Shunning the spotlight: Aditya Parekh
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An MBA from Wharton, Aditya Parekh started his career at DSP Merrill Lynch before starting his own firm
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H.T. Parekh and his son Deepak Parekh built and nurtured an institution that has been an integral part of India’s financial industry besides being a cornerstone of the real estate sector. Deepak Parekh still enjoys a high profile as one of the India’s corporate world’s elder statesmen as chairman of Housing Development and Finance Corp. Ltd (HDFC). But his son Aditya Parekh, 35, guards his privacy.
The website of Faering Capital, the ₹ 830 crore private equity fund promoted by Aditya Parekh, only offers a company email ID.
Very little is known about him—he declined to be interviewed—except that he started the fund with friend Sameer Shroff. A person who has observed him closely says Parekh junior shuns interviews and the spotlight and he “is always in his own world". “It’s very difficult to get in touch with him because that’s his nature. He is very different from his father. Deepak bhai is much more accessible," the person said on condition of anonymity.
There is no information on whether Faering has deployed any of the ₹ 830 crore raised in February 2011. News reports said fund-raising had been closed and that Faering would invest in mid-cap financial services, media, technology, education and healthcare companies. An MBA from Wharton in the US, Aditya Parekh started his career at DSP Merrill Lynch in Mumbai before starting his own firm in 2010.
