https://indianpedia.org/index.php?action=history&feed=atom&title=Hasmukhbhai_ParekhHasmukhbhai Parekh - Revision history2026-07-31T16:14:37ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Hasmukhbhai_Parekh&diff=459483&oldid=prevWillyFdt599330 at 22:48, 7 February 20262026-02-07T22:48:51Z<p></p>
<p><b>New page</b></p><div>{{short description|Indian financial entrepreneur}}<br />
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{{Infobox person<br />
| name = Hasmukh Thakordas Parekh<br />
| image = <br />
| alt = <br />
| caption = <br />
| birth_name =<br />
| birth_date = {{Birth date|df=yes|1911|03|10}}<br />
| birth_place = [[Surat]], [[British India]]<br />
| death_date = {{Death date and age|1994|11|18|1911|03|10|df=yes}}<ref>{{cite book | url=https://books.google.com/books?id=wULAAAAAQBAJkbkjbkjbjk | title=Barons of Banking | publisher=Bakhtiar Dadabhoy | date=2016 | isbn=9788184004762 | access-date=9 June 2016}}</ref><br />
| death_place = India<br />
| other_names = <br />
| known_for = Founding [[Housing Development Finance Corporation|HDFC]] and GRUH Finance Ltd.<br />
| occupation = <br />
|footnotes = <br />
}}<br />
'''Hasmukh Thakordas Parekh''' (10 March 1911&nbsp;– 18 November 1994) was an Indian financial entrepreneur, writer and philanthropist. He played a role in the development of [[ICICI|Industrial Credit & Investment Corporation of India, now ICICI Bank]], founded the [[Housing Development Finance Corporation]], and in 1992 was awarded the [[Padma Bhushan]] for his contribution to the finance industry in India.<ref name="Padma Awards">{{cite web | url=http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf | title=Padma Awards | publisher=Ministry of Home Affairs, Government of India | date=2015 | access-date=21 July 2015 | archive-date=15 October 2015 | archive-url=https://web.archive.org/web/20151015193758/http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf | url-status=dead }}</ref> The [[London School of Economics]] also conferred on him an honorary fellowship.<br />
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==Biography==<br />
Hasmukh Thakordas Parekh was born to a [[Jain]] family in [[Surat]], Gujarat.<ref>{{Cite web |date=2023-07-14 |title=Meet Hasmukhbhai Parekh, the man who once lived in a Mumbai chawl & then worked hard to create a Rs 4,14,000 crore empire; know about his journey & lifestyle |url=https://www.financialexpress.com/life/lifestyle-meet-hasmukhbhai-parekh-the-man-who-once-lived-in-a-mumbai-chawl-then-worked-hard-to-create-a-rs-414000-crore-empire-know-about-his-journey-lifestyle-3168571/ |access-date=2025-04-10 |website=Financialexpress |language=en}}</ref> During his early life he lived in a chawl with his father, Thakurdas, and had to juggle a part-time job and studies with the [[London School of Economics]]. He subsequently worked as a lecturer at [[St. Xavier's College, Mumbai|St. Xavier's College]], Mumbai, for three years, and later began his financial career with the stock broking firm Harkisandass Lukhmidass. He joined [[ICICI]] as Deputy general manager in 1956, became chairman and managing director in 1972. He retired in 1976 and was Chairman of ICICI's Board until 1978.<br />
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At 66, when he had already received many honours and was stepping down from [[ICICI]], he started a new institution, the Housing Development Finance Corporation ([[Housing Development Finance Corporation|HDFC]]), the first of its kind for housing finance in India. On meeting the then Secretary of Finance, Dr Manmohan Singh, the latter told him that [[Housing Development Finance Corporation|HDFC]] was an unknown venture and that no one knew if it would "click" with the Indian people, but Hasmukh Thakordas Parekh had by then already obtained promises of funding from overseas investors, and he was enthusiastic about the project. H.T. Parekh Library (IFMR) is an archive and reference library. It is used by Institute's faculty members, researchers, staff, students as well as outsiders for their academic and research requirements.<br />
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==References==<br />
{{Reflist}}<br />
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{{HDFC Group}}<br />
{{PadmaBhushanAwardRecipients 1990–99}}<br />
{{Authority control}}<br />
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{{DEFAULTSORT:Parekh, Hasmukhbhai}}<br />
[[Category:1994 deaths]]<br />
[[Category:Recipients of the Padma Bhushan in trade and industry]]<br />
[[Category:Businesspeople from Gujarat]]<br />
[[Category:People from Surat]]<br />
[[Category:1911 births]]<br />
[[Category:HDFC Group]]<br />
[[Category:Indian Jains]]<br />
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