Ex-HDFC Chairman Deepak Parekh: It failed miserably. And we lost money. We didn't pay dividends for two years. | Mr. Deepak Parekh | Mukul Deora | E11

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The Secret Sauce

Health & Fitness


How do you actually build India’s biggest financial institution from scratch? In this episode of The Secret Sauce Podcast, legendary business leader DEEPAK PAREKH reveals how patience, integrity, employee ownership, and long-term thinking created one of India’s most trusted organisations.


Mr. Parekh is the former Chairman of HDFC and a pioneer of India’s housing finance industry. Over four decades, he helped transform a small five-person setup into a financial institution that shaped India’s middle class, redefined housing finance, and set new standards for corporate governance.


He explains:


• Why integrity matters more than aggressive growth

• How empowering employees creates lasting institutions

• The leadership habits that build trust over decades

• Why IPOs are milestones, not real measures of success

• The right way to think about real estate and home ownership

• How housing finance changed India’s middle-class future

• What separates companies from true institutions

• Why patience beats shortcuts in business


This conversation is a masterclass on institution building, leadership, and long-term decision-making. If you want to understand what it really takes to create businesses that last generations, this episode is essential viewing.