PNB Housing Finance appoints Ajai Kumar Shukla as managing director and CEO
Shukla brings over three decades of experience in housing and mortgage lending to the role.
New Delhi, December 18: PNB Housing Finance Limited has announced the appointment of Ajai Kumar Shukla as its Managing Director and Chief Executive Officer for a term of five years, effective December 18, 2025.
The appointment was approved by the board of directors on the recommendation of the nomination and remuneration committee, following receipt of the required regulatory approvals.
Shukla brings over three decades of experience in housing and mortgage lending to the role. He joins PNB Housing Finance after a 16-year tenure at Tata Capital Housing Finance Limited, where he held senior leadership responsibilities across business growth, credit, risk management, valuation, digital transformation and affordable housing finance. Earlier in his career, he worked with ICICI Bank and LIC Housing Finance.
Welcoming the appointment, D. Surendran, chairperson and non-executive nominee director of PNB Housing Finance, said Shukla’s domain expertise and leadership experience would be critical as the company enters its next phase of growth. He said the board is confident that the new MD and CEO will help strengthen the company’s franchise, enhance customer trust and deliver sustainable value to stakeholders.
Commenting on his appointment, Shukla said PNB Housing Finance has built a strong legacy in the housing finance sector and is well positioned to align with the country’s growth aspirations. He said the company will focus on operational excellence, customer-centricity and innovation while pursuing inclusive growth across its lending portfolio.
Shukla holds a postgraduate degree in finance from CSJM University, Kanpur, and a bachelor’s degree in science from Kanpur University.
PNB Housing Finance, promoted by Punjab National Bank, is a registered housing finance company with the National Housing Bank. Incorporated in 1988, the company provides housing loans, loans against property, loans for commercial space and residential plots, and related financial services. Its equity shares have been listed on the National Stock Exchange and the Bombay Stock Exchange since November 2016.
