We are PNB Housing

Shri D. Surendran holds a Bachelor’s degree in Agriculture, Masters in Science and Postgraduate Diploma in Software Engineering. Additionally, he is a Certified Associate of the Indian Institute of Bankers. He began his banking career with Canara Bank in July 1990 as an AEO. Over the course of his career, he rose through the ranks, being promoted to Manager in 1999, Senior Manager in 2005, Chief Manager in 2008, Assistant General Manager in 2013, Deputy General Manager in 2018, General Manager in 2020, and Chief General Manager in 2023. With 35 years of experience in the banking sector, Sri D. Surendran has accumulated vast expertise in branch operations, having headed multiple branches in diverse demographics. He also took on greater responsibilities by heading the Madurai Circle. Throughout his career, he has worked in various locations across India viz. Tamil Nadu, Andhra Pradesh, Karnataka, Delhi and West Bengal. He has been appointed as an Executive Director of Punjab National Bank since March 2025. He holds membership in several committees of Punjab National Bank i.e. Management Committee of the Board, IT Strategy Committee of the Board, Committee of Directors to Review Vigilance and Non-Vigilance Cases, Customer Service Committee of the Board , Credit Approval Committee of the Board, Steering Committee of the Board on HR and Capital Raising Committee.

Tejendra Mohan Bhasin  is an Independent Director on our Board. He holds a bachelor’s degree in law from University of Delhi, a master’s degree in science from Meerut University, a master’s degree in business administration from University of Delhi and a doctorate degree in philosophy from University of Madras, Chennai. He is a certified associate of Indian Institute of Bankers. He was conferred honorary fellowship by the Governing Council of Indian Institute of Banking and Finance in 2010. He has over 37 years of experience in the banking sector. Previously, he was associated with Indian Bank as a chairman and managing director and was a vigilance commissioner in the Central Vigilance Commission for four years. He is currently the chairman of the Advisory Board for Banking and Financial Frauds which has been constituted by the Central Vigilance Commission. He is also serving as a director on the boards of Patanjali Foods Limited (previously known as Ruchi Soya Industries Limited), SBI Cards and Payment Services Limited, PNB Gilts Limited and SBI Life Insurance Company Limited. He was appointed on our Board with effect from April 2, 2020.

Gita Nayyar  is an Independent Director on our Board. She holds a master’s degree in business administration from Amos Tuck School of Business Administration, Dartmouth College, United States of America. She is also serving as a director on the boards of Oriental Hotels Limited, Transport Corporation of India Limited, Taj Sats Air Catering Limited and Ask Investment Managers Limited. She is also a member of the board of governors of Indian Institute of Management Udaipur and of the governing body of HelpAge India. She was initially appointed on our Board with effect from May 29, 2021 and re-appointed as an Independent Director, through Postal Ballot, for the second tenure of five (5) consecutive years from May 29, 2024 to May 28, 2029

Neeraj Vyas  an Independent Director on our Board. He holds a bachelor’s degree and master’s degree in science from the Vikram University, Ujjain. He has 36 years of experience in the banking sector. Previously, he was associated with State Bank of India. He was appointed on our Board as Non-Executive Non-Independent Director with effect from September 1, 2020. Previously, he was an Independent Director from April 15, 2019 to April 28, 2020 in our Company and the Managing Director and Chief Executive Officer from April 28, 2020 to August 10, 2020.

Shri. Dipankar Mahapatra is a General Manager at Punjab National Bank, currently posted at the Head Office, Corporate Credit Division. He joined the Bank on December 03, 2010 as Chief Manager – Credit and has steadily risen through the ranks over the years.

Shri. Mahapatra holds an MBA in International Business from the Indian Institute of Foreign Trade (IIFT). He is a Certified Associate of the Indian Institute of Bankers (CAIIB) and holds certifications in Risk in Financial Services, Corporate Agency (Composite), and the Credit Officer Course. He began his academic journey with a Bachelor of Science in Physics from Utkal University, Bhubaneswar.

He has rich and diverse experience across multiple banking verticals including Large Corporate Credit, Executive Secretariat to MD/ED and Zonal Offices. He served as Zonal Head at Ahmedabad and Jodhpur. His posting span key locations such as Ahmedabad, Jodhpur, Hyderabad, New Delhi, Gurgaon and Bhubaneshwar along with multiple responsibilities at the Head Office.

Throughout his career, Shri. Mahapatra has actively participated in numerous prestigious training and leadership programs. Notable among these are:

• Leadership Development Program at IIM Bangalore
• Advanced Management Program at Kent Business School, UK through NIBM
• International Banking Seminar in Zurich, Switzerland
• Various leadership programs conducted by CAFRAL, IDRBT, and HO Central Staff College

Recognizing his performance and leadership, he was honored with MD & CEO Club Membership for both FY 2023–24 and FY 2024–25 for achieving business targets.

Mr. Ajai Kumar Shukla is the Managing Director & Chief Executive Officer of PNB Housing Finance Limited, bringing with him over 30 years of deep expertise in the Housing and Mortgage Lending industry. A seasoned business leader, he is widely recognized for his strategic vision, operational excellence, and ability to drive large-scale transformation across financial services organizations.

Prior to joining PNB Housing Finance, Mr. Shukla spent 16 years with Tata Capital Housing Finance Limited, where he played a pivotal role in shaping the company’s growth trajectory. As Chief Business Officer, he led multiple critical verticals including Credit, Risk, Valuation, Digital Transformation, and Affordable Housing Finance. His leadership was instrumental in strengthening the company’s business model, expanding its market presence, and enhancing customer-centric capabilities. His previous stints with ICICI Bank in the mortgage business, and LIC Housing Finance Limited helped him build a strong foundation in housing finance operations.

Mr. Shukla holds a postgraduate degree in Finance from CSJM University, Kanpur, and a Bachelor of Science degree from Kanpur University. His academic grounding, combined with extensive industry experience, has shaped him into a respected industry leader known for his business acumen, people-first leadership style, and deep understanding of India’s housing finance ecosystem.

Mr. Rajiv Kumar Singh is a Fellow Chartered Accountant, a Certified Information Systems Auditor (CISA, USA), and an IBBI-Registered Valuer in the Securities or Financial Assets category. He brings to the Board nearly three decades of experience across banking and financial services, audit and financial reporting, risk management and internal controls, valuation and corporate finance, and corporate restructuring.

Mr. Singh has served on the boards of regulated financial institutions and listed companies. He was an Independent Director of Union Bank of India, where he chaired the Audit Committee and served on the Risk Management Committee, Committee for Monitoring Frauds, Nomination and Remuneration Committee, and Amalgamation Committee. He also contributed to Board-level oversight of the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India. His board-level oversight encompasses financial reporting integrity, internal control frameworks, enterprise-wide risk management, treasury operations, regulatory compliance, and governance of financial instruments, technology, and cyber risk.

Mr. Singh has extensive expertise in valuation and corporate finance, including business and equity valuation, complex financial instruments, intangible assets, purchase price allocation, impairment testing and mergers and acquisitions. His work spans transactional, financial reporting, regulatory, and dispute-related matters across India and international markets.

Mr. Singh has contributed to professional education and technical guidance in valuation, fair value measurement, banking, and corporate finance. He has served as faculty and speaker at leading professional and academic institutions, including ICAI, ICSI, IICA, IIMs, and IITs.

He is currently a Director of R S Valuation Services Private Limited and an Independent Director of Machino Plastics Limited and Lava International Limited. He is also a Partner at ASC & Associates, Chartered Accountants, and Co-founder of the International Business Valuers Association, an IBBI-recognised Registered Valuers Organisation

Mr. Shreekant holds a bachelor’s degree in science(Hons.), M.A. in Political Science from Delhi University, Certified Associate of Indian Institute of Bankers (CAIIB), Indian Institute of Banking & Finance. He holds certifications in Advanced Leadership Prog. from Indian School of business (ISB), Hyderabad; Global Advanced Management Prog from Haas School of Business, UC Berkeley, USA and; Organizational Changes from The Wharton School, University of Pennsylvania, Philadelphia PA. Mr. Shreekant has over 34 years of experience and expertise in the banking sector. He has held leadership positions in diverse areas of banking such as Business Vertical, Operations, Human Resources, Information Technology, etc., and brought about transformative changes through domain knowledge and leadership skills. He was in Top leadership position in SBI for more than 5 years as Chief General Manager.
Mr. Shreekant has headed the Real estate & Housing vertical of SBI for around 2 years and able to drive housing business of SBI to reach the milestone of INR 5 trillion AUM in record time. He has headed the Thiruvananthapuram Circle of the Bank, responsible for overall business growth and improving operational efficiency of over 1300 Branches/Offices. He has also spearheaded various strategic transformations as the head of the Executive Support Systems Unit of Bank’s IT Vertical. His key skills include branch banking operations, retail banking, digital banking, real estate and housing, IT compliance, Risk management, MSME banking, financial reporting, payments systems and data analytics.