INSTITUTE OF PROFESSIONAL EDUCATION & RESEARCH, BHOPAL INFO HUNT ONDEEPAK PAREKH PRESENTED BY—SANDEEP PATEL
DEEPAK SHANTILAL PAREKH Born on Oct 18, 1944, India A Chartered Accountant Graduated from Sydenham College, Mumbai in 1965 Deepak Parekh began his career with Ernst & Young Management Consultancy Services
INTRODUCTION Joined HDFC as a deputy GM in 1978 Chairman of HDFC since 1993 He is also the Non-Executive Chairman of GlaxoSmithkline Pharmaceuticals, Siemens India Ltd, Lafarge India.
TURNING POINT The turning point in his career came when he joined HDFC in 1978. He climbed the corporate ladder very efficiently and smoothly. In 1985 he was promoted to the post of Managing Director and Since 1993 He has been serving as the chairman. His contribution in making HDFC India’s leading financial institution is very instrumental.
ACHIEVEMENTS Recipient of Padma Bhushan in 2006 Economic Times Life Time Achievement Award JRD Corporate Leadership Award Businessman of The Year Award by Business India Best Non Executive Director award by the Asian Centre for Corporate Governance.
CONTRIBUTION Times Bank merging with HDFC Bank in 2001 (first merger in the countrys private sector banking space) HDFC Bank absorbing Centurion Bank of Punjab None of HDFCs senior employees - directors, GMs and deputy GMs have left the organisation over the past decade Recommendations for the proposed- India infrastructure Debt Fund, Ways of making Indian cities slum-free (Rajiv Awas Yojna), Deteriorating financial health and competitiveness of BSNL. Chairmanship of the New Pension Scheme Expert Group Membership to Comptroller & Auditor General of India (C&AG)s Audit Advisory Board etc.
INDIVIDUAL USP Manager, entrepreneur and leader rolled into one He can cram a 48-hour schedule into 24 hours Has the record of attending six parties a day (He socializes to network, which is important in the financial sector) Unique ability of redefining complex problems, and solving the same, innovatively.
QUOTES"Some of the younger, newer business houses wantto become a Tata or a Birla in two years not by fairmeans, but by foul means. That should be avoided.You cant become a billionaire overnight, unless youhave done something wrong."