PNB Housing Finance Ensures Business Continuity as MD & CEO Resigns
ECONOMY & POLICY

PNB Housing Finance Ensures Business Continuity as MD & CEO Resigns

PNB Housing Finance has announced that Girish Kousgi, Managing Director and Chief Executive Officer, has tendered his resignation and will demit office effective 28 October 2025. Kousgi has chosen to pursue opportunities outside the organisation. He will work closely with the Board and senior management to ensure a seamless leadership transition during the interim period.

The Company reaffirmed its commitment to strategic growth, operational stability, and strong governance. It noted that the business continues on its defined trajectory, supported by the solid foundation laid under Mr Kousgi’s leadership. The Board expressed full confidence in the organisation’s experienced leadership team, which has been integral to delivering consistent performance across growth, asset quality, and profitability.

The Board will initiate a rigorous, transparent, and merit-based process to identify a new MD & CEO with strong industry expertise and leadership experience. R Chandrasekaran, Chairman of the Nomination and Remuneration Committee of the Board, said, “We are confident of finding the right candidate who will take PNB Housing Finance forward in its strategic direction and build long-term stakeholder value.”

The Board acknowledged and appreciated Kousgi’s contributions during his tenure. Promoted by Punjab National Bank, PNB Housing Finance remains India’s third-largest housing finance company and is committed to its long-term strategy, rooted in robust risk management, customer-centricity, and sustainable growth.

PNB Housing Finance has announced that Girish Kousgi, Managing Director and Chief Executive Officer, has tendered his resignation and will demit office effective 28 October 2025. Kousgi has chosen to pursue opportunities outside the organisation. He will work closely with the Board and senior management to ensure a seamless leadership transition during the interim period.The Company reaffirmed its commitment to strategic growth, operational stability, and strong governance. It noted that the business continues on its defined trajectory, supported by the solid foundation laid under Mr Kousgi’s leadership. The Board expressed full confidence in the organisation’s experienced leadership team, which has been integral to delivering consistent performance across growth, asset quality, and profitability.The Board will initiate a rigorous, transparent, and merit-based process to identify a new MD & CEO with strong industry expertise and leadership experience. R Chandrasekaran, Chairman of the Nomination and Remuneration Committee of the Board, said, “We are confident of finding the right candidate who will take PNB Housing Finance forward in its strategic direction and build long-term stakeholder value.”The Board acknowledged and appreciated Kousgi’s contributions during his tenure. Promoted by Punjab National Bank, PNB Housing Finance remains India’s third-largest housing finance company and is committed to its long-term strategy, rooted in robust risk management, customer-centricity, and sustainable growth.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement