Deepak Parekh

Padma Bhushan, Chairman HDFC Ltd. and HDFC Group Companies

Deepak Parekh spearheads India’s premier housing finance company, HDFC Ltd., which has turned the dream of owning a home into a reality for millions across the country. He is the chairman of HDFC Group Companies, India’s leading Financial Services conglomerate with a presence in banking, asset management, life and general insurance, real estate, education loans and education. He has been a founding member of the IIHS Board since 2008.

 

Apart from being awarded the Padma Bhushan by the Government of India, Parekh has also been the recipient of multiple international awards: the Bundesverdienstkreu, one of the highest distinctions of the Federal Republic of Germany, and Knight in the Order of the Legion of Honour, one of the highest distinctions of the French Republic. In 2010, Parekh was the first international recipient of the Outstanding Achievement Award conferred by the Institute of Chartered Accountants in England and Wales.

He is on the board of several leading Indian corporations across diverse sectors. He is the Non-Executive Chairman of Siemens Ltd. in India, Glaxo Smithkline Pharmaceuticals Ltd. and BAE Systems India (Services) Pvt Ltd. He is also on the boards of Indian Hotels Company Ltd. and Bengaluru International Airport Ltd. He is on the Indian Advisory Boards of Coca Cola India, Boston Consultancy Group and Accenture India.

 

Parekh is on the international boards of DP World, UAE; Vedanta Resources plc and Fairfax Financial Holdings Corporation, Canada. He is also on the International Advisory Boards of Standard Life Asia, Nomura Holdings Inc., Lafarge International, Warburg Pincus LLC and GIC International.

 

He is also associated, in an advisory capacity, with several international organisations including the: Indo-US CEO Forum, Indo-German Chamber of Commerce (IGCC), India-UK Financial Partnership (IUKFP), and City of London, Finance Committee.

 

Parekh is known for his views supporting standardisation and transparency in the real estate sector. He has always been willing to share his experience to enable deep policy reform across sectors. His role as Special Director on the Satyam Board to revive the company in 2009, and the crucial role played by him to sustain investor confidence during the UTI crisis in the late 1990s, have been well appreciated across global corporate circles.

 

He has been an active member of various high-powered Government of India Economic Groups, Advisory Committees and Task Forces across the infrastructure, housing, financial services and capital markets sectors, including heading the: High-Level Task Force on Affordable Housing, New Pension Scheme Expert Group, Investment Commission for greater FDI inflows; and has been a member of the Comptroller and Auditor General of India (C&AG)’s Audit Advisory Board.

 

Parekh is a Chartered Accountant from the Institute of Chartered Accountants in England and Wales. He began his career in 1970 with Ernst and Young Management Consultancy Services in New York, and worked with Grindlays Bank and Chase Manhattan Bank in Mumbai, before joining HDFC as deputy general manager in 1978, a year after its inception. He went on to become its Chairman in 1993.