People: Mahindra and Mahindra Ltd (MAHM.BO)
14 Mar 2014
Mr. Deepak S. Parekh is Non-Executive Independent Director of Mahindra & Mahindra Ltd. He is the Chairman of Housing Development Finance Corporation Limited (HDFC), India’s premier Housing Finance Institution. A Chartered Accountant by profession, he has been with HDFC for 28 years. Under his leadership, HDFC has grown from its humble beginning, into a financial powerhouse with its activities diversifying into Banking, Asset Management, Life Insurance, General Insurance, BPO, Credit Bureau and Real Estate Venture Fund. The HDFC Group has an asset base of over Rs.3,50,000 crores and a customer base of over 3.5 crores. Besides HDFC, Mr. Parekh is on the Board of several Corporations across diverse sectors. He is the Non-Executive Chairman of Infrastructure Development Finance Company Limited, GlaxoSmithkline Pharmaceuticals Limited, Siemens Limited and Lafarge India Private Limited. He is also the Chairman of HDFC Asset Management Company Limited, HDFC Ergo General Insurance Company Limited & HDFC Standard Life Insurance Company Limited and Director of Hindustan Unilever Limited, Hindustan Oil Exploration Company Limited, Castrol India Limited, The Indian Hotels Company Limited, WNS Global Services Private Limited and Singapore Telecommunications Limited, along with being the Alternate Director of Borax Morarji Limited, Zodiac Clothing Company Limited, Bharat Bijlee Limited and Exide Industries Limited. In addition, he is also nominated by the Ministry of Corporate Affairs to the Board of Satyam Computer Services Limited as a Special Director and nominated by the Ministry of Civil Aviation to the Board of Airports Authority of India.
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