PNB Housing Finance has confirmed the appointment of Ajai Kumar Shukla as Managing Director and Chief Executive Officer, subject to shareholder approval, following the recommendation of the Nomination and Remuneration Committee and regulatory clearances. His term will commence from December 18, 2025, and extend for five years.
Ajai Kumar Shukla, aged 52, has over three decades of experience in housing finance and mortgage lending. He has spent the last 16 years at Tata Capital Housing Finance, currently serving as Chief Business Officer, and has previously led functions including credit, risk, valuation, digital transformation, and affordable housing finance. Before Tata Capital, he worked at ICICI Bank in mortgage business for more than seven years and started his career with LIC Housing Finance.
The company also designated Vipin Malhotra, who heads Internal Audit, as its Internal Auditor with effect from November 30, 2025.
Shukla is not related to any promoters, promoter group members, or directors of PNB Housing.
