Hasmukhbhai Parekh

Hasmukh Thakordas Parekh (10 March 1911 – 18 November 1994) was an Indian financial entrepreneur, writer and philanthropist.

He played a role in the development of 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.

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, for three years, and later began his financial career with the stock broking firm Harkisandass Lukhmidass.

On meeting the then Secretary of Finance, Dr Manmohan Singh, the latter told him that 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.