Mr. Parekh has been honoured with several awards and accolades viz. 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. Deepak Parekh is 75, he's been the Non-Executive Non-Independent Chairman of the Board of Housing Development Finance since 2009. 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 ). 30 Under 30 2023: A decade of celebrating outstanding young achievers. 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. 25 December, 2020 OpIndia Staff Image Credit: YouTube screengrab/NDTV 9910 Mr. Parekh joined the Corporation in a senior management positionin 1978. Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. According to HDFC chairman Deepak Parekh, the secret of success is amorphous, and therefore it is best to go by time-tested values. The company was incorporated in 1977 and is based in Mumbai, India. Copyright 2023. 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. 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. . Air India's order for 470 aircraft will be worth $70 billion: CEO Wilson . Deepak Parekh Net Worth 2021-09-10 0. How much money does 50 Cent have 2020? 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. 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 . 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. Finance industry veteran Deepak Parekh on Monday lauded Prime Minister Narendra Modi for doing a "remarkable job" in the last eight years. Parekh has worked at Ernst & Young, Grindlays Bank, and Chase Manhattan Bank as its assistant representative for South Asia. Mr. Parekh joined the Corporation in a senior management position in 1978. He is the non-executive chairman in India of Siemens Ltd, Glaxo Smithkline Pharmaceuticals Ltd and BAE Systems India (Services) Pvt Ltd. Here's how the Microsoft-owned platform cracked the India growth story. At the moment, the company manages Rs. 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. 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. He is also the Chairman of the Corporate Social Responsibility Committee of Directors. Anand Mahindra | Net Worth Education 2022, Total Remuneration Rs 2,47,00,000 [Paid in FY20]. New Delhi [India], April 17 (ANI): Real estate developers in Delhi-NCR have taken strong exception to HDFC Chairman Deepak Parekh's remarks who said that property prices may crash up to 20 per . Mr. Parekhs astute business acumen and farsightedness has not only made HDFC the leader in mortgages, but has also transformed it into Indias leading financial services conglomerate with presence in banking, asset management, life insurance, general insurance, real estate venture fund, education loans and education. It operates through Loans, Life Insurance, General Insurance, Asset Management, and Others segments. 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. The oldest executive at Housing Development Finance Corporation Limited is J.Irani, 83, who is the Non-Executive Independent Director. Deepak Parekh is the chairman of the . But here have been some notable exceptions, too. Some Facts About Deepak Parekh Deepak Parekh's age 73 years. He retired as the Managing Director on December 31, 2009. Last updated: 1 February 2023 at 11:00am EST. He is also the Non-Executive Director and Chairman of one of Promoters, Housing Development Finance Corporation Limited (HDFC) and its key subsidiaries. The merger will take 15-18 months to complete because of various approvals required from regulators of securities, insurance and banking sector. . Mr. Parekh joined the Corporation in a senior management position in 1978. Deepak Tijori Auditioned For Maine Pyar Kiya But Lost The Film To Salman Khan Because Of Looks . Birth Sign Libra. Mr. Parekh joined the Corporation in a senior management position in 1978. Estimated Net Worth in 2019: $100K-$1M (Approx.) You can have Dhoni, Kohli, Rohit's qualities, but try to be true to yourself: KL Rahul, COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Headquarters of India's HDFC bank is pictured in Mumbai, India The company was incorporated in 1977 and is based in Mumbai, India. . HDFC chairman Deepak Parekh on Monday said harmonisation of rules between banks and non-banks which reduces the regulatory arbitrage was one of the key factors which influenced the decision for. 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. Last updated: 1 March 2023 at 11:00am EST. 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. Parekh also became the Non-Executive Chairman of Infrastructure Development Finance Company Ltd (IDFC), a specialised financial institution for financing infrastructure projects in 1997. There are 6 executives at Housing Development Finance getting paid more, with Keki Minoo Mistry CPA, CPAhaving the highest compensation of $170,223,240. Has Budget 2023 done enough for India's automobile industry? A leading Private equity firm, Faering Capital has an entrepreneurial vision. Parekh (left) seated with Timothy Geithner at a, Sydenham College of Commerce and Economics, Mumbai, Institute of Chartered Accountants in England and Wales, "If Govt. 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. 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. . It operates through Loans, Life Insurance, General Insurance, Asset Management, and Others segments. The oldest executive at Housing Development Finance Corporation Limited is J.Irani, 83, who is the Non-Executive Independent Director. "As the son grows older, he acquires the father's business," Parekh said at a press conference on Monday. Parekh is an advisory board member of AIESEC India and US Engineering consultancy giant, AECOM and Tribeca Developers. At his retirement on 26 October 2020, Aditya Puri Net Worth was 185 Crore Rupees. Born in Cambridge Zodiac Sign:Virgo Andrij Parekh age is around 49,as Andrij Parekh was born on the 20th of 09, 1971 in Cambridge. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. As a result of the exercise of 1,03,604 restricted stock units (RSUs) during fiscal 2019, he also earned Rs 7.64 . Required fields are marked *. In the below section we have focused on the net worth and salary. He has been on our Board since July 4, 2000. He was also Chairman of the Expert Committee constituted by the Ministry of Power to look into the reform efforts in the power sector. He is also on the boards of Indian Hotels Company Ltd and Bangalore International Airport Limited (BIAL). The great melting and eventual sinking: Have we reached the point of no return? Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. Housing Development Finance executives and other stock owners filed with the SEC include: Probieren Sie wallmine & ndash; es ist kostenlos. 2020 05:09 IST. where was moon over parador filmed; wally schirra commercial; when will saunas reopen in new york; wanelda farmer where is she from Mr Parekh receives Rs 6.07 crore in fixed salary and 10.96 crore as a bonus. The company has earned the respect through proven track record and their long-term . He is on the Indian advisory boards of Coca Cola India, Boston Consultancy Group and Accenture India. After the amalgamation announcement, HDFC chairman Deepak Parekh called it a "merger of equals". , are at the second ranking in the list. Housing Development Finance executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Deepak Padaki, Executive Vice President - Group Head - Corporate Strategy, and Chief Risk Officer. Spring themed cushions digitally printed on water repellent fabric for indoors and outdoors. As of June 30, 2021, it operated through a network of 603 offices; and 3 representative offices in Dubai, London, and Singapore. One million dollars in political giving a small part of some tech billionaires' net worth could make them revered and feared campaign donors. Deepak S. Parekh serves as Non-Executive Non-Independent Chairman of the Board of the Company. He joined Housing Development Finance Corporation in 1978. For any issues, please contact Helpdesk. 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