It's 75-year old Chairman Deepak Parekh is a doyen of the country's financial industry and earned himself the reputation of 'trouble shooter' in chief. HDFC chairman Deepak Parekh's wife has bought an apartment worth Rs 50 crore in Mumbai, the latest high-value residential deal in India's financial capital. Here's why. Although not quite 65, Falguni Nayar founded Nykaa at 49 and turned it into a beauty and fashion behemoth by the time she is nearly 60. Mr. Deepak S. Parekh (DIN: 00009078) is the Chairman HDFC and its key subsidiaries. Deepak Parekh net worth 5.48 Million Millions of dollars 89% Net worth score Disclamer: Deepak Parekh net worth displayed here are calculated based on a combination social factors. There are 1 older and 12 younger executives at Housing Development Finance. The HDFC chairman says its vital to build life worth, not net worth. He is the non-executive chairman in India of Siemens Ltd, Glaxo Smithkline Pharmaceuticals Ltd and BAE Systems India (Services) Pvt Ltd. Housing Development Finance Corporation (, Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, HDFC Chairman Deepak Parekhs family buys Rs 50-cr sea-view apartment in Mumbais Worli, Terms of Use & Grievance Redressal Policy. He also cleared the Certified Associate of Indian Institute of Bankers (CAIIB) of Indian Institute of Banking and Finance. As the Non-Executive Non-Independent Chairman of the Board of Housing Development Finance, the total compensation of Deepak Parekh at Housing Development Finance is 24,700,000. In addition, the company provides cross-selling products and services; investment advisory services; life insurance products; general insurance products, including motor, health, travel, crop, home, personal accident, property, marine, aviation, and liability insurance; venture capital funds; asset management services comprising portfolio management, mutual fund, and property investment management; and other services consisting of project management, investment consultancy, and property related services. It operates through Loans, Life Insurance, General Insurance, Asset Management, and Others segments. , are at the second ranking in the list. There are 6 executives at Housing Development Finance getting paid more, with Keki Minoo Mistry CPA, CPA having the highest compensation of $170,223,240. He is also the Chairman of the Corporate Social Responsibility Committee of Directors. A leading Private equity firm, Faering Capital has an entrepreneurial vision. Lan Id Sign On : Please login to Tech Mahindra Application Portal with your LAN ID and Password. He was appointed as a Non- Executive Director of the Corporation with effect from January 1, 2010. 2021-09-10 0. Thank you for your comment, we value your opinion and the time you took to write to us! Updated: 01 Aug 2018, 09:40 AM IST Gopika Gopakumar HDFC chairman Deepak Parekh is currently on. Deepak S. Parekh serves as Non-Executive Non-Independent Chairman of the Board of the Company. Deepak Parekh (born October 18, 1944) is the non-executive chairman of the board of HDFC. HDFC Life Insurance Company Limited Non-Executive Chairman. 2022-03-21 0. Times Internet Limited. Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. Deepak Parekh is the chairman of the . HDFC reported a 54 per cent increase in standalone net profit at Rs . He was appointed as a Non- Executive Director of the Corporation with effect from January 1, 2010. Deepak Parekh was re-appointed as a Non-Executive Director on the board of the country's largest mortgage lender HDFC but nearly 23 per cent of the shareholders voted against his continuation. Mr. Deepak Parekh (73) spearheads Indias premier housing finance company HDFC Ltd., which has turned the dream of owning a home into a reality for millions across the country. This financial tool allows one to resolve their queries related to Public Provident Fund account. Economy, Merger, Leadership: Deepak Parekh On Institution Building BQ Prime 674K subscribers 807 Dislike Share 25,977 views Streamed live on May 19, 2022 In conversation with Deepak Parekh. #cushions #pillows #outdoorliving #homedecor . Mr. Parekh has been honoured with several awards and accolades viz. He retired as the Managing Director on December 31, 2009. LinkedIn is the world's largest business network, helping professionals like Deepak Parekh discover inside connections to recommended job candidates, industry experts, and business partners. He has previously worked with Quartz, The Economic Times and Business Standard in Mumbai and New Delhi. In 2019, he was India's highest-paid CEO with a monthly salary of Rs 89 lakh. In addition, the company provides cross-selling products and services; investment advisory services; life insurance products; general insurance products, including motor, health, travel, crop, home, personal accident, property, marine, aviation, and liability insurance; venture capital funds; asset management services comprising portfolio management, mutual fund, and property investment management; and other services consisting of project management, investment consultancy, and property related services. But here have been some notable exceptions, too. 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At that time, HDFC's net worth was around Rs3 billion. 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 on the Indian advisory boards of Coca Cola India, Boston Consultancy Group and Accenture India. 2021-09-10 0. Mr. Parekh has always been willing to share his ideas and experiences to formulate reform policies across sectors. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. Mr. Parekh has been a member of various high-powered economic groups, advisory committees and task forces which include infrastructure, housing, financial services and capital markets. He was inducted as a whole-time director of the Corporation in 1985 and subsequently appointed as the Managing Director of the Corporation (designated as 'Chairman') in 1993. Required fields are marked *. Deepak S. Parekh serves as Non-Executive Non-Independent Chairman of the Board of the Company. He was appointed Chairman of the high level expert committee formed to recommend measures for strengthening the Unit Scheme in 1964. 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There are 6 executives at Housing Development Finance getting paid more, with Keki Minoo Mistry CPA, CPA having the highest compensation of $170,223,240. 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How many kids does Will Smith have? Mr. Parekh has been honoured with several awards and accolades viz. HDFC Chairman Deepak Parekh said since Independence, India has had a recession only 3 times 1958, 1966 and 1980. . For reprint rights: Times Syndication Service, Deepak Parekh holds just 0.07% in HDFC that he helped build, Shruti Haasan and Santanu Hazarika's lovey-dovey pics, Tens Telugu movies to watch on Valentines Day, Hottest ethnic looks from Sidharth Malhotra-Kiara Advani's reception, Ayushmann Khurranas favourite Rajma Masala recipe. Explore today's paper > As the Non-Executive Non-Independent Chairman of the Board of Housing Development Finance, the total compensation of Deepak Parekh at Housing Development Finance is 24,700,000. It operates through Loans, Life Insurance, General Insurance, Asset Management, and Others segments. Pic: IANS. The firm was founded in 2009 by Aditya Parekh and Sameer Shroff. 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