PNB Housing Finance Ensures Business Continuity as MD & CEO Resigns

05 Aug 2025 CW Team

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.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..