Housing Finance's focus in the market?
PNB Housing Finance is a leading non-banking financial company (NBFC) in India, specializing in providing housing finance solutions. The company focuses on innovation, customer satisfaction, and sustainable growth, with a strong presence in both urban and rural areas.
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