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BW Businessworld

Lender Extraordinaire

Photo Credit :

Life Mantra: An individual should learn for the first 25 years, earn for the next 25 years and return (read: to society as charity or otherwise) for the remaining years of his life.
Favourite Films: The Bridge On The River Kwai and Cheeni Kum
Best Book: The World Is Flat by Thomas Friedman
Role Models: H.T. Parekh (uncle) and Keshub Mahindra
Favourite Pastime: Playing bridge
Favourite Song: Mera joota hai Japani from Shree 420
Favourite Poem: The Listeners by Walter de la Mare
First salary: Rs 2,200 (converted from dollars) in 1970
Favourite quote: Do unto others as you would like others do unto you
Holiday destinations: Goa and the Bahamas
Regret: Never played golf

"You need a second profession or some strong areas of interest after you retire. I sometimes worry that after I retire, I may age faster

The biggest challenge now is how to be a non-executive chairman of a company that I have run for so many years
18 0ctober 1944: Deepak Shantilal Parekh is born
1956-1961: St Xavier’s High School, Mumbai
1961-1965: Sydenham College, Mumbai. B Com (Honours) with Accounting and Auditing
1965-1969: Articleship with Whinney Muray and Co., Chartered Accountants, London
May 1969: Qualifies as chartered accountant and becomes an associate member of the Institute of
Chartered Accountants (England and Wales)
May 1970-May 1971: Ernst & Ernst Management Consultancy Services, New York
October 1971-June 1972: Appointed chief accountant, Precision Fasteners, Mumbai
July 1972-July 1975: Finance officer, Merchant Banking, Grindlays Bank, Mumbai
July 1975-November 1978: Assistant representative for South Asia of Chase Manhattan Bank, Mumbai
November 1978: Joined Housing Development Finance Corporation Limited (HDFC Ltd) as deputy general manager
July 1983: Executive director, HDFC Ltd
April 1985: Managing director, HDFC Ltd
February 1993: Chairman, HDFC Ltd
2006: Awarded the Padma Bhushan

(This story was published in BW | Businessworld Issue Dated 30-12-2013)