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{{short description|Indian businessman}}
{{Use dmy dates|date=October 2018}}
{{Use Indian English|date=October 2018}}
{{Infobox person
| name = Deepak Parekh
| image = File:Secretary Geithner meets with India's business leaders (8077875734).jpg
| caption = Parekh (left) seated with Timothy Geithner at a [[Confederation of Indian Industry|CII]] meeting in October 2009.
| birth_date = {{birth date and age|df=yes|1944|10|18}}
| alma_mater = {{ubl|[[Sydenham College of Commerce and Economics|Sydenham College of Commerce and Economics, Mumbai]]|[[Institute of Chartered Accountants in England and Wales]]}}
| occupation = Former Non-Executive Chairman of the [[Housing Development Finance Corporation|HDFC]]
| relatives = [[Hasmukhbhai Parekh]] (uncle)
| awards = [[Padma Bhushan]]
}}

'''Deepak Parekh''' (born 18 October 1944) is an Indian businessman and the former chairman of [[Housing Development Finance Corporation]], [[India]]'s leading housing [[Financial institution|private development finance institution]]. It is based in [[Mumbai]].<ref>[https://web.archive.org/web/20090125061340/http://people.forbes.com/profile/deepak-s-parekh/86998 Profile] at Forbes.com</ref><ref>{{cite news|url=http://www.milligazette.com/Archives/15042002/1504200280.htm|title=If Govt. can't protect lives, it should go|date=28 March 2002|publisher=[[The Milli Gazette]]|location=[[Mumbai]]|first=Dev|last=Chatterjee|access-date=14 May 2018|archive-date=14 May 2018|archive-url=https://web.archive.org/web/20180514213645/http://www.milligazette.com/Archives/15042002/1504200280.htm|url-status=live}}</ref>

==Education==
Parekh completed his schooling at [[St. Xavier's High School, Fort]]<ref>{{cite news|last1=Modak|first1=Sadaf|title=Alumni go back to school|url=http://www.hindustantimes.com/chunk-ht-ui-topschools-mumbai/alumni-go-back-to-school/article1-609447.aspx|access-date=2 September 2015|work=Hindustan Times|date=7 October 2010}}{{dead link|date=August 2021|bot=medic}}{{cbignore|bot=medic}}</ref> and later graduated with a [[Bachelor of Commerce|B.Com]] from [[Sydenham College]] affiliated with the [[University of Mumbai]].<ref>{{cite web|title=Deepak S. Parekh BCom FCA: Executive Profile & Biography|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=467637&privcapId=26268543|website=Bloomberg|access-date=2 September 2015|archive-date=24 September 2015|archive-url=https://web.archive.org/web/20150924234650/http://www.bloomberg.com/research/stocks/private/person.asp?personId=467637&privcapId=26268543|url-status=live}}</ref> He went to England in 1965 to qualify as a [[chartered accountant]] with the [[Institute of Chartered Accountants in England and Wales|ICAEW]]; he completed his articles with Whinney, Smith and Whinney (which later became [[Ernst & Young]]) in London.

He also cleared the Certified Associate of Indian Institute of Bankers (CAIIB) of [[Indian Institute of Banking and Finance]]. He cleared his ACA exams in the first attempt and was afterwards posted at the firm's consulting arm [[Ernst & Ernst]] in New York.<ref>{{cite news|last1=Young|first1=Colin|title=A rich legacy|url=http://www.gaaaccounting.com/a-rich-legacy/|access-date=2 September 2015|work=GAA Accounting|date=17 April 2010|archive-date=4 March 2016|archive-url=https://web.archive.org/web/20160304075431/http://www.gaaaccounting.com/a-rich-legacy/|url-status=dead}}</ref>

==Career==
Parekh has worked at [[Ernst & Young]], [[Grindlays Bank]], and [[Chase Manhattan Bank]] as its assistant representative for [[South Asia]]. He joined [[Housing Development Finance Corporation]] (HDFC) in 1978. HDFC was founded by his uncle, [[Hasmukhbhai Parekh]].<ref>{{Cite web |last=Vanamali |first=Krishna Veera |date=5 April 2022 |title=How life has come full circle for Deepak Parekh? |url=https://www.business-standard.com/podcast/companies/how-life-has-come-full-circle-for-deepak-parekh-122040500071_1.html |access-date=11 October 2024 |website=Business Standard |archive-date=24 September 2022 |archive-url=https://web.archive.org/web/20220924203744/https://www.business-standard.com/podcast/companies/how-life-has-come-full-circle-for-deepak-parekh-122040500071_1.html |url-status=live }}</ref> Parekh also became the Non-Executive Chairman of Infrastructure Development Finance Company Ltd (IDFC), a specialised financial institution for financing infrastructure projects in 1997. He is also the Non-Executive Chairman of Glaxo India Ltd & Burroughs Wellcome (India) Ltd and on the Board of [[Castrol]] India Limited, Fairfax India Holdings Corporation, and Siemens Ltd, [[Mahindra & Mahindra]], Indian Hotels Company and [[SingTel]]. Parekh is an advisory board member of [[AIESEC]] India and US Engineering consultancy giant, AECOM and [[Tribeca Developers]].

Parekh has been a member of various Committees set up by the Government of India. He was appointed Chairman of the high level expert committee formed to recommend measures for strengthening the Unit Scheme in 1964. The [[Reserve Bank of India]] appointed him Chairman of the Advisory Group for [[Capital market|Securities Market]] Regulation, which was tasked to compare the level of adherence to international standards in India with that in other countries. He was also Chairman of the Expert Committee constituted by the Ministry of Power to look into the reform efforts in the power sector.

==Awards and honors==
Deepak Parekh has won several awards including Businessman of the Year 1996 from ''Business India'' and the [[J. R. D. Tata|JRD Tata]] Corporate Leadership Award by All India Management Association (AIMA). He was the first recipient of the Qimpro Platinum Award for Quality for his contributions to the services sector, and the youngest recipient of the Corporate Award for Life Time Achievement by [[the Economic Times]]. [[Padma Bhushan]] was conferred on him by the Government of India.<ref name="Padma Awards">{{cite web |url=http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf |title=Padma Awards |publisher=Ministry of Home Affairs, Government of India |date=2015 |access-date=21 July 2015 |url-status=dead |archive-url=https://web.archive.org/web/20151015193758/http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf |archive-date=15 October 2015 }}</ref> In 2010 he was the first international recipient of The [[Institute of Chartered Accountants in England and Wales]]’ Outstanding Achievement Award, for his contribution over many years to the finance and accountancy profession.<ref>[http://www.icaew.com/index.cfm/route/170260/icaew_ga/en/Home/Press_and_policy/Press_releases/An_international_first__top_Indian_financial_leader_wins_accountancy_accolade An international first - top Indian financial leader wins accountancy accolade] {{Webarchive|url=https://web.archive.org/web/20101228023721/http://www.icaew.com/index.cfm/route/170260/icaew_ga/en/Home/Press_and_policy/Press_releases/An_international_first__top_Indian_financial_leader_wins_accountancy_accolade |date=28 December 2010 }}, [[ICAEW]], 2 February 2010</ref> He was appointed as the advisor to Sunil Gavaskar who was interim chairman of IPL-7.<ref>{{cite news | url=https://www.thehindu.com/sport/cricket/deepak-parekh-appointed-special-advisor-to-gavaskar/article5901381.ece | title=Deepak Parekh appointed special advisor to Gavaskar | date=11 April 2014 | newspaper=The Hindu | access-date=23 October 2018 | archive-date=12 November 2020 | archive-url=https://web.archive.org/web/20201112041020/https://www.thehindu.com/sport/cricket/deepak-parekh-appointed-special-advisor-to-gavaskar/article5901381.ece | url-status=live }}</ref> Parekh is also on the [[Advisory board]] of [[IIMUN]].<ref>{{Cite web|title=I.I.M.U.N. {{!}}{{!}} Board of Advisors|url=https://new.iimun.in/pages/BoA.html|access-date=2021-07-17|website=new.iimun.in|archive-date=17 July 2021|archive-url=https://web.archive.org/web/20210717042250/https://new.iimun.in/pages/BoA.html|url-status=dead}}</ref>

==References==
{{Reflist}}

{{PadmaBhushanAwardRecipients 2000–09}}

{{HDFC Group}}

{{DEFAULTSORT:Parekh, Deepak}}
[[Category:Businesspeople from Mumbai]]
[[Category:Recipients of the Padma Bhushan in trade and industry]]
[[Category:Indian accountants]]
[[Category:1944 births]]
[[Category:Living people]]
[[Category:Businesspeople from Gujarat]]
[[Category:HDFC Group]]
[[Category:Indian Jains]]

Deepak Parekh - Revision history

imported>Jamaica405 at 07:04, 25 June 2025