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PNB Housing Appoints Ajai Kumar Shukla as MD and CEO Effective December 18

His five-year term awaits shareholder approval.

Overview

  • The board approved Shukla’s appointment as Managing Director and Chief Executive Officer in a regulatory filing on December 12.
  • The company stated that Shukla is not debarred from serving as a director by SEBI or any other authority.
  • Shares of PNB Housing rose 5.88% in Friday trade, touching a high of Rs 952.50 after the announcement.
  • Shukla currently serves as Chief Business Officer at Tata Capital Housing Finance and previously held mortgage roles at ICICI Bank and LIC Housing Finance.
  • PNB Housing also designated Vipin Malhotra as Internal Auditor with effect from November 30, 2025.