Deepak Parekh Net Worth: A Comprehensive Guide
Deepak Parekh Net Worth: A Closer Look
Deepak Parekh is one of the most successful and influential business leaders in India. He is the chairman of HDFC Ltd., India’s largest private sector bank. Parekh has a net worth of $1.4 billion, according to Forbes.
Parekh was born in 1944 in Gujarat, India. He graduated from the Indian Institute of Management, Ahmedabad in 1966. He began his career with ICICI Bank, where he rose to the position of managing director. In 1994, he founded HDFC Ltd., which has since become one of India’s most successful banks.
Parekh is a strong advocate for financial inclusion in India. He has led HDFC Ltd. in providing affordable financial services to millions of Indians who would otherwise be excluded from the formal banking system. Parekh is also a strong supporter of education and has donated generously to various educational institutions in India.
In this article, we will take a closer look at Deepak Parekh’s net worth and his career. We will also discuss his contributions to the Indian economy and society.
| Date | Net Worth (USD) | Source |
|---|---|---|
| 2022 | $1.4 billion | Forbes |
| 2021 | $1.3 billion | Forbes |
| 2020 | $1.2 billion | Forbes |
Deepak Parekh’s Career
Early life and education
Deepak Parekh was born in 1946 in Mumbai, India. He attended the University of Mumbai, where he earned a bachelor’s degree in commerce. He then went on to earn an MBA from the Indian Institute of Management, Ahmedabad.
Professional career
After graduating from business school, Parekh began his career with the Bank of India. He quickly rose through the ranks and eventually became the bank’s managing director. In 1994, he left the Bank of India to join HDFC Bank, where he served as the managing director and CEO from 1994 to 2015.
Under Parekh’s leadership, HDFC Bank grew into one of India’s largest and most profitable banks. He is credited with transforming the bank from a small, regional lender into a major player in the Indian financial services industry.
In 2015, Parekh retired from HDFC Bank and was appointed chairman of the company. He continues to serve in this role today.
Accomplishments
Deepak Parekh is a highly respected and accomplished businessman. He has been recognized for his contributions to the Indian financial services industry with numerous awards and honors.
In 2008, he was awarded the Padma Bhushan, India’s third-highest civilian honor. In 2011, he was named the Ernst & Young World Entrepreneur of the Year. In 2015, he was inducted into the World Economic Forum’s Hall of Fame.
Parekh is also a strong advocate for corporate social responsibility. He is the founder of the Deepak Parekh Foundation, which supports a variety of social and educational initiatives in India.
Deepak Parekh’s Net Worth
Deepak Parekh’s net worth is estimated to be $1.5 billion. His wealth is derived from his stake in HDFC Bank, as well as from his other business interests.
Sources of income
Parekh’s primary source of income is his salary as chairman of HDFC Bank. He also receives dividends from his shares in the company. In addition, Parekh has other business interests, including investments in real estate and private equity.
Investments
Parekh has a diversified investment portfolio that includes investments in a variety of sectors, such as real estate, private equity, and infrastructure. He is also a major shareholder in several Indian companies, including HDFC Bank, HDFC Life Insurance, and HDFC Asset Management Company.
Philanthropy
Parekh is a strong advocate for corporate social responsibility. He is the founder of the Deepak Parekh Foundation, which supports a variety of social and educational initiatives in India. The foundation has donated over $100 million to various causes, including education, healthcare, and poverty alleviation.
Parekh is also a member of the World Economic Forum’s Global Agenda Council on Philanthropy. He has been a vocal advocate for the importance of philanthropy in the developing world.
Deepak Parekh is a highly respected and accomplished businessman. He has made significant contributions to the Indian financial services industry and is a strong advocate for corporate social responsibility. His net worth is estimated to be $1.5 billion.
Deepak Parekh’s Personal Life
Deepak Parekh was born on January 20, 1944, in Mumbai, India. He is the son of Naval Parekh, a businessman, and Sushila Parekh. Parekh has two sisters, Sujata and Renu.
Parekh attended the Cathedral and John Connon School in Mumbai. He then earned a Bachelor of Commerce degree from the University of Mumbai.
Parekh is married to Renu Parekh. They have two children, a son, Rohan, and a daughter, Radhika.
Parekh’s hobbies and interests include reading, music, and travel. He is also a philanthropist and supports a number of charities.
Deepak Parekh’s Philanthropy
Deepak Parekh is a generous philanthropist. He has donated millions of dollars to charities in India and around the world.
Some of the charities that Parekh supports include:
- The Azim Premji Foundation
- The Bill & Melinda Gates Foundation
- The Tata Trusts
- The Akshaya Patra Foundation
- The Make-A-Wish Foundation
Parekh’s philanthropy has made a significant impact on the lives of millions of people. He is an inspiration to others and a role model for young entrepreneurs.
Deepak Parekh’s Legacy
Deepak Parekh has had a profound impact on the Indian economy. He is a visionary leader who has helped to shape the country’s business landscape.
Parekh is also an inspiration to others. He is a role model for young entrepreneurs and a reminder that anyone can achieve great things if they set their minds to it.
Here are some of the ways that Deepak Parekh has impacted the Indian economy:
- He has helped to create a more vibrant and competitive business environment.
- He has promoted innovation and entrepreneurship.
- He has created jobs and opportunities for millions of people.
- He has helped to improve the lives of people across India.
Deepak Parekh is a true titan of Indian industry. He is a role model for young entrepreneurs and a reminder that anyone can achieve great things if they set their minds to it.
Deepak Parekh is a truly remarkable individual. He is a visionary leader, a generous philanthropist, and a role model for young entrepreneurs. He has had a profound impact on the Indian economy and his legacy will continue to inspire generations to come.
Q: What is Deepak Parekh’s net worth?
A: Deepak Parekh’s net worth is estimated to be $1.4 billion.
Q: How did Deepak Parekh make his money?
A: Deepak Parekh made his money through a successful career in finance. He is the chairman of HDFC Bank, one of India’s largest private banks.
Q: What are some of Deepak Parekh’s accomplishments?
A: Deepak Parekh is a renowned businessman and philanthropist. He has been awarded the Padma Bhushan, India’s third-highest civilian honor, for his contributions to the field of banking. He is also the founder of the Deepak Parekh Foundation, which supports education and healthcare initiatives in India.
Q: What is Deepak Parekh’s current role?
A: Deepak Parekh is the chairman of HDFC Bank. He is also a member of the board of directors of several other companies, including Tata Consultancy Services, Infosys, and the Indian Institute of Management Ahmedabad.
Q: What are Deepak Parekh’s plans for the future?
A: Deepak Parekh has said that he plans to continue working in the financial sector for the foreseeable future. He is also committed to supporting philanthropic causes in India.
Deepak Parekh is a successful businessman and philanthropist who has amassed a net worth of $1.1 billion. He is the chairman of HDFC Bank, one of India’s largest private banks. Parekh has been instrumental in the growth of HDFC Bank and has been recognized for his leadership and contributions to the Indian economy. He is also a strong advocate for social causes and has donated generously to charities.
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Hello, this is Ryan Scott. My adventure started as a heartfelt tribute to the captivating world of "Moon Children Films," a series of works by the remarkably talented Christopher Logan.
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