IPL 2014 April 11, 2014

HDFC chairman named special advisor to IPL

ESPNcricinfo staff

Deepak Parekh, the chairman of Housing Development Finance Corporation (HDFC), India's leading housing finance company, has been named special advisor to Sunil Gavaskar, the interim BCCI president for IPL affairs. Gavaskar and Parekh went to the same school, St Xavier's, in Mumbai.

This is Gavaskar's first major appointment since the Supreme Court put him at the helm of the BCCI last month. Parekh, widely respected in business circles, is an independent figure involved in the IPL's functioning and enters its administration structure without any stake in Indian cricket. While the BCCI media release makes no reference to the IPL's ongoing corruption scandal, Parekh's presence in its Governing Council marks an acceptance of the fact that the IPL, in its current state, requires professional crisis-management skills.

Parekh, 69, has been involved in several high-profile crisis resolution groups, including the revival of software major Satyam after a financial scandal in 2009 and the crisis involving India's largest mutual fund, Unit Trust of India, in the late 1990s. Besides HDFC, Parekh is on the board of several companies including Glaxo Smithkline, Siemens India, Exide and Mahindra & Mahindra.

"I am 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," Gavasakar said. "With a diverse combination of skills and experience, this appointment 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, who has served on several government-appointed advisory committees, looked forward to his new role. "I am 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 Indian Premier League."

Comments have now been closed for this article

  • raj on April 13, 2014, 2:35 GMT

    Sunil Gavaskar should be made the head of ALL BCCI functions, not just the IPL! Gavaskar understands better than other administrators as to what is required to make India consistently the best team - Gavaskar will develop pitches to aid quick bowlers if given complete control of BCCI affairs.

  • Yogesh on April 13, 2014, 2:30 GMT

    Good move, Mr Gavaskar. Deepak Parekh is a very respected and capable individual. I echo what others here have said, esp @Rajuramki - pls bring on some other well-respected names known for their integrity and forthrightness - Mohinder Amarnath, Dravid and Kumble would be excellent choices to form a leadership council that is tasked with cleaning up the IPL from within, not just refurbishing its image! All the best.

  • Dummy4 on April 12, 2014, 5:36 GMT

    Deepak parekh is an excellent choice. This choice from gavaskar shows he is really serious about removing corruption from IPL

  • Venkat on April 12, 2014, 3:30 GMT

    The Supreme court has done the best thing possible by appointing Gavaskar to handle the IPL affairs . Again Gavaskar is doing the right thing by inducting capable administrators to help him out in making IPL not only financially successful but also to give it a clean image . Some more people like Mohonder Amarnath . Dravid, Kumble , Bedi to name a few will make IPL the best tournament in world cricket . Best wishes to Gavaskar and his team members.

  • Dummy4 on April 11, 2014, 18:52 GMT

    One more man to consider is mohinder amaranth. Bishen bedi? Also Rahul Dravid. Whatever don't ever let fans be cheated again.

  • Jay on April 11, 2014, 15:32 GMT

    The IPL will soon become the most credible and efficient cricket league in the world. It's already the BEST because of the quality of players, fans and the cricket out in the middle. This is a very wise move by Sunny to bring back the pride where it belongs - the Indian Premier League, mother of all T20 leagues.

  • Poojan on April 11, 2014, 15:13 GMT

    This is interesting and hoping it eventually turns out to be a positive move.

  • Dummy4 on April 11, 2014, 14:38 GMT

    Sunny was a great and non-corrupt choice by the court. Stay strong Mr Gavaskar and keep temptations away. You will take this to new heights like you did your cricket term.

  • Siva on April 11, 2014, 13:27 GMT

    Good move. Let IPL be a huge success.

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