Deepak Parekh | |
---|---|
Born | 18 October 1944 |
Alma mater | |
Occupation | Former Non-Executive Chairman of the HDFC |
Relatives | Hasmukhbhai Parekh (uncle) |
Awards | Padma Bhushan |
Deepak Parekh (born 18 October 1944) is an Indian businessman and the former chairman of Housing Development Finance Corporation, India's leading housing private development finance institution. It is based in Mumbai. [1] [2]
Parekh completed his schooling at St. Xavier's High School, Fort [3] and later graduated with a B.Com from Sydenham College affiliated with the University of Mumbai. [4] He went to England in 1965 to qualify as a chartered accountant with the ICAEW; he completed his articles with Whinney, Smith and Whinney (which later became Ernst & Young) in London.
He also cleared the Certified Associate of Indian Institute of Bankers (CAIIB) of Indian Institute of Banking and Finance. He cleared his ACA exams in the first attempt and was afterwards posted at the firm's consulting arm Ernst & Ernst in New York. [5]
Parekh has worked at Ernst & Young, Grindlays Bank, and Chase Manhattan Bank as its assistant representative for South Asia. He joined Housing Development Finance Corporation (HDFC) in 1978. HDFC was founded by his uncle, Hasmukhbhai Parekh. [6] Parekh also became the Non-Executive Chairman of Infrastructure Development Finance Company Ltd (IDFC), a specialised financial institution for financing infrastructure projects in 1997. He is also the Non-Executive Chairman of Glaxo India Ltd & Burroughs Wellcome (India) Ltd and on the Board of Castrol India Limited, Fairfax India Holdings Corporation, and Siemens Ltd, Mahindra & Mahindra, Indian Hotels Company and SingTel. Parekh is an advisory board member of AIESEC India and US Engineering consultancy giant, AECOM and Tribeca Developers.
Parekh has been a member of various Committees set up by the Government of India. He was appointed Chairman of the high level expert committee formed to recommend measures for strengthening the Unit Scheme in 1964. The Reserve Bank of India appointed him Chairman of the Advisory Group for Securities Market Regulation, which was tasked to compare the level of adherence to international standards in India with that in other countries. He was also Chairman of the Expert Committee constituted by the Ministry of Power to look into the reform efforts in the power sector.
Deepak Parekh has won several awards including Businessman of the Year 1996 from Business India and the JRD Tata Corporate Leadership Award by All India Management Association (AIMA). He was the first recipient of the Qimpro Platinum Award for Quality for his contributions to the services sector, and the youngest recipient of the Corporate Award for Life Time Achievement by the Economic Times. Padma Bhushan was conferred on him by the Government of India. [7] In 2010 he was the first international recipient of The Institute of Chartered Accountants in England and Wales’ Outstanding Achievement Award, for his contribution over many years to the finance and accountancy profession. [8] He was appointed as the advisor to Sunil Gavaskar who was interim chairman of IPL-7. [9] Parekh is also on the Advisory board of IIMUN. [10]
Nagavara Ramarao Narayana Murthy is an Indian billionaire businessman. He is one of the seven co-founders of Infosys, and has previously served as the chairman, chief executive officer (CEO), president, and chief mentor of the company before retiring and taking the title chairman emeritus. As of August 2024, his net worth was estimated to be $5.1 billion, making him the 606th richest person in the world according to Forbes.
Ajay Gopikisan Piramal is an Indian billionaire businessman, and the chairman of the Piramal Group, a conglomerate with interests in pharmaceutical, financial services, real estate, healthcare analytics and glass packaging. As of July 2024, his net worth is estimated at US$2.8 billion.
Sydenham College of Economics is a college located in Mumbai, Maharashtra, India. It is affiliated to the Dr. Homi Bhabha State University. The college offers undergraduate and postgraduate degrees in management. It was awarded a re-accreditation 'A' grade and 3.42 GPA in the second cycle assessment conducted by the National Assessment and Accreditation Council.
Naina Lal Kidwai is an Indian banker, chartered accountant and business executive. She was formerly a Group General Manager and the Country Head of HSBC India. She is also a former President of the Federation of Indian Chambers of Commerce and Industry (FICCI).
Faculty of Management Studies – University of Delhi is a leading business school located in New Delhi, India. It was established in 1954 under the umbrella of the University of Delhi and is often cited as one of the best business schools in India. The institute was started at the Delhi School of Economics premises under Dean A. Dasgupta of the Delhi College of Engineering (DCE).
Uday Suresh Kotak is an Indian banker and founder of Kotak Mahindra Bank, where he is a non-executive director.
HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.
Chandrasekhar Bhaskar Bhave is an Indian financial regulator. He was appointed as Chairman of the Securities and Exchange Board of India (SEBI) in February 2008 for a period of three years. He was succeeded by Upendra Kumar Sinha as the chairman of SEBI after his tenure. He was SEBI's senior executive director from 1992 - 1996. After that he became Chairman and Managing Director of the then newly created National Securities Depository Limited (NSDL). He is also member of the governments technology advisory group, TAGUP. He is the chairperson of the Indian Institute for Human Settlements (IIHS).
Hasmukh Thakordas Parekh was an Indian financial entrepreneur, writer and philanthropist. He played a role in the development of Industrial Credit & Investment Corporation of India, now ICICI Bank, founded the Housing Development Finance Corporation, and in 1992 was awarded the Padma Bhushan for his contribution to the finance industry in India. The London School of Economics also conferred on him an honorary fellowship.
Anand Gopal Mahindra is an Indian billionaire businessman, and the chairman of Mahindra Group, a Mumbai-based business conglomerate. The group operates in aerospace, agribusiness, aftermarket, automotive, components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate and retail. Mahindra is the grandson of Jagdish Chandra Mahindra, co-founder of Mahindra & Mahindra.
Chanda Kochhar is an Indian banker. She was the managing director (MD) and chief executive officer (CEO) of ICICI Bank from 2009 to 2018 She resigned from her positions in 2018 due a case of conflict of interest. Subsequently, she was fired by ICICI Bank, a decision which was later upheld by the Supreme Court of India.
The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late 2008 when the Hyderabad property market collapsed, leaving a trail back to Satyam. The scandal was brought to light in 2009 when chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified.
The Economic Times Awards for Corporate Excellence are the awards conferred by The Economic Times in the field of business, corporate and government policies, economies in India. It is an annual awards, conferred in various categories. Since 2017, Deloitte Touche Tohmatsu India LLP (Deloitte) has been the title sponsor of the awards. The 2018 leg of the awards will be held on 22 November in Mumbai.
Ashok Shekar Ganguly is an Indian industry expert and former chairman of Hindustan Lever, was a nominated member of the Rajya Sabha. His term ended on 17 November 2015.
Keshub Mahindra was an Indian businessman and the chairman emeritus of the Mahindra Group, a diversified Indian conglomerate with interests spanning automobiles, software services, hospitality, aerospace and defence. He was the son of K. C. Mahindra, the co-founder of the Mahindra Group. Mahindra retired as chairman in August 2012 after heading the group for nearly five decades, handing over the position to his nephew, Anand Mahindra.
Sandeep Parekh, born 1971, is an Indian financial sector lawyer who founded Finsec Law Advisors, Mumbai. He attended St. Columba's School in New Delhi, India. He then attended Hindu College at Delhi University, which gave him a distinguished alumni award in 2008. 10. He then obtained a degree in law from Delhi University Law Centre II, which also recognised him as a distinguished alumni in 2007. He was profiled in 2006 by CNBC in its program 'Young Turks' by Shereen Bhan as a young leader.
Nadir Burjorji Godrej is an Indian chemical engineer, industrialist and member of the Godrej family. He is managing director of Godrej Industries, one of India's biggest businesses, and as chairman of Godrej Agrovet.
Mahindra Lifespace Developers Ltd. is an Indian real estate and infrastructure development company headquartered in Mumbai, India. The company was founded in 1994 and is part of the Mahindra Group. The company is engaged in residential developments under the Mahindra Lifespaces and Happinest brands; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘ORIGINS by Mahindra World City’ brands. The company has developed properties in Mumbai, Pune, Nagpur, Ahmedabad, Delhi NCR, Jaipur, Hyderabad, Chennai, and Bengaluru.
Keki M. Mistry is the vice chairman and CEO of Housing Development Finance Corporation (HDFC).
Cyril Amarchand Mangaldas is a full service Indian law firm, with its headquarters in Mumbai, India. The firm came into existence on 11 May 2015 from its predecessor Amarchand & Mangaldas & Suresh A Shroff & Co.