Mortgage-lending pioneer, Deepak Parekh, is retiring from his role as Chairman of Housing Development Finance Corp (HDFC) after is instrumental role in building one of the largest banks in the world. Parekh has made significant contributions to the Indian financial sector throughout his career, expanding HDFC’s operations and influence. Under his leadership, HDFC has grown from a modest mortgage firm to a powerhouse with a market capitalization of about $200 billion. The upcoming merger with HDFC Bank will solidify HDFC’s position as the fourth largest bank globally. Parekh’s legacy includes nurturing and mentoring leading companies such as HDFC Mutual Fund, HDFC Life Insurance, and HDFC Ergo. His governance standards and commitment to core values have been central to the success of HDFC. Through his leadership, Parekh has transformed HDFC and left an indelible mark on the Indian finance industry.