PNB Housing Finance Share Price Gains Over 4% on Appointment of Ajai Kumar Shukla as MD & CEO

PNB Housing Finance Limited has announced the appointment of Mr Ajai Kumar Shukla as the new Managing Director and Chief Executive Officer. This decision was made during a board meeting held on December 12, 2025. 

Ajai Kumar Shukla's Appointment Details 

The board of directors at PNB Housing Finance has approved the appointment of Mr Ajai Kumar Shukla as the Managing Director and CEO. His term will commence on December 18, 2025, and will last for 5 years, subject to shareholder approval. Mr Shukla is not barred by any SEBI order from holding the office of a director. 

Mr Shukla brings over 30 years of experience in the housing and mortgage lending sector. He has been with Tata Capital Housing Finance Limited for 16 years, where he held the position of Chief Business Officer. His career also includes significant roles at ICICI Bank and LIC Housing Finance Limited. 

Internal Audit Leadership Change 

In addition to the appointment of Mr Shukla, the board has designated Mr Vipin Malhotra as the Internal Auditor of the company, effective from November 30, 2025. Mr Malhotra has been leading the Internal Audit department and will continue to oversee its functions. 

Read More: IndusInd Bank Appoints Ganesh Sankaran as Head of Wholesale Banking Group! 

PNB Housing Finance Share Price Performance 

As of December 12, 2025, at 2:21 PM, PNB Housing Finance share price on NSE was trading at ₹943.95 up by 4.87% from the previous closing price. 

Conclusion 

PNB Housing Finance's appointment of Mr. Ajai Kumar Shukla as MD & CEO marks a significant leadership change. With his extensive experience in the housing finance sector, Mr. Shukla is expected to bring valuable insights and expertise to the company. The board's decision reflects a strategic move to enhance the company's management team. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.