BAE Systems Deepak Parekh as Chairman, HDFC

BAE Systems has appointed Deepak Parekh, Chairman of the Housing Development Finance Corporation, to its India Advisory Board.

Parekh joins two other highly accomplished leaders from the worlds of business and diplomacy, Ravi Bhargava and Naresh Chandra, who were appointed to the India Advisory Board in September last year.

These appointments further reflect the increasing strategic importance of India to BAE Systems as one of the company's seven home markets.

Andrew Gallagher, Chief Executive and Managing Director BAE Systems India, said, "Deepak is one of the foremost business leaders of his generation and his energy and enthusiasm are boundless. As BAE Systems strives to develop a long term domestic Indian business, strategic advice of the quality we get from Messrs Chandra, Bhargava, and now Parekh, is invaluable. It's a very strong team, and we are rightly proud to have attracted people of such calibre."

Parekh has a number of roles in different organisations. He is on the board of Mahindra and Mahindra and at Hindustan Unilever, as well as being non-executive Chairman of the Indian operations of both GSK and Siemens.

In Parekh's 30 years at HDFC it has become one of India's premier financial institutions with 30 million customers. A renowned Indian business personality and a specialist in the world of finance, Parekh has also been a member of various committees of the Government of India, including the Investment Commission set up to analyse FDI policies. Mr. Parekh has also won several awards including Businessman of the Year and he was dubbed a 'Star of Asia' by Business Week.