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.

PNB Housing Finance Limited , one of India's leading housing finance companies, announced today that its Managing Director and Chief Executive Officer, Girish Kousgi, has tendered his resignation. The move comes as Kousgi seeks to pursue opportunities outside the organization, marking the end of his nearly three-year tenure at the helm of the company.

Resignation Details

Kousgi's resignation, submitted on July 30, 2025, was accepted by the PNB Housing Finance Board of Directors at a meeting held on July 31, 2025. The effective date of his departure is set for October 28, 2025, at the close of business hours. This timeline allows for a smooth transition period of approximately 90 days.

Impact on Subsidiaries

As a result of his resignation, Kousgi will also step down from his positions on the boards of PNB Housing's subsidiaries. He will cease to be a director on the Board of Directors of PHFL Home Loans and Services Limited and PEHEL Foundation, effective October 28, 2025.

Company's Response

The Board of Directors expressed its appreciation for Kousgi's contributions, stating, "The Board places on record its sincere appreciation for his leadership skills, mentorship, and dedicated services provided throughout his tenure as the Managing Director and Chief Executive Officer of the Company."

In his resignation letter, Kousgi reflected on his time with PNB Housing Finance, saying, "The Company has gone through a transformational journey and today it is future-ready and well-positioned to lead and stay as a significant player in the industry."

Transition Period

Kousgi has committed to ensuring a smooth transition, stating in his letter, "While the management team is very capable in taking over the mantle with professional ease, I am committed to a smooth transition and will always make myself available to assist in any way possible during the period."

Looking Ahead

PNB Housing Finance has not yet announced a successor to Kousgi. The company's board will likely initiate a search for a new CEO in the coming weeks to ensure continuity in leadership.

The news of Kousgi's resignation comes at a time when PNB Housing Finance has been focusing on growth in its Affordable and Emerging market segments. The company recently reported strong financial results for Q1 FY'26, with a 17% year-on-year growth in net interest income and a 23% increase in profit after tax.

As the company navigates this leadership transition, stakeholders will be watching closely to see how PNB Housing Finance maintains its strategic direction and growth momentum in the competitive housing finance sector.