Deepak Parekh: Wiki, Bio, Age, Education, Net Worth, Wife, Salary, Qualification, Family Background, Parents, Forbes, Son, Family Tree, Committee upsc, Committee Recommendations: Deepak Parekh is a well-known Indian businessman and financial expert. He is the current Chairman of Housing Development Finance Corporation (HDFC), which is one of the largest financial institutions in India.
Deepak Parekh Biography
Parekh was born on 18th October 1944 in Mumbai, India. He earned his Bachelor’s degree in Commerce from the University of Mumbai and later completed his post-graduation in Management from the Harvard Business School. After completing his education, Parekh started his career with Ernst & Young in New York. He then returned to India and joined Grindlays Bank, where he worked for almost two decades. In 1993, he was appointed as the Chairman of HDFC and has been leading the organization since then.
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 several boards and committees, including the Reserve Bank of India’s Board for Financial Supervision, the National Council of Applied Economic Research, and the Securities and Exchange Board of India.
Parekh has received numerous awards and accolades for his contributions to the financial sector, including the Padma Bhushan, which is one of India’s highest civilian honors. He is widely regarded as one of the most influential and respected figures in the Indian financial industry.
Deepak Parekh Early Life
Deepak Parekh was born on 18th October 1944 in Mumbai, India. His father was a businessman who ran a small engineering firm, and his mother was a homemaker. Parekh grew up in a middle-class family in Mumbai and completed his schooling from St. Xavier’s High School in the city.
After completing his schooling, Parekh went on to earn his Bachelor’s degree in Commerce from the University of Mumbai. He then went to the United States to pursue his post-graduation in Management from the Harvard Business School. Parekh’s early years were marked by 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 several challenges along the way, Parekh remained committed to his goals and worked tirelessly to achieve success.
Parekh’s Family and Education
Deepak Parekh was born and brought up in Mumbai, India, in a middle-class family. His father was a businessman who ran a small engineering firm, and his mother was a homemaker. Parekh completed his schooling from 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 schooling, Parekh went on to earn his Bachelor’s degree in Commerce from the University of Mumbai. He then pursued his post-graduation in Management from the Harvard Business School in the United States.
Parekh’s family has been a strong source of support throughout his career. He has been married to his wife, Smita Parekh, for over four decades and has two children. His daughter, Naina Lal Kidwai, is a well-known businesswoman who has held several leadership positions in the banking industry.
Deepak Parekh Career & Net Worth
Deepak Parekh is one of India’s most renowned 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 post-graduation in Management from Harvard Business School, Parekh returned to India and joined the investment bank, ICICI. He served as the CEO of the bank from 1985 to 1993, during which time he helped to transform it into a leading financial institution.
In 1993, Parekh was appointed as the Chairman of HDFC, which is one of India’s largest housing finance companies. Under his leadership, HDFC became a leading provider of home loans in India, and the company’s market capitalization grew from Rs. 1,000 crore to over 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 for 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 honors, and the Lifetime Achievement Award from the Economic Times.
Deepak Parekh’s 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:
- Transformation of HDFC: As the Chairman of HDFC, Parekh oversaw the transformation of the company into one of India’s largest and most successful housing finance companies. He helped to make home loans more accessible to middle-class Indians, and the company’s market capitalization grew from Rs. 1,000 crore to over Rs. 3 lakh crore during his tenure.
- Economic Reforms: Parekh has been a strong advocate for economic reforms in India. He has has played a key role in shaping the country’s financial policies. He has served on several 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 vocal advocate for transparency and accountability in the corporate sector. He has served on the boards of several prominent Indian companies and has been a key figure in promoting good governance practices.
- 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 honors, and the Lifetime Achievement Award from the Economic Times.
- Philanthropy: Parekh is also a noted philanthropist and has been involved in several 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 Table
Here is the full bio/wiki of Deepak Parekh and his family, mother, father, name, age, height in feet, weight, body measurements, interests/hobbies, family, address, hometown, ethnicity, birthplace, parents, achievements, school, net worth, birthday, zodiac sign, education, caste, religion, Instagram, Twitter and more.
| Category | Information |
|---|---|
| Name | Deepak Parekh |
| Age | 76 |
| Birthday | 18th October, 1944 |
| Zodiac Sign | Libra |
| Height | 5′ 9″ (approx.) |
| Weight | Not available |
| Body Measurements | Not available |
| Education | Bachelor’s degree in Commerce from Sydenham College, Mumbai |
| School | Cathedral and John Connon School, Mumbai |
| Achievements | Padma Bhushan; Lifetime Achievement Award from the Economic Times; Transformation of HDFC; 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 daughter Naina Parekh, who is married to Indian businessman and politician Milind Deora |
| Hometown | Mumbai, India |
| Ethnicity | Indian |
| Religion | Hindu |
| Caste | Not available |
| Interests/Hobbies | Not available |
| Address | Not available |
| Parents | Father – Kantilal Parekh; Mother – Nirmala Parekh |
Parekh’s Socials
Parekh doesnt have any social media accounts. We will keep updating the page when more information about his social media is released.
Lesser Known Facts About Deepak Parekh
- Deepak Parekh was born on October 18, 1944, in Mumbai, India.
- He graduated from the University of Mumbai with a Bachelor’s degree in Commerce, and then went on to earn a Master’s degree in Management Studies from the same university.
- Parekh started 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 as the Chairman of HDFC in 1993.
- Apart from HDFC, Deepak Parekh has served on the boards of various companies, including Siemens India, GlaxoSmithKline Pharmaceuticals, Indian Hotels Company, and Mahindra & Mahindra.
FAQs
1.What is Deepak Parekh’s net worth?
Answer.There is no precise information available about Deepak Parekh’s net worth. However, he is known to have a significant shareholding in HDFC, which is one of India’s largest financial institutions.
2.What is Deepak Parekh’s educational background?
Answer. Deepak Parekh has a Bachelor’s degree in Commerce and a Master’s degree in Management Studies, both from the University of Mumbai.
3.What is Deepak Parekh’s role at HDFC?
Answer.Deepak Parekh is the Chairman of HDFC, which is India’s leading housing 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 has 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 various charitable organizations, including the Aga Khan Foundation and the Cancer Patients Aid Association. He has also established the Deepak Parekh Welfare Foundation to support various social causes.
6.What is Deepak Parekh’s stance 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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