PNB Housing Finance Appoints Ajai Kumar Shukla as MD & CEO for Five-Year Term

PNB Housing Finance, a leading player in the Indian housing finance market, has announced the appointment of Ajai Kumar Shukla as its new Managing Director and Chief Executive Officer. The appointment is for a five-year term, effective from December 18, 2025.

Shukla brings a wealth of experience to the role, having spent over 30 years in the housing finance and mortgage sector. Most recently, he served as the Chief Business Officer at Tata Capital Housing Finance Ltd, a position he has held for the past 16 years. During his tenure, he has managed several critical functions, including Credit, Risk, Valuation, Digital Transformation, and Affordable Housing Finance.

Before joining Tata Capital, Shukla worked at ICICI Bank for more than seven years, where he was deeply involved in the mortgage business. His roles and responsibilities spanned various regions, providing him with a comprehensive understanding of the sector. Shukla's foundational experience began at LIC Housing Finance Limited, where he started his career and worked for seven years.

The company has clarified that Ajai Kumar Shukla is not related to any of its promoters, members of the promoter group, or any of the directors. This ensures that his appointment is based on merit and professional expertise, aligning with the company's commitment to good corporate governance.

Shukla's appointment is expected to bring a fresh perspective and innovative strategies to PNB Housing Finance. His extensive experience in the housing finance sector, particularly in areas such as risk management and digital transformation, is anticipated to drive the company's growth and enhance its market position.

PNB Housing Finance is a subsidiary of Punjab National Bank and is one of the leading housing finance companies in India. The company has a robust presence across the country and is known for its customer-centric approach and innovative financial solutions. With Shukla at the helm, PNB Housing Finance is poised to continue its trajectory of growth and expansion in the competitive housing finance market.

In a statement, the company expressed its confidence in Shukla's leadership, stating, 'We are excited to welcome Ajai Kumar Shukla as our new MD & CEO. His extensive experience and proven track record in the housing finance sector will be invaluable as we continue to grow and serve our customers better.'