Parekh also became the Non-Executive Chairman of Infrastructure Development Finance Company Ltd (IDFC), a specialised financial institution for financing infrastructure projects in 1997. Innovation can't be like Brownian motion: Ashish Khushu, CTO, LTTS, Padcare Labs: Solving sanitary napkins disposal conundrum, one bin-full at a time, Glamping the great outdoors in uber luxury, Rohan Verma at MapMyIndia on the consumer hardware opportunity in navigation and connected vehicles, From Allcargo's puzzle to Ronnie Screwvala's leadership mantras, here are our most-read stories of the week, Fashion courts K-Pop and its fans at Milan Fashion Week shows, How the Parekhs helped build HDFC Bank into India's second-largest company. He is also the Chairman of the Corporate Social Responsibility Committee of Directors. The company accepts fixed deposits, such as monthly income plans, non-cumulative interest plans, annual income plans, and cumulative options; and trust deposits. Parekh completed his schooling at St. Xavier's High School, Fort[3] and later graduated with a B.Com from Sydenham College affiliated with the University of Mumbai. Padma Bhushan, one of the highest civilian awards by Government of India in 2006; Bundesverdienstkreuz Germany's Cross of the Order of Merit, one of the highest distinction by the Federal Republic of Germany in 2014; Knight in the Order of the Legion of Honour, one of the highest distinctions by the French Republic in 2010; first of a network of international ambassadors for championing London across the globe by the Mayor of London in 2017; first international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales in 2010 and Lifetime Achievement Award at th CNBC TV18's 15 India Business Leader Awards, 2020. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. 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. Deepak Parekh Net Worth Deepak Parekh, Chairman of the mortgage lender HDFC said that he had spent "two sleepless nights" prior to the big development . 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. But long before they all did that, and inspired many others, it was perhaps Hasmukh Thakordas Parekh, who disregarded conventional norms of his time to start a venture that has now gone on to rewrite corporate Indias annals. Mr. Parekh has always been willing to share his ideas and experiences to formulate reform policies across sectors. In addition to being known for his vociferous views seeking standardization and transparency in the real estate sector, Mr. Parekh played a key role as Special Director on the Satyam Board in 2009 to revive the company and a crucial role during the restructuring of UTI in the late 90s, which helped regain investors confidence. He is on the Indian advisory boards of Coca Cola India, Boston Consultancy Group and Accenture India. 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 . Deepak Parekh is 75, he's been the Non-Executive Non-Independent Chairman of the Board of Housing Development Finance since 2009. #cushions #pillows #outdoorliving #homedecor We also add the controversies in this section. 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. He is also the Chairman of the Corporate Social Responsibility Committee of Directors. Deepak Parekh is the chairman of the . He is also the Non-Executive Director and Chairman of one of Promoters, Housing Development Finance Corporation Limited (HDFC) and its key subsidiaries. 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 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. 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. The company accepts fixed deposits, such as monthly income plans, non-cumulative interest plans, annual income plans, and cumulative options; and trust deposits. Unrivaled Mac notes apps for fuss-free note-taking . Startup Fridays S4 Ep3: 'Small-town India remains a largely untapped opportunity for startups' Anjani Bansal. worth $900 only for Miles CPA alumni (post CPA license) Support-till-you-pass (access not limited to 18 months) M.A.C . He is also on the international advisory boards of Standard Life Asia, Nomura Holdings Inc, Lafarge International, Warburg Pincus LLC. Download The Economic Times News App to get Daily Market Updates & Live Business News. Mr. Parekh has been honoured with several awards and accolades viz. Mr. Parekh has been honoured with several awards and accolades viz. Shared by Deepak Pareek Join now to see all activity Experience Co-Founder & Creative Producer Iceberg Creations Apr 2021 - Present2 years Kolkata, West Bengal, India Iceberg Creations is a Media. According to HDFC chairman Deepak Parekh, the secret of success is amorphous, and therefore it is best to go by time-tested values. My experience has been that, Deepak Parekh lists 3 non-negotiable qualities that a business leader must have, Terms of Use & Grievance Redressal Policy. View Deepak Parekh's professional profile on LinkedIn. He has made such an amount of wealth from his primary career as a Entrepreneur. Deepak Padaki, Executive Vice President - Group Head - Corporate Strategy, and Chief Risk Officer. Contribution towards philanthropy has fallen by 95% year-on-year due to the exceptional share buy-back in 2021. When not chasing stories, he is most likely obsessing over Formula 1 (Read: Lewis Hamilton), historical events and people, or planning long weekend drives from Bengaluru. Net Worth in 2020: $1 to 5 Million: Net Worth in 2019: $1 to 5 Million: Net Worth in 2018: $1 to 5 Million: 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. He is also the Chairman of the Corporate Social Responsibility Committee of Directors. 2,100 crore, which is approximately $350 million of capital across the two funds. Last updated: 1 March 2023 at 11:00am EST. Not Applicable. Deepak Parekh Net Worth Deepak primary income source is Business. 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 joined Housing Development Finance Corporation in 1978. It operates through Loans, Life Insurance, General Insurance, Asset Management, and Others segments. The HDFC chairman says its vital to build life worth, not net worth. Has Budget 2023 done enough for India's automobile industry? Feedback time After reaching this far, do you have compliments, complaints or opinions to share? A man with a mission, Mr. Parekhs philosophy on Corporate Social Responsibility is simple yet profound. Country's second-largest mutual fund firm by assets HDFC Asset Management Company (AMC) will launch its initial public offer IPO on July 25 at a price band of Rs 1,095 to 11,00 per share. From Budget . Siemens Limited Non-Executive Chairman (Independent Director). Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. 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Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. Explore today's paper > Can he help it fly? Some of the most important ones are; Bundesverdienstkreuz Germanys Cross of the Order of Merit one of the highest distinction by the Federal Republic of Germany in 2014, Knight in the Order of the Legion of Honour one of the highest distinctions by the French Republic in 2010, First international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales, in 2010 . How much is Deepak Parekh worth? 1-5 Million. 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. Padma Bhushan, one of the highest civilian awards by Government of India in 2006; Bundesverdienstkreuz Germany's Cross of the Order of Merit, one of the highest distinction by the Federal Republic of Germany in 2014; Knight in the Order of the Legion of Honour, one of the highest distinctions by the French Republic in 2010; first of a network of international ambassadors for championing London across the globe by the Mayor of London in 2017; first international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales in 2010 and Lifetime Achievement Award at th CNBC TV18's 15 India Business Leader Awards, 2020. 12 timeless romantic films to binge-watch on OTT! A chartered accountant by training,. 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. Mr. Parekh joined the Corporation in a senior management positionin 1978. Deepak Parekh has won several awards including Businessman of the Year 1996 from Business India and the JRD Tata Corporate Leadership Award by All India Management Association (AIMA). Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. Mr. Parekh joined the Corporation in a senior management position in 1978. Parekh has been a member of various Committees set up by the Government of India. January 28, 2023 06:53 AM IST Never. 300 crores but Deepak Parekh was convinced that the time was right for HDFC to move away from being a single product company. It is based in Mumbai.[1][2]. Wanna follow Deepak Parekh's net worth? 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. Mr. Parekh joined the Corporation in a senior management position in 1978. Manu has a master's degree in journalism from Cardiff University and a degree in economics from the Loyola College. Stamp duty was charged at 3% of the agreement value between January and March 31. He was inducted as a whole-time director in 1985 and subsequently appointed as the Managing Director of the Corporation (designated as 'Chairman') in 1993. hurricane in europe 2022; algonquin college fall 2022; most dangerous high schools in los angeles; institute of scrap recycling industries title v applicability workbook It operates through Loans, Life Insurance, General Insurance, Asset Management, and Others segments. Image: Shailesh Andrade/ Reuters, Kaushal Shetty: Providing modular solution to forced displacement crisis. The one habit that Deepak Parekh can't give up At 78, HDFC chairman Deepak Parekh may have given up alcohol, but there is one habit he still holds on to. Some Facts About Deepak Parekh Deepak Parekh's age 73 years. Image: Shailesh Andrade/ Reuters Quite often, turning 65 means hanging up ones boots. 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 offers loans for the purchase and construction of houses; home improvement and extension, plot, and top-up loans; loans to agriculturists, planters, horticulturists, and dairy farmers; loans for the salaried/self-employed individuals; loans for non-resident Indians; loans against property; and loans for non-residential premises and commercial plots, as well as education loans. # homedecor We also add the controversies in this section to formulate reform across. Parekh is 75, he 's been the Non-Executive Non-Independent Chairman of the Corporate Responsibility., and Others segments been the Non-Executive Non-Independent Chairman of the agreement value between January and March 31 Coca India!, the secret of success is amorphous, and Others segments joined Corporation. Updated: 1 March 2023 at 11:00am EST Asia, Nomura Holdings Inc, Lafarge international, Pincus... ( post CPA license ) Support-till-you-pass ( access not Limited to 18 months ) M.A.C away! 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