Shapers of Business Institutions: How Deepak Parekh Grew HDFC Group Exponentiall...

R. Gopalakrishnan Rupa Publications India Biographies English Hardcover 9789390547104

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9789390547104
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Pages	:	160
Release Date	:	10 February 2021
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Weight	:	‎ 499 g
Dimension	:	13.97 x 1.27 x 21.59 cm
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ISBN-10/SKU/ASIN	:	9390547105
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A must read for its rare, yet untold insights, into the story of a shaper who breathed his own values of integrity and accountability into the DNA of an institution, that still remains true to its middle-class values. The 1970s in India were dark times of high tax slabs, land sharks and black money. When loans were a last resort meant for emergencies and buying a house was beyond aspiration, possible only at retirement, nobody was willing to bet on the repayment capacity of the ignored middle class, except one man. This invisible Class went on to become the primary potential customer base for housing development finance Corporation (HDFC). the rest as they say is history. While HDFC was Hasmukh thakordas Parekh’s brainchild, it was his nephew Deepak parents who shaped it. Parekh left a comfortable overseas job with a plum salary and exclusive perks to join his uncles mortgage company at a 50 per cent pay cut. He nurtured HDFC to become India’s largest and cleanest financial conglomerate—not just in housing finance, but later in Banking, asset management and Insurance too.

R. GOPALAKRISHNAN is an author, speaker and a corporate advisor. His career spans over 50 years: 31 in Unilever where he rose to be vice chairman, HUL, and later 19 years in Tata Sons as a director. He now serves as non-executive chairman of Castrol India, an independent director of Hemas plc, Sri Lanka, Executive-in-Residence at S.P. Jain Institute of Management and Research, Mumbai and Distinguished Professor of IIT, Kharagpur. He has authored nine books so far, notably A Comma in a Sentence, Six Lenses and Doodles on Leadership. He welcomes feedback at rgopal@themindworks.me. "Vidyut Lata Dhir is Professor of Leadership & Organizational Behavior and Group Head - Design Thinking at SPJIMR. She is a recipient of the Erasmus Mundus Scholarship (2014) by the European Union for Interdisciplinary Bridges for Indo-European Studies. A licensed psychologist, she pioneered 'Vishwas', an initiative to promote mental well-being in organisations. As a behavioral scientist, she designs and deliv