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 was also Chairman of the Expert Committee constituted by the Ministry of Power to look into the reform efforts in the power sector. Corporates Edited by Animesh Singh. This button displays the currently selected search type. In the below section we have focused on the net worth and salary. , are at the second ranking in the list. 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. Parekh is a Fellow of The Institute of Chartered Accountants in England and Wales. He believes that if a company earns, it must also return to society and that companies owe a responsibility not just to shareholders, but to all stakeholders. Headquarters of India's HDFC bank is pictured in Mumbai, India
As of June 30, 2021, it operated through a network of 603 offices; and 3 representative offices in Dubai, London, and Singapore. HT Parekh founded Housing Development Finance Corporation Limited (HDFC), India's first retail housing finance company, soon after he had retired as the chairman of Industrial Credit and. HDFC Chairman Deepak Parekh and Kotak Mahindra Bank Vice Chairman and MD Uday Kotak on Monday pushed for a one-time loan restructuring scheme to tackle the rising banking stress due to Covid-19 pandemic. 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 been honoured with several awards and accolades viz. Image: Shailesh Andrade/ Reuters, Kaushal Shetty: Providing modular solution to forced displacement crisis. Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. Here's why. He was appointed as a Non- Executive Director of the Corporation with effect from January 1, 2010. The company was incorporated in 1977 and is based in Mumbai, India. 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. 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. 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. The property in the name of his. He was appointed as a Non- Executive Director of the Corporation with effect from January 1, 2010. The company accepts fixed deposits, such as monthly income plans, non-cumulative interest plans, annual income plans, and cumulative options; and trust deposits. Because . Login ID. Deepak Tijori Auditioned For Maine Pyar Kiya But Lost The Film To Salman Khan Because Of Looks . Startup Fridays S4 Ep3: 'Small-town India remains a largely untapped opportunity for startups' Anjani Bansal. where was moon over parador filmed; wally schirra commercial; when will saunas reopen in new york; wanelda farmer where is she from 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. After 45 years in housing finance, we have to find a home for ourselves which . No products in the cart. He was appointed Chairman of the high level expert committee formed to recommend measures for strengthening the Unit Scheme in 1964. Jain agreed with him on the matter but then went on to bemoan the 'worries' about stifling of criticism and dissent. The company has earned the respect through proven track record and their long-term . A leading Private equity firm, Faering Capital has an entrepreneurial vision. HDFC Chairman Deepak Parekh Thursday said the COVID-hit economy is likely to recover on the back of the rural sector and "signs of the wheels of the economy beginning to churn are evident". 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. 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. 12 timeless romantic films to binge-watch on OTT! At that time HDFC's net worth was Rs. Parekh has worked at Ernst & Young, Grindlays Bank, and Chase Manhattan Bank as its assistant representative for South Asia. 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. 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. Deepak Parekh is 75, he's been the Non-Executive Non-Independent Chairman of the Board of Housing Development Finance since 2009. He has been on our Board since July 4, 2000. According to HDFC chairman Deepak Parekh, the secret of success is amorphous, and therefore it is best to go by time-tested values. Finance industry veteran Deepak Parekh on Monday lauded Prime Minister Narendra Modi for doing a "remarkable job" in the last eight years. 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. He is also the Chairman of the Corporate Social Responsibility Committee of Directors. 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. . Mr. Parekh joined the Corporation in a senior management position in 1978. Deepak Parekh: HDFC investors voted against me due to directorship in many firms 2 min read . Updated: April 04, 2022 9:01 pm . Mr. Deepak S. Parekh (DIN: 00009078) is the Chairman HDFC and its key subsidiaries. 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. I was convinced that the time was right for HDFC to have some diversification in its business. Updated: 01 Aug 2018, 09:40 AM IST Gopika Gopakumar HDFC chairman Deepak Parekh is currently on. Spring themed cushions digitally printed on water repellent fabric for indoors and outdoors. Last updated: 1 March 2023 at 11:00am EST. The merger will take 15-18 months to complete because of various approvals required from regulators of securities, insurance and banking sector. 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 . Categories. Stamp duty was charged at 3% of the agreement value between January and March 31. ISLAMABAD, June 1, 2020 (Xinhua) People wait to receive charity food from a Pakistani charity organization amid COVID-19 . Mumbai's financial community can't be. He is the non-executive chairman in India of Siemens Ltd, Glaxo Smithkline Pharmaceuticals Ltd and BAE Systems India (Services) Pvt Ltd. In a BCCI media release, Parekh has been dubbed as "unofficial crisis consultant of the Government. The full house at a South Mumbai auditorium was respectfully quiet. Last updated: 1 December 2022 at 11:00am EST. The oldest executive at Housing Development Finance Corporation Limited is J.Irani, 83, who is the Non-Executive Independent Director. Irrfan khan's Net Worth is estimated to be around $55 Million Dollars, Which are 398 Crores Indian Rupees in Indian Rupees ( i.e approx Three Hundred and Ninety-Eight Crores Rupees ). Mr. Parekh joined the Corporation in a senior management positionin 1978. In multiple occasions, the two held differing views on the health of the Indian economy. Deepak S. Parekh serves as Non-Executive Non-Independent Chairman of the Board of the Company. Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. HDFC Chairman Deepak Parekh said since Independence, India has had a recession only 3 times 1958, 1966 and 1980. . 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). Deepak Parekh is 75, he's been the Non-Executive Non-Independent Chairman of the Board of Housing Development Finance since 2009. [4] He went to England in 1965 to qualify as a chartered accountant with the ICAEW; he completed his articles with Whinney, Smith and Whinney (which later became Ernst & Young) in London. Kaushal Shetty: Providing modular solution to forced displacement crisis Salman Khan Because Looks... 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