The Board will immediately commence a search for a seasoned professional with proven expertise and industry experience; Mr. Girish Kousgi will closely work with the Board and Senior management to ensure a smooth transition during this period
FinTech BizNews Service
Mumbai, 1st August 2025: PNB Housing Finance Limited announced that its MD & CEO Mr. Girish Kousgi, has resigned and will step down from his role effective 28th October 2025, to pursue career aspirations outside the organization. Mr. Kousgi will closely work with the Board and Senior management to ensure a smooth transition during this period.
The Company affirms that its strategic priorities, business focus, and growth trajectory remain firmly intact, based on the strong foundation that Mr. Kousgi has helped build. The Board is confident that the Company’s high-performing team, which has been instrumental in delivering its strong performance, will continue to achieve the Company’s goals of robust growth, asset quality and margins.
As in the past where seasoned professional candidates have been identified from the sector, the Board will immediately commence a search for a seasoned professional with proven expertise and industry experience.
Mr. R. Chandrasekaran, Chairman of the Nomination and Remuneration Committee, Board of Directors of PNB Housing Finance, said, ‘’The Board will initiate a rigorous, transparent and merit-based selection process to appoint a new leader who will further enhance the legacy of PNB Housing Finance. We are confident of identifying a suitable professional soon, who will further accelerate our strategic direction and long-term value creation.”
The Board acknowledges and appreciates the contributions of Mr. Girish Kousgi during his tenure. PNB Housing Finance, promoted by Punjab National Bank, emerged as the third largest housing finance company in India. The Company’s management remains fully committed to executing its long-term strategy, underpinned by robust governance practices, prudent risk management, customer-centric approach and sustainable growth initiatives.
