AJAI SHUKLA has been appointed as the Managing Director and Chief Executive Officer of PNB Housing Finance Limited, marking a significant leadership transition at India’s third-largest housing finance company. His five-year tenure, effective December 18, comes at a crucial juncture as the company accelerates its focus on sustainable growth, strong governance, and competitive expansion in the housing finance sector. He succeeds Girish Kousgi, under whose leadership PNB Housing Finance strengthened its presence in the affordable housing segment.

With over 30 years of experience in housing finance and retail lending, Shukla joins PNB Housing Finance from Tata Capital Housing Finance, where he served as Chief Business Officer – Retail Finance. His career spans senior roles including Chief Credit Officer and Head of Mortgage Business, along with earlier leadership stints at ICICI Bank and LIC Housing Finance.

Widely recognised for building resilient mortgage portfolios and scaling both premium and affordable housing businesses, Shukla is expected to sharpen PNB Housing Finance’s strategic push in the fast-growing affordable housing market, unlocking long-term value and expanding access to home ownership across India.

CXO TechBOT extends its best wishes to Ajai Shukla in his new role and looks forward to his leadership driving sustainable growth, innovation, and greater access to housing finance across India.