Deepak Parekh – Wiki, Biography, Age, Education, Net Worth, Wife, Salary, Qualification, Family Background, Parents, Forbes, Son, Family Tree, Upsc Committee, Committee Recommendations – Deepak Parekh is a well-known Indian businessman and financial expert. He is the current Chairman of the Housing Development Finance Corporation (HDFC), which is one of the largest financial institutions in India.
Deepak Parekh Biography
Parekh was born on October 18, 1944 in Bombay, India. He earned his Bachelor of Commerce from the University of Mumbai and then completed his postgraduate degree in Management from Harvard Business School. After completing his education, Parekh began his career at Ernst & Young in New York. He then returned to India and joined Grindlays Bank, where he worked for nearly two decades. In 1993, he was appointed president of the HDFC and has led the organization ever since.
Under Parekh’s leadership, HDFC has become one of the most respected and successful financial institutions in India. The company has expanded its operations into various sectors, including banking, insurance and asset management. Parekh is also known for his contributions to the Indian economy and his involvement in various policy-making committees and forums. In addition to his role at HDFC, Parekh has served on various boards and committees, including the Reserve Bank of India Financial Supervisory Board, the National Council of Applied Economic Research and the Securities and Exchange Board of India.
Parekh has received numerous awards and recognitions for his contributions to the financial sector, including the Padma Bhushan, which is one of India’s highest civilian honours. He is widely considered to be one of the most influential and respected figures in the Indian financial industry.
Early life of Deepak Parekh
Deepak Parekh was born on October 18, 1944 in Bombay, India. His father was a businessman who ran a small engineering company and his mother was a homemaker. Parekh grew up in a middle-class family in Mumbai and completed his studies at St. Xavier’s High School in the city.
After completing his education, Parekh earned his Bachelor of Commerce from the University of Mumbai. She then went to the United States to pursue her graduate degree in Management from Harvard Business School. Parekh’s early years were marked by her hard work and determination. He was an academically gifted student and excelled in his studies, which paved the way for his successful career in finance and business. Despite facing various challenges along the way, Parekh remained committed to his goals and worked tirelessly to achieve success.
Parekh’s family and upbringing
Deepak Parekh was born and raised in Mumbai, India, in a middle-class family. His father was a businessman who ran a small engineering company and his mother was a homemaker. Parekh completed his education at St. Xavier’s High School in Mumbai, which is one of the most prestigious schools in the city. He was an academically gifted student and excelled in his studies.
After completing his education, Parekh earned his Bachelor of Commerce from the University of Mumbai. She then completed her postgraduate degree in Management at the Harvard Business School in the United States.
Parekh’s family has been a great source of support throughout his career. He has been married to his wife, Smita Parekh, for more than four decades and has two children. His daughter, Naina Lal Kidwai, is a well-known businesswoman who has held various leadership positions in the banking industry.
Deepak Parekh Career and Net Worth
Deepak Parekh is one of India’s most recognized and respected business leaders. He is best known for his work in the financial services sector, where he has made significant contributions to the growth and development of the Indian economy.
After completing his postgraduate degree in Management from Harvard Business School, Parekh returned to India and joined the investment bank ICICI. He served as the bank’s CEO from 1985 to 1993, during which time he helped transform it into a leading financial institution.
In 1993, Parekh was appointed Chairman of HDFC, which is one of the largest housing finance companies in India. Under his leadership, HDFC became a leading home loan provider in India and the company’s market capitalization grew from Rs. 1,000 crores to more than Rs. 3 lakh crore.
Parekh has also served on the boards of several Indian companies, including Siemens India, GlaxoSmithKline Pharmaceuticals, and Mahindra & Mahindra. He has been a strong advocate of economic reforms in India and has played a key role in shaping the country’s financial policies.
In recognition of his contributions to the Indian economy, Parekh has received several awards and honors over the years. These include the Padma Bhushan, one of India’s highest civilian honours, and the Economic Times Lifetime Achievement Award.
Deepak Parekh Achievements
Deepak Parekh’s achievements are many and he is widely regarded as one of India’s most successful and influential business leaders. Here are some of his notable achievements:
- HDFC Transformation: As Chairman of HDFC, Parekh oversaw the company’s transformation into one of the largest and most successful housing finance companies in India. He helped make home loans more affordable for middle-class Indians and the company’s market capitalization grew from Rs. 1,000 crores to more than Rs. 3 lakh crore during his tenure.
- Economic Reforms: Parekh has been a strong advocate of economic reforms in India. He has played a key role in shaping the country’s financial policies. He has served on various government committees, including the Rangarajan Committee on Financial Sector Reforms and the Kelkar Committee on Direct Tax Reforms.
- Corporate Governance: Parekh is known for his strong commitment to corporate governance. He has been a strong advocate of transparency and accountability in the business sector. He has served on the boards of several prominent Indian companies and has been a key figure in promoting good governance practice.
- Awards and Honors: Parekh has received several awards and honors over the years in recognition of his contributions to the Indian economy. These include the Padma Bhushan, one of India’s highest civilian honours, and the Economic Times Lifetime Achievement Award.
- Philanthropy: Parekh is also a prominent philanthropist and has been involved in various social and charitable initiatives. He has supported various causes, including education, healthcare, and disaster relief. He has established the Deepak and Smita Parekh Foundation to promote education and healthcare in India.
Information board
Here is the complete biography/wiki of Deepak Parekh and his family, mother, father, name, age, height in feet, weight, body measurements, interests/hobbies, family, address, hometown, ethnicity, place of birth, parents , achievements, school , net worth, birthday, zodiac sign, education, caste, religion, Instagram, Twitter and more.
| Category | Information |
|---|---|
| Name | deepak park |
| Age | 76 |
| Birthday | October 18, 1944 |
| Zodiac sign | Pound |
| Height | 5′ 9″ (approx.) |
| Weight | Not available |
| body measurements | Not available |
| Education | Bachelor of Commerce from Sydenham College, Mumbai |
| School | John Connon Cathedral and School, Mumbai |
| achievements | Padma Bhushan; Economic Times Lifetime Achievement Award; HDFC transformation; Advocacy for economic reforms; Strong commitment to corporate governance; Philanthropy |
| Net worth | US$2.8 billion (as of 2021) |
| Family | Married to Smita Parekh; two children, including his daughter Naina Parekh, who is married to Indian businessman and politician Milind Deora |
| Native city | Mumbai, India |
| ethnicity | Indian |
| Religion | Hindu |
| Breed | Not available |
| Interests and hobbies | Not available |
| ADDRESS | Not available |
| Parents | Father: Kantilal Parekh; Mother – Nirmala Parekh |
Parekh’s Socials
Parekh does not have any social media accounts. We will continue to update the page when more information about their social networks is published.
Lesser Known Facts About Deepak Parekh
- Deepak Parekh was born on October 18, 1944 in Bombay, India.
- He graduated from the University of Mumbai with a Bachelor of Commerce and later obtained a Master of Management Studies from the same university.
- Parekh began his career as a Chartered Accountant with Ernst & Young in Mumbai in 1972.
- He joined the Housing Development Finance Corporation (HDFC) in 1978 and has been associated with the organization ever since. He was appointed president of HDFC in 1993.
- In addition to HDFC, Deepak Parekh has served on the boards of several companies including Siemens India, GlaxoSmithKline Pharmaceuticals, Indian Hotels Company and Mahindra & Mahindra.
frequent questions
1.What is Deepak Parekh’s net worth?
Answer. There is no accurate information available about Deepak Parekh’s net worth. However, it is known to have a significant stake in HDFC, which is one of the largest financial institutions in India.
2. What is Deepak Parekh’s educational background?
Answer. Deepak Parekh has a Bachelor of Commerce and a Master of Management Studies, both from the University of Mumbai.
3.What is the role of Deepak Parekh in HDFC?
Answer. Deepak Parekh is the Chairman of HDFC, which is India’s leading home finance company. He has been associated with the company since 1978.
4.What are some of Deepak Parekh’s achievements?
Answer. Deepak Parekh has been instrumental in transforming HDFC into a leading financial institution in India. He also played a key role in the development of the Indian financial sector, serving on various committees and advisory boards.
5. What is Deepak Parekh’s involvement in philanthropy?
Answer. Deepak Parekh is associated with several charities including the Aga Khan Foundation and the Cancer Aid Association. He has also established the Deepak Parekh Welfare Foundation to support various social causes.
6. What is Deepak Parekh’s position on corporate governance?
Answer. Deepak Parekh is a strong advocate of good corporate governance and has been associated with various initiatives aimed at promoting transparency and accountability in corporate practices.
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Categories: Biography
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