PNB Housing Finance Limited has announced the appointment of Ajai Kumar Shukla as its Managing Director and Chief Executive Officer, effective December 18, 2025, for a term of five years.
The appointment was approved by the Board of Directors following the recommendation of the Nomination and Remuneration Committee and upon receipt of requisite regulatory approvals.
Ajai Kumar Shukla brings over three decades of extensive experience in housing finance and mortgage lending.
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Prior to joining PNB Housing Finance, he spent 16 years at Tata Capital Housing Finance Limited, where he held senior leadership roles and led multiple critical functions, including business growth, credit, risk management, valuation, digital transformation, and affordable housing finance.
Before his tenure at Tata Capital, Ajai Kumar Shukla was associated with ICICI Bank and LIC Housing Finance Limited, further strengthening his expertise across the housing finance ecosystem.
Ajai Kumar Shukla to Lead PNB Housing Finance’s Next Phase of Growth
Commenting on the appointment, D Surendran, Chairperson and Non-Executive Nominee Director of PNB Housing Finance, said that Ajai Kumar Shukla’s strong leadership credentials, deep domain knowledge, and proven track record would be instrumental as the company enters its next phase of growth.
He added that the Board is confident in Shukla’s ability to strengthen the company’s franchise, enhance customer trust, and deliver sustainable value to all stakeholders.
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Speaking on his appointment, Ajai Kumar Shukla said that PNB Housing Finance is a trusted and admired institution with a strong legacy in the housing finance sector.
He expressed his enthusiasm for joining the company at a pivotal time and stated his intent to work closely with the Board and leadership team to drive operational excellence, strengthen customer trust, and position the company as a benchmark for innovation and inclusive growth.
Ajai Kumar Shukla holds a postgraduate degree in Finance from CSJM University, Kanpur, and a Bachelor of Science degree from Kanpur University.
