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IPL 2014: BCCI appoints HDFC chairman Deepak Parekh as special advisor

Sunil Gavaskar (2)
Sunil Gavaskar (above) was impressed with Deepak Parekh’s credentials in the financial sector © AFP

Apr 11, 2014

 

The interim Board of Control for Cricket in India (BCCI) president Sunil Gavaskar has handpicked Housing Development Finance Corporation (HFDC) chairman Deepak Parekh as special advisor for Indian Premier League (IPL) 7.

Parekh’s vast experience in finance is said to have caught the eye of Gavaskar and has asked for his services in the cricketing extravaganza, which will span over the next two months, read an IBN live report.

In a BCCI media release, Parekh has been dubbed as “unofficial crisis consultant of the Government. His role as Special Director on the Satyam Board in 2009, to revive the company and restore the confidence in the Indian IT industry, was greatly acknowledged.”

“Mr Parekh has always been willing to share his ideas and experience to formulate reform policies across sectors. This, at times, has also meant advising the Government to take hard decisions,” the BCCI press release said.

“It is this quality of being a trouble-shooter that has made him a guiding force and an active member of various high-powered Economic Groups, Government-appointed Advisory Committees and Task Forces,” the release further stated.

Gavaskar was delighted over the latest developments in the board, which has seen a plethora of changes unfold at a breakneck speed over the last two months,”I’m delighted that Deepak has accepted my invitation to come on board as a special advisor and special invitee to the Indian Premier League Governing Council. It is apt that an individual of the calibre of Mr Parekh will be joining the BCCI-IPL’s leadership group.”, the batting legend said.

Gavaskar elaborated that, Parekh’s “diverse combination of skills and experience will result in a well-rounded senior management team at the IPL one that will set the direction for a better and bigger league.”

Parekh, on his appointment said he was happy to involved with the IPL and further enhance his reputation,”I’m excited to be invited to be a part of the IPL. I look forward to fulfilling this challenging new role on the IPL’s senior leadership team as an advisor to Mr Gavaskar, as we look to strengthen the tournament.”

Parekh has been honoured with several awards including the prestigious Padma Bhushan in 2006 and ‘Knight in the Order of the Legion of Honour’ — one of the highest distinctions conferred by the French Republic, in 2010.

He was also the first international recipient of the Institute of Chartered Accountants in England and Wales’ Outstanding Achievement Award, in 2010.

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