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Deepak Parekh is among the most respected business leaders of India, the man behind the housing finance revolution that helped and continues to support millions of Indians to become homeowners. HDFC remains one of the most reputed financial institutions, high on performance, uncompromising on ethics and upholding tried and tested values.
Deepak Parekh, a hugely talented financier, is today seen more as a 'corporate leader' serving the interests of society well beyond the confines of HDFC and its sister organizations in Banking, Insurance, Infrastructure development and Asset Management that he presides.
The government of India appointed him in January to the Board of NYSE-listed Satyam Computers when the 4th ranked Indian IT company was plagued by a massive fraud. The transparent and decisive manner in which Satyam was stabilized under his stewardship and sold off to keep its business afloat and clientele served speaks for his leadership, the trust that he inspires in the government, in the corporate world and in the domestic and international stakeholders.
Mr. Parekh has been a key adviser to successive Prime Ministers on a range of policy issues spanning finance, infrastructure and investment and has been a member of numerous committees set up by the government to make recommendations in specific economic, financial and social domains. He is an active civil society personality at the forefront of social housing as well as for the cause of his home city, Mumbai
Finally, Mr. Parekh remains one of the few constant and reassuring faces of Indian business since the early days of the economic liberalization process that started in 1991 under the stewardship of Dr. Manmohan Singh, the then Finance Minister who is going into an unprecedented second term as the Prime Minister of India, as we write this. Deepak Parekh, a committed, active and admired public personality, in addition to being a gifted business leader and a star performer among the captains of Indian industry, has been a trusted advisor to Dr. Manmohan Singh for many years.
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