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HDFC gets new Chief

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Deepak Parekh, who was associated with HDFC as CEO for more than 16 years is resigning on 31st December. Mr. Keki Mistry, will take over the charge from Deepak and meantime, Mistry served as the Managing Director and presently he is the Vice Chairman of the company, the company sources also added at the www.propertykhazana.com that Mr. Deepak Parekh who served HDFC for more than three decades will be the non-executive chairman. Even today HDFC has a wide customer base for its oriented approach, even during the global financial crisis, HDFC remained stable. It is to be recalled here that it was only under the leadership of Deepak Parekh, HDFC overcame many hurdles. HDFC has its existence since 1977 and was initiated by Hasmukh Bhai Parekh. In fact, the housing concept was totally new and non existent in India when HDFC began its operations and contemporarily the company is self tuned to cater the housing and financial needs.
It is also reported at the www.propertykhazana.com that Renu Sud Karnad, the JMD, will be promoted as MD, while Mr. V Srinivasa Rangan, the SGM and Treasury Chief will take charge as the ED. Mr. Mistry, Mr. Karnad and Mr. Rangan are associated with HDFC for more than 30 years and adorned and served many posts in the board. For more and latest realty and financial updates follow us at www.propertykhazana.com .
Source: NBTVLIVE

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