INDIAN STYLE OF LEADERSHIPA Case Study on Deepak Shantilal Parekh

Vikrant MiltonM.B.A.(P.T.) 1st Semester

I am more afraid of an army of100 sheep led by a lion thanan army of 100 lions led by a sheep.

- Talleyrand

…something’s not right here

Indian Prespective• Culture & Values of nation drive

Leadership Style.

• Indian society- collectivist & conservative.

• Leadership- based on Paternalism.

Indian Prespective• Indian companies- once unknown but

now world class competitors.

• Focus on Indian business leaders & CEOs.

• Source of competetive advantage?

Indian Prespective• Numerous studies.

• ‘The DNA of Indian Leadership’- Wharton Business School- Indian CEOs stress on strategic vision, organizational culture, motivating employees, setting an example.

Deepak Shantilal Parekh• Born- 18 October 1944.

• Childhood in Burma.

• CA from England.

• Began career with Ernst & Ernst Consultancy in New York.

Deepak Shantilal Parekh• Joined HDFC in 1978. (Nationalistic)

• Transformed HDFC. (Vision & Entrepreneurial acumen)

Deepak Shantilal Parekh• As per HDFC employees- hard taskmaster, yet

always accessible & helpful.

• He can cram 48 hour schedule into 24 hours. (Time Management)

• No HDFC senior employees (Directors, GMs) have left over past decade. (People Retaining Skills)

Deepak Shantilal Parekh• Unofficial Crisis Manager- Mr. Solution-

(Analytical & Troubleshooting Skills)

UTI. RBI advisory group- Securities Market Regulation.TRAI.Investment Commission for FDI inflows.Satyam

Deepak Shantilal Parekh• Does not use a computer.

•Interests- Hindi music, Bridge.

• Supports 25 NGOs.

Deepak Shantilal Parekh• Awards- (Credibility & Recognition)

Businessman of the Year 1996 by Business India.JRD Tata Corporate Leadership Award by AIMA.Corporate Award for Lifetime Achievement by Economic Times.Padma Bhushan.

Deepak Shantilal Parekh• Deepak Parekh’s greatest gifts is his ability to

reach out to people and make them feel special.

- The Hindu Business Line

Questions