 "Deepak Parekh")
Deepak Parekh, who joined Housing Development Finance Corporation (HDFC) as deputy general manager in 1978, and went on to build one of India’s biggest financial services conglomerates in the last 46 years, retired as chairman on Friday.
Parekh’s retirement is a day before the mega merger between HDFC and HDFC Bank.
He had joined HDFC a year after it was founded by his uncle Hasmukhbhai Parekh. Parekh left a plush job at Chase Manhattan Bank and took a massive pay cut at HDFC.
Parekh, who was the go-to man for the government to handle the Satyam crisis and financial sector reforms, built HDFC
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