PNB Housing Finance , a prominent player in India's housing finance sector, has announced significant leadership changes, including the resignation of its CEO and the appointment of new executive roles.

CEO Resignation

Girish Kousgi, the current Chief Executive Officer of PNB Housing Finance, has submitted his resignation, which was accepted by the board on July 31, 2025. Kousgi's tenure will conclude on October 28, 2025. As part of his departure, he will also step down from the boards of the company's subsidiaries, PHFL Home Loans and Services Ltd. and PEHEL Foundation.

Punjab National Bank's Managing Director and CEO, Ashok Chandra, clarified that Kousgi's decision to leave was personal and not due to any internal challenges or business issues. The board acknowledged Kousgi's transformative leadership during a period of significant organizational change.

New Leadership Appointments

In response to these changes, PNB Housing Finance has announced two key appointments to strengthen its leadership team:

1. Jatul Anand has been designated as Executive Director for the Prime and Emerging Business segment. His role will encompass overseeing Sales, Credit, Product, and Collections in this division. Anand's appointment is effective from August 2, 2025.

2. Valli Sekar has been named Chief Business Officer for the Affordable Business vertical. She will be responsible for Sales, Credit, Product, and Collections within the affordable housing segment. Sekar's new role also commences on August 2, 2025.

Executive Profiles

Jatul Anand

• Previously served as the Chief Credit & Collections Officer at PNB Housing Finance
• Joined the company on June 19, 2013, with over 12 years of service
• Possesses 22 years of overall experience in the financial sector
• Holds a bachelor's degree in commerce from the University of Delhi
• Member of the Institute of Chartered Accountants of India since 2002
• Prior experience includes roles at ICICI Bank Limited and Standard Chartered Bank

Valli Sekar

• Formerly the Chief Sales and Collection Officer for the Affordable Business segment
• Joined PNB Housing Finance on June 6, 2022
• Instrumental in establishing the company's affordable business vertical
• Brings 25 years of overall experience to her new role
• Holds a bachelor's degree in commerce from Manonmaniam Sundaranar University Tirunelveli
• Previous associations include Shriram Housing Finance, Mahindra Housing Finance, and Aadhar Housing Finance

These leadership changes come at a crucial time for PNB Housing Finance as it navigates the dynamic housing finance market in India. The new appointments are expected to drive the company's growth strategy in both its prime and affordable housing segments.

As the company prepares for this transition, stakeholders will be watching closely to see how these changes impact PNB Housing Finance's market position and future growth trajectory in the competitive housing finance sector.

PNB Housing Finance , a prominent player in India's housing finance sector, has announced significant changes to its leadership team, effective August 02, 2025. The company has made two strategic appointments aimed at strengthening its position across various business segments.

Jatul Anand Elevated to Executive Director

Jatul Anand, previously serving as the Chief Credit & Collections Officer, has been designated as Executive Director (not a board member) of PNB Housing Finance. In his new role, Anand will oversee the company's 'Prime and Emerging' Business operations, which encompass sales, credit, product, and collections.

Anand brings a wealth of experience to his new position, having been with PNB Housing Finance since June 19, 2013. With over 22 years of industry experience, he has played a crucial role in the company's growth for more than 12 years. A member of the Institute of Chartered Accountants of India since 2002, Anand holds a bachelor's degree in commerce from the University of Delhi and has completed a course from the Indian Institute of Banking and Finance. His professional background includes stints at ICICI Bank Limited and Standard Chartered Bank.

Valli Sekar Appointed as Chief Business Officer - Affordable Business

In another key move, Valli Sekar has been appointed as the Chief Business Officer - Affordable Business. Sekar will be responsible for leading the company's affordable business segment, overseeing sales, credit, product, and collections within this crucial division.

Sekar joined PNB Housing Finance on June 6, 2022, and has been instrumental in establishing the company's affordable business division. With 25 years of overall experience in the financial sector, she brings valuable expertise to her new role. Sekar holds a bachelor's degree in commerce from Manonmaniam Sundaranar University Tirunelveli and has previously worked with notable organizations such as Shriram Housing Finance, Mahindra Housing Finance, and Aadhar Housing Finance.

Strategic Implications

These appointments reflect PNB Housing Finance's commitment to strengthening its leadership across various business segments. By leveraging the extensive experience of both Anand and Sekar, the company aims to enhance its operations in both the prime and affordable housing finance markets.

The move comes as part of PNB Housing Finance's ongoing efforts to optimize its organizational structure and drive growth in key areas. With these seasoned professionals at the helm of critical business segments, the company is well-positioned to navigate the evolving landscape of India's housing finance sector.

PNB Housing Finance Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's proactive approach in bolstering its leadership team underscores its commitment to maintaining a strong market position and delivering value to its stakeholders.