PNB Housing Appoints Ajai Kumar Shukla As MD & CEO

PNB Housing Finance Ltd announced a major leadership change following its Board meeting on December 12, 2025. Ajai Kumar Shukla has been appointed as the new MD & CEO for a tenure of five years, subject to shareholder approval. At 52, Shukla brings extensive expertise in housing finance and mortgage lending, having held senior roles across the sector. His appointment follows recommendations from the Nomination and Remuneration Committee and comes with all necessary regulatory clearances.  

Key highlights from the announcement include  

• Ajai Kumar Shukla appointed as MD & CEO effective December 18, 2025.  
• Tenure set for five years, subject to shareholder approval.  
• Shukla has over 30 years of experience in housing and mortgage finance.  
• The appointment was approved by the Board after recommendations from the Nomination and Remuneration Committee.  
• Regulatory clearances have been obtained, with confirmation that Shukla is not debarred by SEBI or any authority.  
• The leadership change is expected to strengthen PNB Housing’s strategic direction and operational efficiency.  

This appointment marks a significant step for PNB Housing Finance as it looks to reinforce its leadership team and enhance competitiveness in India’s housing finance sector.  

Sources: Business Upturn, Rediff MoneyWiz, Economic Times