63-year-old Deepak S. Parekh is currently the Executive Chairman Housing Development Finance Company (HDFC), the country’s largest housing finance. Mr. Parekh joined the corporation in a senior management position in 1978. Mr. Parekh is the non-executive Chairman (since 1994) of GlaxoSmithKline Pharmaceuticals Ltd. Mr. Parekh is also a director on the board of several Indian public companies such as Siemens Ltd. (since 2003), HDFC Chubb General Insurance Co. Ltd. (since 2002), HDFC Standard Life Insurance Co. Ltd. (since 2000), HDFC Asset Management Co. Ltd (since 2000), Housing Development Finance Corporation Ltd (since 1985), Castrol India Ltd. (since 1997), GlaxoSmithKline Pharmaceuticals Ltd. (since 1994), Infrastructure Development Finance Co. Ltd (since 1997), Hindustan Lever Ltd. (since 1997), Hindustan Oil Exploration Corporation Ltd. (since 1994), Mahindra & Mahinda Ltd. (since 1990) and The Indian Hotels Co. Ltd. (since 2000). Mr. Parekh received a Bachelor of Commerce degree from the Bombay University and holds a Financial Chartered Accountant degree from England and Wales.
A post-graduate from Indian Institute of Management, Kiran Karnik was the president of Nasscom, the premier trade body and the “chamber of commerce” for the IT software and services industry in India, till 2008. In this role, Karnik worked closely with the industry, and the Indian central and state governments to formulate policies and strategies for the advancement of this sector locally as well as internationally. His key function is to build global brand equity for the Indian software and service industry.
Mr. Karnik has been the guiding force for the Indian IT industry during the outsourcing backlash. By providing perspective and background information, Mr. Karnik has been instrumental in promoting India's technology strength to the world. To fuel growth in the domestic market, Mr. Karnik has lobbied with the government to...