Founder Profile
Deepak Parekh
Last reviewed: October 2026 · By Swet Parvadiya
Who is Deepak Parekh?
Deepak Parekh is a founder of HDFC Life Insurance Company Limited, which was founded in 2000 with Standard Life Aberdeen plc.
- Company founded
- HDFC Life Insurance Company Limited
- Founded
- 2000
- Co-founders
- Standard Life Aberdeen plc
Background
Legendary Indian banker and former Chairman of HDFC.
Founding Story
Deepak Parekh is widely considered one of the most powerful architects of the modern Indian financial system. As Chairman of HDFC (India's premier housing finance company), he spearheaded the massive joint venture with Standard Life in 2000 to enter the newly privatized Indian life insurance market, heavily leveraging HDFC's massive, deeply trusted brand name.
Deepak Parekh was born in 1944. Education: Sydenham College.
Parekh was born on October 18, 1944. He is the former chairman of Housing Development Finance Corporation, based in Mumbai.