Archive · 12 Dec 2025
PNB Housing Finance Appoints New CEO
PNB Housing Finance has a new boss named Ajai Kumar Shukla.
He will be the CEO for the next five years, starting on December 18, 2025.
Before this, he worked at Tata Capital Housing Finance and has a lot of experience in helping people get loans for houses.
The company's shares went up by 5% when this news came out.
The old CEO, Girish Kousgi, was good at helping the company grow by focusing on affordable housing.
Now, Shukla will take over as big banks are competing more in the housing market, and affordable housing is becoming more popular.
PNB Housing Finance appoints Ajai Kumar Shukla as MD and CEO for a 5-year term starting December 18, 2025.
Shares of PNB Housing Finance rose by 5% following the announcement.
Shukla replaces Girish Kousgi, who was instrumental in the company's affordable housing segment growth.
Shukla has over three decades of experience in housing and mortgage lending, currently serving as Chief Business Officer at Tata Capital Housing Finance.
The appointment comes amid intensifying competition from banks in the premium home lending market, with affordable housing offering higher yields.
- Who
- Ajai Kumar Shukla
- What
- Appointed as MD and CEO of PNB Housing Finance
- When
- Starting December 18, 2025, for a 5-year term
- Where
- PNB Housing Finance
- Why
- To lead the company amid increasing competition in the housing finance sector
- Company
- PNB Housing Finance
- New CEO
- Ajai Kumar Shukla
- Term
- 5 years
- Start Date
- December 18, 2025
- Previous CEO
- Girish Kousgi
- Shares Impact
- Up 5%
- Shukla's Experience
- 30+ years in housing and mortgage lending
- Current Role
- Chief Business Officer at Tata Capital Housing Finance