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PNB Housing Finance announced that its board has approved the appointment of Ajai Kumar Shukla as Managing Director and Chief Executive Officer, effective from 18 December 2025. His five-year term will begin after shareholder approval. Shukla currently serves as Chief Business Officer at Tata Capital Housing Finance and has earlier handled mortgage roles at ICICI Bank.
PNB Housing Finance said on Friday that its board has approved the appointment of Ajai Kumar Shukla as the organisation’s next Managing Director and Chief Executive Officer, marking a significant leadership transition for the housing finance company. According to its regulatory filing, Shukla will officially assume charge from 18 December 2025, subject to approval from shareholders at the forthcoming general meeting. His appointment is for a tenure of five years, reflecting the company’s intention to provide stable and long-term leadership as it continues to strengthen its position in India’s housing finance and mortgage market. Advertisement
Shukla currently serves as the Chief Business Officer at Tata Capital Housing Finance, where he has been responsible for driving business strategy, expanding distribution networks, and overseeing the growth of the company’s retail and affordable housing loan portfolio. His role at Tata Capital has involved shaping product offerings, enhancing customer acquisition models, and contributing to the organisation’s expansion across key geographies.
Before joining Tata Capital, Shukla spent more than seven years with ICICI Bank, where he held multiple responsibilities in the mortgage business. His experience during this period covered sales, credit processes, product structuring, and regional business development, giving him a broad understanding of the housing finance ecosystem and customer behaviour across urban and emerging markets.
Industry analysts noted that PNB Housing Finance has been focusing on strengthening its retail housing loan book while ensuring asset quality improvements and operational efficiency. The appointment of a senior industry professional with extensive mortgage experience aligns with the company’s efforts to reinforce leadership bandwidth during a period of rising demand for home loans and expanding opportunities in the affordable housing segment.
PNB Housing Finance stated that Shukla’s expertise across leading mortgage institutions is expected to support the company’s long-term growth plans and operational transformation initiatives.
Source - PTI
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