PNB Housing Finance Expands Healthcare Access for Underprivileged Communities in association with Wockhardt Foundation

20th May 2025: PNB Housing Finance, one of India's leading housing finance companies, through its CSR arm Pehel Foundation, announced the launch of the second phase of its Mobile Medical Unit (MMU) Program in partnership with Wockhardt Foundation. The program is aimed at improving primary healthcare access for construction workers and underprivileged communities across key regions of Delhi, Mumbai, Chennai and Ahmedabad, providing doorstep medical services to them.

The program is designed to address the lack of accessible and affordable healthcare services near construction sites and slum areas. Construction workers and their families often forego basic medical treatment due to high commute costs, long queues at hospitals, or fear of wage loss from time away. PNB Housing Finance and Wockhardt Foundation have joined hands to bridge this gap and offer a sustainable solution by bringing primary and preventive care directly to them.

Speaking on the launch, Mr. Girish Kousgi, MD & CEO of PNB Housing Finance said, "Healthcare is a basic right, yet access remains a privilege for many. At PNB Housing Finance, we believe that development must be inclusive, and that means addressing real needs where they exist – on the ground, at construction sites, in underserved neighborhoods. Our Mobile Medical Unit Program in association with Wockhardt Foundation aims to reduce the financial and physical barriers that prevent thousands of underserved families from seeking primary medical care. This is not just about treatment – it's about creating awareness and promoting long-term well-being amongst the masses."

Mr. Denis Varghese, Director- Wockhardt Foundation, added, "This collaboration with PNB Housing Finance gives us an opportunity to bring healthcare to those who need it the most – right inside the communities. With over 93,000 lives touched in Phase 1, this next chapter will further expand our reach to over one lakh individuals—a meaningful step toward bridging the healthcare gap. By bringing healthcare to the underserved, we will continue to empower communities to take charge of their health."

Each mobile unit is staffed with 3 members - an MBBS doctor, pharmacist and licensed driver. The medical vans will offer essential services including general check-ups, treatment for common ailments, diabetes and hypertension management, and referrals for advanced treatment. In addition, the MMUs will continue to conduct health education and hygiene awareness sessions, and promote access to government healthcare schemes, further empowering these communities with knowledge and preventive practices.

The initiative builds on the success of Phase 1, where four MMUs served thousands of beneficiaries, majority of whom were from the construction worker community. With this second phase, PNB Housing Finance reaffirms its commitment to inclusive community development and sustainable urban progress – where nobody is left behind in the journey towards better health and well-being.

About PNB Housing Finance Limited

PNB Housing Finance Limited (NSE: PNBHOUSING, BSE: 540173) is promoted by Punjab National Bank and is a registered Housing Finance Company with National Housing Bank (NHB). The Company was listed on the Indian stock exchanges on 07 November 2016. The Company's asset base comprises retail loans and corporate loans. The retail business focuses on organized mass housing segment financing for the acquisition or construction of houses. In addition, it also provides loans against properties and loans for the purchase & construction of non-residential premises. Corporate loans are mainly to developers for the construction of residential/commercial properties, corporate term loans and lease rental discounting. PNB Housing Finance is a deposit-taking Housing Finance Company.

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