PNB Housing Finance Limited has announced the appointment of Mr. Ajai Kumar Shukla as its Managing Director & Chief Executive Officer for a tenure of five years, effective December 18, 2025. The appointment has been approved by the Board of Directors following the recommendation of the Nomination and Remuneration Committee and receipt of all requisite regulatory approvals.
Mr. Shukla brings with him over three decades of experience in the housing and mortgage lending space. He joins PNB Housing Finance from Tata Capital Housing Finance Limited, where he served in senior leadership roles for 16 years. During his tenure, he was responsible for managing multiple critical functions including business growth, credit, risk management, valuation, digital transformation, and affordable housing finance.
Prior to his association with Tata Capital Housing Finance, Mr. Shukla has worked with leading financial institutions such as ICICI Bank and LIC Housing Finance Limited, further strengthening his expertise across diverse segments of the housing finance ecosystem.
Welcoming him to the organisation, Shri. D. Surendran, Chairperson, Non-Executive Nominee Director, PNB Housing Finance, said:
“On behalf of the Board, I am pleased to welcome Mr. Ajai Kumar Shukla as the Managing Director & Chief Executive Officer of PNB Housing Finance Limited. His deep domain expertise, strong leadership credentials, and proven track record across housing finance and mortgage lending will be instrumental as the Company enters its next phase of growth. We are confident that under his leadership, the Company will continue to strengthen its franchise, enhance customer trust, and deliver sustainable value to all stakeholders.”
Mr. Shukla holds a postgraduate degree in Finance from CSJM University, Kanpur, and a Bachelor’s degree in Science from Kanpur University.
