About me
Mr. Deepak Parekh (81) was the Chairman of HDFC Ltd from 1993 to 2023 and was associated with the company for 45 years.
Mr. Parekh’s business acumen and vision not only made HDFC the leader in mortgages, but also transformed it into India’s leading financial services conglomerate, with a presence in banking, asset management, life insurance, general insurance, property funds, education loans and education.
HDFC Limited merged into HDFC Bank with effect from July 1, 2023. This merger has resulted in HDFC Bank being amongst the top 10 banks globally in terms of market capitalisation.
Mr Parekh is currently the non-executive chairman of HDFC Asset Management Company Limited and HDFC Capital Services Ltd. He is the non-executive chairman in India of Siemens Ltd; Leela Palaces Hotels & Resorts Ltd and is on the board of the National Investment and Infrastructure Fund (NIIF).
Mr Parekh is also on the international boards of DP World – UAE.
He is on the international advisory boards of Warburg Pincus LLC and Fairbridge Capital Pvt Ltd. (Fairfax)
The Mayor of London in 2017 named Deepak Parekh as first of a network of international ambassadors for championing London across the globe.
In addition to being known for his vociferous views seeking standardization and transparency in the real estate sector, Mr. Parekh played a key role as Special Director on the Satyam Board in 2009 to revive the company and a crucial role during the restructuring of UTI in the late ‘90s, which helped regain investors’ confidence.
Mr. Parekh has always been willing to share his ideas and experience to formulate reform policies across sectors. Mr Parekh has been a member of various high-powered Economic
Groups, Advisory Committees and Task Forces which include infrastructure, housing, financial services, capital markets.
Government and Industry impressed by Mr. Parekh’s performance and sobriety, have honored him with several awards. Some of the most important ones are; the Padma Bhushan in 2006, ‘Bundesverdienstkreuz’ Germany’s Cross of the Order of Merit one of the highest distinctions by the Federal Republic of Germany in 2014, “Knight in the Order of the Legion of Honour” one of the highest distinctions by the French Republic in 2010, First international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales, in 2010.
