Mortgage financier HDFC Ltd’s long-standing Chairman Deepak Parekh, 77, Friday announced his retirement after spending nearly 45 years at the corporation.
“It is my time to hang my boots with both anticipation and hope for the future. While this will be my last communication to shareholders of HDFC, rest assured we now stride tall into a very exciting future of growth and prosperity,” said Parekh, the major force behind making the HDFC group India’s leading financial services group.
“The HDFC experience is invaluable. Our history cannot be erased and our legacy will be taken forward,” Parekh wrote in his last letter addressed to the corporation’s shareholders.