PNB Housing Finance Appoints Ajai Kumar Shukla as MD & CEO
PNB Housing Finance Limited made a public announcement regarding the appointment of Ajai Kumar Shukla as the company's new Managing Director and Chief Executive Officer, effective as of December 18, 2025.
The appointment, consisting of a five-year tenure, received approval from the board of the company after careful consideration of recommendations put forth by the Nomination and Remuneration Committee, and subsequent receipt of mandatory regulatory approvals.
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Shukla's extensive background in housing and mortgage finance spans over thirty years, making him well-equipped for his current role.
Prior to joining PNB Housing Finance, he had a lengthy tenure at Tata Capital Housing Finance Limited in various senior leadership roles for a duration of sixteen years.
Throughout his career, Shukla has successfully managed various crucial aspects such as business growth, credit and risk assessment, valuation, digital strategies, and affordable housing financing. Before starting at Tata Capital, Shukla occupied prestigious positions at ICICI Bank and LIC Housing Finance Limited, garnering valuable experience in retail lending and financial services.
Welcoming the appointment, D. Surendran, Chairperson and Non-Executive Nominee Director of PNB Housing Finance says, “On behalf of the Board, I am pleased to welcome 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.”
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Commenting on his appointment, Shukla said, “PNB Housing Finance has established itself as a leading, trusted, and admired organization with a strong legacy in the housing finance sector. I am honoured and excited to join the Company as MD & CEO at a pivotal time as we align with the growth aspirations of the country.”
He further emphasized the importance of maintaining operational excellence, enhancing customer confidence, and fostering innovation as the primary goals, all while striving for comprehensive growth within the realm of housing finance.
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Shukla has completed a postgraduate degree in finance from CSJM University in Kanpur, as well as a bachelor's degree in science from Kanpur University.