In a significant development, PNB Housing Finance has made crucial changes to its leadership team following the resignation of MD & CEO Girsh Kousgi. The company has appointed Jatul Anand as Executive Director and Valli Sekar as Chief Business Officer.
Leadership Appointments
- Jatul Anand: Appointed as Executive Director to oversee prime and emerging business areas.
- Valli Sekar: Named Chief Business Officer — Affordable Business to lead the affordable housing segment.
These appointments are aimed at ensuring business continuity and advancing the company’s strategic goals during this transition.
The Resignation of Girsh Kousgi
Girsh Kousgi, a key figure in strengthening the lender’s foundation, has resigned to explore opportunities outside the organization. His departure will be effective from October 28, 2025, a year before his tenure was set to conclude.
Ebooks
Impact on Markets and Investor Sentiment
The announcement of Kousgi’s resignation led to an immediate 18% drop in PNB Housing Finance’s shares on the BSE. The company, however, reassured investors of its commitment to growth, asset quality, and margins.
Previous Senior-Level Exits
- Dilip Vaitheeswaran: Chief Sales Officer, departed in July 2025.
- Anujai Saxena: Business Head for Affordable Business, also left in July 2025.
These exits highlight the ongoing leadership challenges faced by the company.
Future Plans
The board is actively seeking a qualified professional with industry experience to fill the role of MD and CEO. The newly appointed leaders are expected to build on Kousgi’s groundwork and continue the company’s growth trajectory.
Key Takeaways for Competitive Exams
- PNB Housing Finance appoints new leadership following CEO resignation.
- Significant market reaction with an 18% drop in company shares post-resignation.
- Continued focus on growth, asset quality, and margins to reassure investors.
- Search underway for a new MD & CEO to navigate leadership challenges.
