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Deepak Parekh

Deepak Parekh is a prominent Indian Banker and the current Chairman of Housing Development Financing Corporation (HDFC) one of the top mortgage finance company of the country. Besides being the chairman, the well-known finance expert of the country also consults the Indian government during crisis from time to time and has served as an independent director to Satyam Computer Services in 2009. Based in Mumbai, Parekh is also associated with international organizations like Indo-US CEO Forum, City of London and Indo-German Chamber of Commerce. He has been praised for his contribution to the Indian economy and has been awarded by the Padma Bhushan Award in 2006.

Born on 18^th October 1944 in Mumbai, Parekh completed his schooling from St. Xavier’s High School from Fort in Mumbai and later he pursued his Bachelor of Commerce degree from the Sydenham College in Mumbai and after completing his graduation, he went to England in 1965 to qualify as a Chartered Accountant with the ICAEW and he completed his articles with Whinney Smith and hinney in London. In the first attempt itself, he was successful to clear his ACA exams and later in 1970, he began his career with the Ernst & Ernst Management Consultancy Services in New York and thereafter he worked as the assistant representative of South Asia with the Grindlays Bank and Chase Manhattan Bank for about three years each. Later in 1978, he joined HDFC and later in 1985, he was promoted to the post of Managing Director and later in 1993 he became the Chairman of HDFC. Besides this, he was appointed as the NonExecutive Chairman of the Infrastructure Development Finance Company Ltd (IDFC) in 1997. IDFC is a government enterprise for infrastructure projects. He is also the NonExecutive Chairman in India for BAE Systems India Pvt Ltd. till 2008, he also served as the Chairman of Glaxo India Ltd. he is also the NonExecutive Chairman of Siemens and is on the boards of Fairfax India Holding Corporations, Indian Hotels Company Ltd., Mahindra & Mahindra Ltd, Network 18 Media and Investments ltd and international boards of DP World- UAE and Vedanta Resource. He is a member of the advisory board for the world’s biggest student determined organization AIESEC India. He has also been a part of many committees made by the Indian Government and was appointed as the Chairman of a high level expert committee to suggest the ideas for growth of Unit Scheme in 1964. The Indian government also has appointed him as the Chairman of the Advisory group for the Securities Market Regulation by the Reserve Bank of India. During the Indian Premiere League (IPL) 7, he was appointed as the advisor to the then interim chairman of IPL Sunil Gavaskar.

Deepak Parekh is married to Smita Parekh and the couple has two children Aditya Parekh and Siddharth Parekh. He has played a key role for the development of the Indian financial sector and also helped in developing the economic relations between India and France. For his contribution to the Indian economy, he has been a recipient of many awards and nominations. In 1996, he won the Businessman of the Year from Business India and the JRD Tata Corporate Leadership Award by All India Management Association (AIMA). For his contribution in service sectors, he was also the first recipient of the Qimpro Platinum Award for Quality. In 2006, Mr Parekh was honoured by Padma Bhushan and he was also the youngest recipient of the prestigious Corporate Award for Life Time Achievement from the Economic times. in the year 2009, he attended a state dinner at the White House hosted by US President Barack Obama in honour of the then Indian Prime Minister Manmohan Singh. In the same year, he received the Outstanding Business Leader Award from CNBC-TV18. In 2010, he became the first international recipient of the ‘Institute of Chartered Accountants in England and Wales’ and received the Outstanding Achievement Award for his contribution. In 2012, he received the ‘Lifetime Achievement Award’ at the NDTV Profit Business Leadership Awards 2012 and in 2014, he received the Lifetime Achievement Award at the Businessworld Magna Awards. Apart from these, he has also been honoured from many countries. He has received the ‘Bundesverdienstkreuz’ Germany’s Cross of the Order of Merit, one of the highest distinctions by Germany in 2014. In 2010, he was also honoured with the ‘Knight in the Order of the Legion of Honour’ one of the highest distinction by the French Republic. Parekh is known for making it possible for the middle class Indians to own houses or flats by providing loans at affordable rates.

Pvt sector has significant role in creating awareness on sanitation: Parekh
PTI Feeds | September 29, 2018 8:52 PM IST
New Delhi, Sep 29 (PTI) Private sector has a significant role to play in building sanitation infrast...
Pvt sector has significant role in creating awareness on sanitation: Parekh
indiacom
2018-09-29T09:52:09+00:00
2018-09-29T09:52:09+00:00
Deepak Parekh
India.com
MF industry AUM to hit Rs 50 lakh cr in next 5 yrs: Deepak Parekh
PTI Feeds | August 23, 2018 4:14 PM IST
Mumbai, Aug 23 (PTI) The asset base of mutual fund industry is likely to double to nearly Rs 50 lakh...
MF industry AUM to hit Rs 50 lakh cr in next 5 yrs: Deepak Parekh
indiacom
2018-08-23T05:14:08+00:00
2018-08-23T05:14:08+00:00
Deepak Parekh
India.com
HDFC backs MedGenome's pan-India expansion
ANI Feeds | March 5, 2018 2:54 PM IST
New Delhi [India], Mar. 5 (ANI): MedGenome Labs Ltd., a genetic diagnostics company in India, announ...
HDFC backs MedGenome's pan-India expansion
indiacom
2018-03-05T03:54:01+00:00
2018-03-05T03:54:01+00:00
Deepak Parekh
India.com
HDFC Capital creates USD 1 billion platform for affordable housing investment
ANI Feeds | December 21, 2017 7:31 PM IST
Mumbai (Maharashtra) [India], Dec 21 (ANI): HDFC Capital Advisors has successfully achieved the init...
HDFC Capital creates USD 1 billion platform for affordable housing investment
indiacom
2017-12-21T08:31:14+00:00
2017-12-21T08:31:14+00:00
Deepak Parekh
India.com
HDFC Life promoters to offload 14.52 pc stake in IPO
PTI Feeds | October 30, 2017 7:47 PM IST
Mumbai, Oct 30 (PTI) HDFC Standard Life Insurance today said the promoters will dilute 14.92 per cen...
HDFC Life promoters to offload 14.52 pc stake in IPO
indiacom
2017-10-30T08:47:08+00:00
2017-10-30T08:47:08+00:00
Deepak Parekh
India.com
Parekh says with merger off table, focus is on HDFC Life IPO
PTI Feeds | July 26, 2017 9:08 PM IST
Mumbai, Jul 26 (PTI) Deepak Parekh, the chairman of the largest mortgage lender HDFC, today said the...
Parekh says with merger off table, focus is on HDFC Life IPO
indiacom
2017-07-26T10:08:08+00:00
2017-07-26T10:08:08+00:00
Deepak Parekh
India.com
HDFC to list subsidiaries at opportune time: Parekh
Press Trust of India | June 25, 2017 12:45 PM IST
New Delhi, Jun 25: Country's largest mortgage firm HDFC Ltd has said it would unlock values of its s...
HDFC to list subsidiaries at opportune time: Parekh
indiacom
2017-06-25T01:45:13+00:00
2017-06-25T02:32:07+00:00
Deepak Parekh
India.com
Fitch keeps India's ratings at BBB-, unchanged for 11 years
PTI Feeds | May 2, 2017 7:04 PM IST
Mumbai/New Delhi, May 2 (PTI) Citing weak fiscal position, US-based agency Fitch today kept India's ...
Fitch keeps India's ratings at BBB-, unchanged for 11 years
indiacom
2017-05-02T08:04:49+00:00
2017-05-02T08:04:49+00:00
Deepak Parekh
India.com
Fitch keeps India's ratings at BBB-, unchanged for 11 years
PTI Feeds | May 2, 2017 7:04 PM IST
Mumbai/New Delhi, May 2 (PTI) Citing weak fiscal position, US-based agency Fitch today kept India's ...
Fitch keeps India's ratings at BBB-, unchanged for 11 years
indiacom
2017-05-02T08:04:40+00:00
2017-05-02T08:04:40+00:00
Deepak Parekh
India.com
Irrational competition can play havoc in market: Parekh
PTI Feeds | March 20, 2017 6:49 PM IST
London, Mar 20 (PTI) Retail finance promises immense scope of growth in India but any "irrational co...
Irrational competition can play havoc in market: Parekh
indiacom
2017-03-20T07:49:30+00:00
2017-03-20T07:49:30+00:00
Deepak Parekh
India.com
When friends had to pay for Parekh's party!
PTI Feeds | March 19, 2017 7:33 PM IST
London, Mar 19 (PTI) Ace banker Deepak Parekh, credited with creating some of the largest financial ...
When friends had to pay for Parekh's party!
indiacom
2017-03-19T08:33:13+00:00
2017-03-19T08:33:13+00:00
Deepak Parekh
India.com
Parekh: Low credit demand due to corp deleverageing,debt funds
PTI Feeds | March 17, 2017 6:15 PM IST
Mumbai, Mar 17 (PTI) With commerical banks frowning at the low 5 per cent credit and blaming it on w...
Parekh: Low credit demand due to corp deleverageing,debt funds
indiacom
2017-03-17T07:15:09+00:00
2017-03-17T07:15:09+00:00
Deepak Parekh
India.com
GST can push up GDP by 150-200 bps: HDFC Chairman
IANS Feeds | March 17, 2017 2:11 PM IST
Mumbai, March 17 (IANS) HDFC Chairman Deepak Parekh on Friday said the Goods and Services Tax (GST) ...
GST can push up GDP by 150-200 bps: HDFC Chairman
indiacom
2017-03-17T03:11:26+00:00
2017-03-17T03:11:26+00:00
Deepak Parekh
India.com
Reforms a testimony India truly open for business: Parekh
PTI Feeds | March 16, 2017 7:26 PM IST
London, Mar 16 (PTI) Bullish on India's growth prospects and reform agenda, ace banker Deepak Parekh...
Reforms a testimony India truly open for business: Parekh
indiacom
2017-03-16T08:26:29+00:00
2017-03-16T08:26:29+00:00
Deepak Parekh
India.com
Time to bite the bullet to resolve NPA problem: Parekh
PTI Feeds | March 16, 2017 6:16 PM IST
London, Mar 16 (PTI) Amid a debate on need for a 'bad bank' to tackle mounting NPAs, eminent banker ...
Time to bite the bullet to resolve NPA problem: Parekh
indiacom
2017-03-16T07:16:39+00:00
2017-03-16T07:16:39+00:00
Deepak Parekh
India.com
Time to move on from demonetisation: HDFC Chairman
ANI Feeds | February 21, 2017 10:18 AM IST
New Delhi [India], Feb. 21 (ANI): After relentless debates have been underway discussing the impact ...
Time to move on from demonetisation: HDFC Chairman
indiacom
2017-02-20T23:18:08+00:00
2017-02-20T23:18:08+00:00
Deepak Parekh
India.com
India never been in stronger position than today: Deepak Parekh
Press Trust of India | August 29, 2016 1:50 PM IST
Mumbai, Aug 29 : HDFC Chairman Deepak Parekh today said the country's economy is in a "stronger posi...
India never been in stronger position than today: Deepak Parekh
indiacom
2016-08-29T02:50:22+00:00
2016-08-29T02:50:22+00:00
Deepak Parekh
India.com
Congress asks after Deepak Parekh’s remarks, Is this not policy paralysis?
Press Trust of India | February 19, 2015 7:56 PM IST
New Delhi, Feb 19: Congress today latched on to industry leader Deepak Parekh's remarks lamenting no...
Congress asks after Deepak Parekh’s remarks, Is this not policy paralysis?
indiacom
2015-02-19T08:56:00+00:00
2015-02-19T08:56:00+00:00
Deepak Parekh
India.com
No change on ground on ease of doing business: HDFC Chairman Deepak Parekh
Press Trust of India | February 19, 2015 5:50 PM IST
Mumbai, Feb 18: Pitching for relaxing "administrative controls" to improve ease of doing business, ...
No change on ground on ease of doing business: HDFC Chairman Deepak Parekh
indiacom
2015-02-19T06:50:52+00:00
2015-02-19T06:50:52+00:00
Deepak Parekh
India.com
Distinguish between legitimate funds and black money: Deepak Parekh
Press Trust of India | February 10, 2015 6:42 PM IST
Mumbai, Feb 10 : In the wake of a new list revealing names of nearly 1,200 Indian account holders in...
Distinguish between legitimate funds and black money: Deepak Parekh
indiacom
2015-02-10T07:42:10+00:00
2015-02-10T07:42:10+00:00
Deepak Parekh
India.com