Deepak Parekh

Deepak Parekh
Born	October 18, 1944(1944-10-18) India
Education	B Com (Sydenham College, Mumbai); Chartered Accountant
Occupation	non-executive chairman of the HDFC group
Title	Padma Bhushan, Chartered Accountant
Notable credit(s)	Padma Bhushan Awardee (2006) Attended 2009 November’s state dinner at the White House hosted by US president Barack Obama in honour of Indian prime minister Manmohan Singh.,

Deepak Parekh is the Chairman of Housing Development Finance Corporation, India's leading housing finance company. A pioneer in mortgage finance, he has enabled scores of Indian middle class people to own their houses or apartments through affordable loans. He is based in Mumbai.^[1]

A Chartered Accountant, Deepak Parekh began his career with Ernst & Young Management Consultancy Services in New York. After returning to India, he worked with Grindlays Bank and also Chase Manhattan Bank as its assistant representative for South Asia. Parekh joined HDFC in 1978. He was promoted to Managing Director in 1985 and appointed as Chairman in 1993. He was instrumental in making the HDFC one of India's premier housing finance institutions. Parekh also became the Non-Executive Chairman of Infrastructure Development Finance Company Ltd (IDFC), a Government of India enterprise for 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, Hindustan Unilever, Siemens Ltd, Mahindra & Mahindra, Indian Hotels Company and SingTel. Mr. Parekh is also extremely supportive of youth leadership and thus is a proactive advisory board member of the world's largest student driven organization AIESEC India.

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 prestigious Corporate Award for Life Time Achievement by the Economic Times. Padma Bhushan was conferred on him by the Government of India. 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.^[2]

References

1. ^ Profile at Forbes.com
2. ^ An international first - top Indian financial leader wins accountancy accolade, ICAEW, 2 February 2010

External links

• http://www.peopleandprofiles.com/ProfilesDet-28/Deepak+Parekh.html?profile_id=320^{[dead link]}?

Persondata
Name	Parekh, Deepak
Alternative names
Short description
Date of birth	1944-10
Place of birth	India
Date of death
Place of death