Deepak Satwalekar - Revision history

BharatwikiArchiveBot: Bot: Adding Archive.org links to references

2026-10-09T03:50:24Z

Bot: Adding Archive.org links to references

← Older revision		Revision as of 09:20, 9 October 2026
Line 10:		Line 10:
	}}		}}

	'''Deepak Madhav Satwalekar''' is an Indian business executive. He served as the Managing Director of [[Housing Development Finance Corporation]] (HDFC)<ref name=":0">{{Cite web \|last=Abreu \|first=Robin \|date=2012-07-25 \|title=The details man \|url=https://www.indiatoday.in/magazine/economy/story/19991108-xyz-762469-2012-07-25 \|access-date=2026-09-08 \|website=India Today \|language=en\|archive-url=https://web.archive.org/web/20191211110742/https://www.indiatoday.in/magazine/economy/story/19991108-xyz-762469-2012-07-25 \|archive-date=2019-12-11 \|url-status=live }}</ref> and as the founding Managing Director and CEO of [[HDFC Life\|HDFC Standard Life Insurance]].<ref>{{Cite web \|title=rediff.com Money: The Rediff Money Interview / Deepak Satwalekar \|url=https://m.rediff.com/money/2000/nov/04inter.htm \|access-date=2026-09-08 \|website=m.rediff.com}}</ref> He has also served on the boards of Indian companies including [[Infosys]], [[Wipro]], and [[Asian Paints]].<ref>{{cite web \|title=Deepak M. Satwalekar leadership profile \|url=https://www.wipro.com/leadership/deepak-m-satwalekar/ \|access-date=27 August 2026 \|website=Wipro}}</ref><ref name="IIHSBio">{{cite web \|title=Deepak Satwalekar - Board & Founding Members \|url=https://iihs.co.in/about/people/deepak-satwalekar/ \|publisher=Indian Institute for Human Settlements \|access-date=27 August 2026}}</ref><ref>{{Cite web \|date=2023-07-28 \|title=Asian Paints Appoints R. Seshasayee as Chairman \|url=https://www.coatingsworld.com/breaking-news/asian-paints-appoints-r-seshasayee-as-chairman/ \|access-date=2026-09-08 \|website=Coatings World \|language=en-US\|archive-url=https://web.archive.org/web/20250723230143/https://www.coatingsworld.com/breaking-news/asian-paints-appoints-r-seshasayee-as-chairman/ \|archive-date=2025-07-23 \|url-status=live }}</ref> He was reported to be "''the No.2 man in HDFC''."<ref name=":0" /> He's mentioned extensively in the book, [[A Bank for the Buck]] where he suggests the name Bombay International Bank for the proposed [[HDFC Bank]], which gets rejected.<ref>{{Cite book \|last=Bandopadhyaya \|first=Tamal \|url=https://archive.org/details/bankforbucknewba0000band/page/n17/mode/1up?q=Satwalekar \|title=A Bank For The Buck : The Story Of HDFC Bank \|date=2012-11-24 \|publisher=Jaico Publishing House/Mumbai/India \|isbn=978-81-8495-396-1 \|page=16}}</ref>		'''Deepak Madhav Satwalekar''' is an Indian business executive. He served as the Managing Director of [[Housing Development Finance Corporation]] (HDFC)<ref name=":0">{{Cite web \|last=Abreu \|first=Robin \|date=2012-07-25 \|title=The details man \|url=https://www.indiatoday.in/magazine/economy/story/19991108-xyz-762469-2012-07-25 \|access-date=2026-09-08 \|website=India Today \|language=en\|archive-url=https://web.archive.org/web/20191211110742/https://www.indiatoday.in/magazine/economy/story/19991108-xyz-762469-2012-07-25 \|archive-date=2019-12-11 \|url-status=live }}</ref> and as the founding Managing Director and CEO of [[HDFC Life\|HDFC Standard Life Insurance]].<ref>{{Cite web \|title=rediff.com Money: The Rediff Money Interview / Deepak Satwalekar \|url=https://m.rediff.com/money/2000/nov/04inter.htm \|access-date=2026-09-08 \|website=m.rediff.com\|archive-url=https://web.archive.org/web/20261009034605/https://m.rediff.com/money/2000/nov/04inter.htm \|archive-date=2026-10-09 \|url-status=live }}</ref> He has also served on the boards of Indian companies including [[Infosys]], [[Wipro]], and [[Asian Paints]].<ref>{{cite web \|title=Deepak M. Satwalekar leadership profile \|url=https://www.wipro.com/leadership/deepak-m-satwalekar/ \|access-date=27 August 2026 \|website=Wipro\|archive-url=https://web.archive.org/web/20261009034700/https://www.wipro.com/leadership/deepak-m-satwalekar/ \|archive-date=2026-10-09 \|url-status=live }}</ref><ref name="IIHSBio">{{cite web \|title=Deepak Satwalekar - Board & Founding Members \|url=https://iihs.co.in/about/people/deepak-satwalekar/ \|publisher=Indian Institute for Human Settlements \|access-date=27 August 2026\|archive-url=https://web.archive.org/web/20261009034740/https://iihs.co.in/about/people/deepak-satwalekar/ \|archive-date=2026-10-09 \|url-status=live }}</ref><ref>{{Cite web \|date=2023-07-28 \|title=Asian Paints Appoints R. Seshasayee as Chairman \|url=https://www.coatingsworld.com/breaking-news/asian-paints-appoints-r-seshasayee-as-chairman/ \|access-date=2026-09-08 \|website=Coatings World \|language=en-US\|archive-url=https://web.archive.org/web/20250723230143/https://www.coatingsworld.com/breaking-news/asian-paints-appoints-r-seshasayee-as-chairman/ \|archive-date=2025-07-23 \|url-status=live }}</ref> He was reported to be "''the No.2 man in HDFC''."<ref name=":0" /> He's mentioned extensively in the book, [[A Bank for the Buck]] where he suggests the name Bombay International Bank for the proposed [[HDFC Bank]], which gets rejected.<ref>{{Cite book \|last=Bandopadhyaya \|first=Tamal \|url=https://archive.org/details/bankforbucknewba0000band/page/n17/mode/1up?q=Satwalekar \|title=A Bank For The Buck : The Story Of HDFC Bank \|date=2012-11-24 \|publisher=Jaico Publishing House/Mumbai/India \|isbn=978-81-8495-396-1 \|page=16}}</ref>

	== Early life and education ==		== Early life and education ==
	Satwalekar comes from a Maharashtrian family. His father was the painter [[Madhav Satwalekar]], and his grandfather was Sanskrit scholar [[Shripad Damodar Satwalekar]]. His brother, [[Vikas Satwalekar]], was the executive director of the [[National Institute of Design]] (NID).<ref name="ExpressObit">{{cite news \|title=Former executive director of NID passes away \|url=https://indianexpress.com/article/india/former-executive-director-of-nid-passes-away-6485841/ \|newspaper=[[The Indian Express]] \|date=2 July 2020 \|access-date=27 August 2026}}</ref>		Satwalekar comes from a Maharashtrian family. His father was the painter [[Madhav Satwalekar]], and his grandfather was Sanskrit scholar [[Shripad Damodar Satwalekar]]. His brother, [[Vikas Satwalekar]], was the executive director of the [[National Institute of Design]] (NID).<ref name="ExpressObit">{{cite news \|title=Former executive director of NID passes away \|url=https://indianexpress.com/article/india/former-executive-director-of-nid-passes-away-6485841/ \|newspaper=[[The Indian Express]] \|date=2 July 2020 \|access-date=27 August 2026\|archive-url=https://web.archive.org/web/20200701210733/https://indianexpress.com/article/india/former-executive-director-of-nid-passes-away-6485841/ \|archive-date=2020-07-01 \|url-status=live }}</ref>

	Satwalekar graduated with a Bachelor of Technology in mechanical engineering from the [[Indian Institute of Technology Bombay]] (IIT Bombay) in 1971. He received a Master of Business Administration from the Kogod School of Business at [[American University]] in 1977.<ref name="IIHSBio" /><ref>{{Cite web \|date=November 13, 2013 \|title=Deepak M Satwalekar to retire from the Infosys Board of Directors \|url=https://www.sec.gov/Archives/edgar/data/1067491/000106749113000063/exv99w01.htm \|access-date=2026-09-08 \|website=www.sec.gov}}</ref>		Satwalekar graduated with a Bachelor of Technology in mechanical engineering from the [[Indian Institute of Technology Bombay]] (IIT Bombay) in 1971. He received a Master of Business Administration from the Kogod School of Business at [[American University]] in 1977.<ref name="IIHSBio" /><ref>{{Cite web \|date=November 13, 2013 \|title=Deepak M Satwalekar to retire from the Infosys Board of Directors \|url=https://www.sec.gov/Archives/edgar/data/1067491/000106749113000063/exv99w01.htm \|access-date=2026-09-08 \|website=www.sec.gov\|archive-url=https://web.archive.org/web/20261009034820/https://www.sec.gov/Archives/edgar/data/1067491/000106749113000063/exv99w01.htm \|archive-date=2026-10-09 \|url-status=live }}</ref>

	== Career ==		== Career ==
	Satwalekar joined HDFC and became its managing director in 1993.<ref name="IIHSBio" /> In 2000, following the deregulation of the Indian insurance sector, he was appointed founding managing director and CEO of HDFC Standard Life Insurance (now [[HDFC Life]]). He served in this role until November 2008.<ref name="board">{{cite web \|title=Wipro Reappoints Deepak M. Satwalekar As Independent Director \|url=https://boardstewardship.com/wipro-reappoints-deepak-m-satwalekar-as-independent-director/ \|access-date=27 August 2026 \|website=Board Stewardship}}</ref> He suggested the name of proposed HDFC Bank to be Bombay International Bank		Satwalekar joined HDFC and became its managing director in 1993.<ref name="IIHSBio" /> In 2000, following the deregulation of the Indian insurance sector, he was appointed founding managing director and CEO of HDFC Standard Life Insurance (now [[HDFC Life]]). He served in this role until November 2008.<ref name="board">{{cite web \|title=Wipro Reappoints Deepak M. Satwalekar As Independent Director \|url=https://boardstewardship.com/wipro-reappoints-deepak-m-satwalekar-as-independent-director/ \|access-date=27 August 2026 \|website=Board Stewardship\|archive-url=https://web.archive.org/web/20261009034857/https://boardstewardship.com/wipro-reappoints-deepak-m-satwalekar-as-independent-director/ \|archive-date=2026-10-09 \|url-status=live }}</ref> He suggested the name of proposed HDFC Bank to be Bombay International Bank

	=== Board memberships ===		=== Board memberships ===
	Satwalekar was an independent director on the board of [[Infosys]] from 1997 to 2013. He has also served as non-executive chairman of [[Asian Paints]] and held directorships at [[Tata Power]], Piramal Enterprises, the [[National Stock Exchange of India]], and Home First Finance Company.<ref name="IIHSBio" /> In July 2020, he was named lead independent director of [[Wipro]].<ref name="board" />		Satwalekar was an independent director on the board of [[Infosys]] from 1997 to 2013. He has also served as non-executive chairman of [[Asian Paints]] and held directorships at [[Tata Power]], Piramal Enterprises, the [[National Stock Exchange of India]], and Home First Finance Company.<ref name="IIHSBio" /> In July 2020, he was named lead independent director of [[Wipro]].<ref name="board" />

	He has served as a consultant on housing finance to multilateral organizations, including the [[World Bank]], the [[Asian Development Bank]], [[USAID]], and [[UN-Habitat]].<ref>{{Cite web \|last=PTI \|date=2020-05-29 \|title=Wipro appoints Deepak M Satwalekar to its Board \|url=https://www.thestatesman.com/business/wipro-appoints-deepak-m-satwalekar-board-1502893803.html \|access-date=2026-09-08 \|website=The Statesman \|language=en}}</ref><ref name="IIHSBio" /> He also chaired the [[Reserve Bank of India]] Committee on Corporate Governance in Public Sector Banks.<ref name="Egon">{{cite web \|title=Chairperson's Role in Board Governance and Managing Dissent \|url=https://www.egonzehnder.com/what-we-do/board-advisory/insights/role-of-the-chairperson-good-board-governance-and-managing-dissent-in-the-boardroom \|publisher=Egon Zehnder \|access-date=27 August 2026\|archive-url=https://web.archive.org/web/20240530132348/https://www.egonzehnder.com/what-we-do/board-advisory/insights/role-of-the-chairperson-good-board-governance-and-managing-dissent-in-the-boardroom \|archive-date=2024-05-30 \|url-status=live }}</ref>		He has served as a consultant on housing finance to multilateral organizations, including the [[World Bank]], the [[Asian Development Bank]], [[USAID]], and [[UN-Habitat]].<ref>{{Cite web \|last=PTI \|date=2020-05-29 \|title=Wipro appoints Deepak M Satwalekar to its Board \|url=https://www.thestatesman.com/business/wipro-appoints-deepak-m-satwalekar-board-1502893803.html \|access-date=2026-09-08 \|website=The Statesman \|language=en\|archive-url=https://web.archive.org/web/20261009034933/https://www.thestatesman.com/business/wipro-appoints-deepak-m-satwalekar-board-1502893803.html \|archive-date=2026-10-09 \|url-status=live }}</ref><ref name="IIHSBio" /> He also chaired the [[Reserve Bank of India]] Committee on Corporate Governance in Public Sector Banks.<ref name="Egon">{{cite web \|title=Chairperson's Role in Board Governance and Managing Dissent \|url=https://www.egonzehnder.com/what-we-do/board-advisory/insights/role-of-the-chairperson-good-board-governance-and-managing-dissent-in-the-boardroom \|publisher=Egon Zehnder \|access-date=27 August 2026\|archive-url=https://web.archive.org/web/20240530132348/https://www.egonzehnder.com/what-we-do/board-advisory/insights/role-of-the-chairperson-good-board-governance-and-managing-dissent-in-the-boardroom \|archive-date=2024-05-30 \|url-status=live }}</ref>

	=== Non-profit and education ===		=== Non-profit and education ===
Line 32:		Line 32:

	== Personal life ==		== Personal life ==
	Satwalekar is married to Maya Satwalekar. The couple funded the Deepak and Maya Satwalekar Design and Making Lab at IIT Bombay as part of the institute's MakerSpace initiative.<ref name="IITBLab">{{cite web \|title=Director's Circle - Mr. Deepak Satwalekar \|url=https://acr.iitbombay.org/directors-circle/ \|publisher=IIT Bombay Alumni Corporate Relations \|access-date=27 August 2026\|archive-url=https://web.archive.org/web/20250315142441/https://acr.iitbombay.org/directors-circle/ \|archive-date=2025-03-15 \|url-status=live }}</ref><ref>{{cite web \|title=IITB Distinguished Alumnus, Mr. Deepak Satwalekar, sets up the 'Deepak and Maya Satwalekar Design and Making Lab' \|url=https://acr.iitbombay.org/news/iitb-distinguished-alumnus-mr-deepak-satwalekar-sets-up-the-deepak-and-maya-satwalekar-design-and-making-lab/ \|access-date=27 August 2026 \|publisher=IIT Bombay Alumni Corporate Relations}}</ref>		Satwalekar is married to Maya Satwalekar. The couple funded the Deepak and Maya Satwalekar Design and Making Lab at IIT Bombay as part of the institute's MakerSpace initiative.<ref name="IITBLab">{{cite web \|title=Director's Circle - Mr. Deepak Satwalekar \|url=https://acr.iitbombay.org/directors-circle/ \|publisher=IIT Bombay Alumni Corporate Relations \|access-date=27 August 2026\|archive-url=https://web.archive.org/web/20250315142441/https://acr.iitbombay.org/directors-circle/ \|archive-date=2025-03-15 \|url-status=live }}</ref><ref>{{cite web \|title=IITB Distinguished Alumnus, Mr. Deepak Satwalekar, sets up the 'Deepak and Maya Satwalekar Design and Making Lab' \|url=https://acr.iitbombay.org/news/iitb-distinguished-alumnus-mr-deepak-satwalekar-sets-up-the-deepak-and-maya-satwalekar-design-and-making-lab/ \|access-date=27 August 2026 \|publisher=IIT Bombay Alumni Corporate Relations\|archive-url=https://web.archive.org/web/20261009035003/https://acr.iitbombay.org/news/iitb-distinguished-alumnus-mr-deepak-satwalekar-sets-up-the-deepak-and-maya-satwalekar-design-and-making-lab/ \|archive-date=2026-10-09 \|url-status=live }}</ref>

	== References ==		== References ==

BharatwikiArchiveBot: Bot: Adding Archive.org links to references

2026-10-09T03:02:43Z

Bot: Adding Archive.org links to references

← Older revision		Revision as of 08:32, 9 October 2026
Line 23:		Line 23:
	Satwalekar was an independent director on the board of [[Infosys]] from 1997 to 2013. He has also served as non-executive chairman of [[Asian Paints]] and held directorships at [[Tata Power]], Piramal Enterprises, the [[National Stock Exchange of India]], and Home First Finance Company.<ref name="IIHSBio" /> In July 2020, he was named lead independent director of [[Wipro]].<ref name="board" />		Satwalekar was an independent director on the board of [[Infosys]] from 1997 to 2013. He has also served as non-executive chairman of [[Asian Paints]] and held directorships at [[Tata Power]], Piramal Enterprises, the [[National Stock Exchange of India]], and Home First Finance Company.<ref name="IIHSBio" /> In July 2020, he was named lead independent director of [[Wipro]].<ref name="board" />

	He has served as a consultant on housing finance to multilateral organizations, including the [[World Bank]], the [[Asian Development Bank]], [[USAID]], and [[UN-Habitat]].<ref>{{Cite web \|last=PTI \|date=2020-05-29 \|title=Wipro appoints Deepak M Satwalekar to its Board \|url=https://www.thestatesman.com/business/wipro-appoints-deepak-m-satwalekar-board-1502893803.html \|access-date=2026-09-08 \|website=The Statesman \|language=en}}</ref><ref name="IIHSBio" /> He also chaired the [[Reserve Bank of India]] Committee on Corporate Governance in Public Sector Banks.<ref name="Egon">{{cite web \|title=Chairperson's Role in Board Governance and Managing Dissent \|url=https://www.egonzehnder.com/what-we-do/board-advisory/insights/role-of-the-chairperson-good-board-governance-and-managing-dissent-in-the-boardroom \|publisher=Egon Zehnder \|access-date=27 August 2026}}</ref>		He has served as a consultant on housing finance to multilateral organizations, including the [[World Bank]], the [[Asian Development Bank]], [[USAID]], and [[UN-Habitat]].<ref>{{Cite web \|last=PTI \|date=2020-05-29 \|title=Wipro appoints Deepak M Satwalekar to its Board \|url=https://www.thestatesman.com/business/wipro-appoints-deepak-m-satwalekar-board-1502893803.html \|access-date=2026-09-08 \|website=The Statesman \|language=en}}</ref><ref name="IIHSBio" /> He also chaired the [[Reserve Bank of India]] Committee on Corporate Governance in Public Sector Banks.<ref name="Egon">{{cite web \|title=Chairperson's Role in Board Governance and Managing Dissent \|url=https://www.egonzehnder.com/what-we-do/board-advisory/insights/role-of-the-chairperson-good-board-governance-and-managing-dissent-in-the-boardroom \|publisher=Egon Zehnder \|access-date=27 August 2026\|archive-url=https://web.archive.org/web/20240530132348/https://www.egonzehnder.com/what-we-do/board-advisory/insights/role-of-the-chairperson-good-board-governance-and-managing-dissent-in-the-boardroom \|archive-date=2024-05-30 \|url-status=live }}</ref>

	=== Non-profit and education ===		=== Non-profit and education ===

BharatwikiArchiveBot: Bot: Adding Archive.org links to references

2026-10-09T02:52:33Z

Bot: Adding Archive.org links to references

← Older revision		Revision as of 08:22, 9 October 2026
Line 10:		Line 10:
	}}		}}

	'''Deepak Madhav Satwalekar''' is an Indian business executive. He served as the Managing Director of [[Housing Development Finance Corporation]] (HDFC)<ref name=":0">{{Cite web \|last=Abreu \|first=Robin \|date=2012-07-25 \|title=The details man \|url=https://www.indiatoday.in/magazine/economy/story/19991108-xyz-762469-2012-07-25 \|access-date=2026-09-08 \|website=India Today \|language=en}}</ref> and as the founding Managing Director and CEO of [[HDFC Life\|HDFC Standard Life Insurance]].<ref>{{Cite web \|title=rediff.com Money: The Rediff Money Interview / Deepak Satwalekar \|url=https://m.rediff.com/money/2000/nov/04inter.htm \|access-date=2026-09-08 \|website=m.rediff.com}}</ref> He has also served on the boards of Indian companies including [[Infosys]], [[Wipro]], and [[Asian Paints]].<ref>{{cite web \|title=Deepak M. Satwalekar leadership profile \|url=https://www.wipro.com/leadership/deepak-m-satwalekar/ \|access-date=27 August 2026 \|website=Wipro}}</ref><ref name="IIHSBio">{{cite web \|title=Deepak Satwalekar - Board & Founding Members \|url=https://iihs.co.in/about/people/deepak-satwalekar/ \|publisher=Indian Institute for Human Settlements \|access-date=27 August 2026}}</ref><ref>{{Cite web \|date=2023-07-28 \|title=Asian Paints Appoints R. Seshasayee as Chairman \|url=https://www.coatingsworld.com/breaking-news/asian-paints-appoints-r-seshasayee-as-chairman/ \|access-date=2026-09-08 \|website=Coatings World \|language=en-US}}</ref> He was reported to be "''the No.2 man in HDFC''."<ref name=":0" /> He's mentioned extensively in the book, [[A Bank for the Buck]] where he suggests the name Bombay International Bank for the proposed [[HDFC Bank]], which gets rejected.<ref>{{Cite book \|last=Bandopadhyaya \|first=Tamal \|url=https://archive.org/details/bankforbucknewba0000band/page/n17/mode/1up?q=Satwalekar \|title=A Bank For The Buck : The Story Of HDFC Bank \|date=2012-11-24 \|publisher=Jaico Publishing House/Mumbai/India \|isbn=978-81-8495-396-1 \|page=16}}</ref>		'''Deepak Madhav Satwalekar''' is an Indian business executive. He served as the Managing Director of [[Housing Development Finance Corporation]] (HDFC)<ref name=":0">{{Cite web \|last=Abreu \|first=Robin \|date=2012-07-25 \|title=The details man \|url=https://www.indiatoday.in/magazine/economy/story/19991108-xyz-762469-2012-07-25 \|access-date=2026-09-08 \|website=India Today \|language=en\|archive-url=https://web.archive.org/web/20191211110742/https://www.indiatoday.in/magazine/economy/story/19991108-xyz-762469-2012-07-25 \|archive-date=2019-12-11 \|url-status=live }}</ref> and as the founding Managing Director and CEO of [[HDFC Life\|HDFC Standard Life Insurance]].<ref>{{Cite web \|title=rediff.com Money: The Rediff Money Interview / Deepak Satwalekar \|url=https://m.rediff.com/money/2000/nov/04inter.htm \|access-date=2026-09-08 \|website=m.rediff.com}}</ref> He has also served on the boards of Indian companies including [[Infosys]], [[Wipro]], and [[Asian Paints]].<ref>{{cite web \|title=Deepak M. Satwalekar leadership profile \|url=https://www.wipro.com/leadership/deepak-m-satwalekar/ \|access-date=27 August 2026 \|website=Wipro}}</ref><ref name="IIHSBio">{{cite web \|title=Deepak Satwalekar - Board & Founding Members \|url=https://iihs.co.in/about/people/deepak-satwalekar/ \|publisher=Indian Institute for Human Settlements \|access-date=27 August 2026}}</ref><ref>{{Cite web \|date=2023-07-28 \|title=Asian Paints Appoints R. Seshasayee as Chairman \|url=https://www.coatingsworld.com/breaking-news/asian-paints-appoints-r-seshasayee-as-chairman/ \|access-date=2026-09-08 \|website=Coatings World \|language=en-US\|archive-url=https://web.archive.org/web/20250723230143/https://www.coatingsworld.com/breaking-news/asian-paints-appoints-r-seshasayee-as-chairman/ \|archive-date=2025-07-23 \|url-status=live }}</ref> He was reported to be "''the No.2 man in HDFC''."<ref name=":0" /> He's mentioned extensively in the book, [[A Bank for the Buck]] where he suggests the name Bombay International Bank for the proposed [[HDFC Bank]], which gets rejected.<ref>{{Cite book \|last=Bandopadhyaya \|first=Tamal \|url=https://archive.org/details/bankforbucknewba0000band/page/n17/mode/1up?q=Satwalekar \|title=A Bank For The Buck : The Story Of HDFC Bank \|date=2012-11-24 \|publisher=Jaico Publishing House/Mumbai/India \|isbn=978-81-8495-396-1 \|page=16}}</ref>

	== Early life and education ==		== Early life and education ==
Line 32:		Line 32:

	== Personal life ==		== Personal life ==
	Satwalekar is married to Maya Satwalekar. The couple funded the Deepak and Maya Satwalekar Design and Making Lab at IIT Bombay as part of the institute's MakerSpace initiative.<ref name="IITBLab">{{cite web \|title=Director's Circle - Mr. Deepak Satwalekar \|url=https://acr.iitbombay.org/directors-circle/ \|publisher=IIT Bombay Alumni Corporate Relations \|access-date=27 August 2026}}</ref><ref>{{cite web \|title=IITB Distinguished Alumnus, Mr. Deepak Satwalekar, sets up the 'Deepak and Maya Satwalekar Design and Making Lab' \|url=https://acr.iitbombay.org/news/iitb-distinguished-alumnus-mr-deepak-satwalekar-sets-up-the-deepak-and-maya-satwalekar-design-and-making-lab/ \|access-date=27 August 2026 \|publisher=IIT Bombay Alumni Corporate Relations}}</ref>		Satwalekar is married to Maya Satwalekar. The couple funded the Deepak and Maya Satwalekar Design and Making Lab at IIT Bombay as part of the institute's MakerSpace initiative.<ref name="IITBLab">{{cite web \|title=Director's Circle - Mr. Deepak Satwalekar \|url=https://acr.iitbombay.org/directors-circle/ \|publisher=IIT Bombay Alumni Corporate Relations \|access-date=27 August 2026\|archive-url=https://web.archive.org/web/20250315142441/https://acr.iitbombay.org/directors-circle/ \|archive-date=2025-03-15 \|url-status=live }}</ref><ref>{{cite web \|title=IITB Distinguished Alumnus, Mr. Deepak Satwalekar, sets up the 'Deepak and Maya Satwalekar Design and Making Lab' \|url=https://acr.iitbombay.org/news/iitb-distinguished-alumnus-mr-deepak-satwalekar-sets-up-the-deepak-and-maya-satwalekar-design-and-making-lab/ \|access-date=27 August 2026 \|publisher=IIT Bombay Alumni Corporate Relations}}</ref>

	== References ==		== References ==

Dokania: Created page with "{{Short description|Indian business executive and corporate advisor}} {{Infobox person | name = Deepak Satwalekar | occupation = Corporate executive, board director | known_for = Managing Director of Housing Development Finance Corporation, MD & CEO of HDFC Life | parents = Madhav Satwalekar (father) | relatives = Shripad Damodar Satwalekar (grandfather)
Vikas Satwalekar (brother) | spouse = Maya Satwalekar | awards = Dist..."

2026-09-28T10:16:22Z

Created page with "{{Short description|Indian business executive and corporate advisor}} {{Infobox person | name = Deepak Satwalekar | occupation = Corporate executive, board director | known_for = Managing Director of Housing Development Finance Corporation, MD & CEO of HDFC Life | parents = Madhav Satwalekar (father) | relatives = Shripad Damodar Satwalekar (grandfather)<br>Vikas Satwalekar (brother) | spouse = Maya Satwalekar | awards = Dist..."

New page

{{Short description|Indian business executive and corporate advisor}}
{{Infobox person
| name = Deepak Satwalekar
| occupation = Corporate executive, board director
| known_for = Managing Director of [[Housing Development Finance Corporation]], MD & CEO of [[HDFC Life]]
| parents = [[Madhav Satwalekar]] (father)
| relatives = [[Shripad Damodar Satwalekar]] (grandfather)<br>[[Vikas Satwalekar]] (brother)
| spouse = Maya Satwalekar
| awards = Distinguished Alumnus Award, IIT Bombay
}}

'''Deepak Madhav Satwalekar''' is an Indian business executive. He served as the Managing Director of [[Housing Development Finance Corporation]] (HDFC)<ref name=":0">{{Cite web |last=Abreu |first=Robin |date=2012-07-25 |title=The details man |url=https://www.indiatoday.in/magazine/economy/story/19991108-xyz-762469-2012-07-25 |access-date=2026-09-08 |website=India Today |language=en}}</ref> and as the founding Managing Director and CEO of [[HDFC Life|HDFC Standard Life Insurance]].<ref>{{Cite web |title=rediff.com Money: The Rediff Money Interview / Deepak Satwalekar |url=https://m.rediff.com/money/2000/nov/04inter.htm |access-date=2026-09-08 |website=m.rediff.com}}</ref> He has also served on the boards of Indian companies including [[Infosys]], [[Wipro]], and [[Asian Paints]].<ref>{{cite web |title=Deepak M. Satwalekar leadership profile |url=https://www.wipro.com/leadership/deepak-m-satwalekar/ |access-date=27 August 2026 |website=Wipro}}</ref><ref name="IIHSBio">{{cite web |title=Deepak Satwalekar - Board & Founding Members |url=https://iihs.co.in/about/people/deepak-satwalekar/ |publisher=Indian Institute for Human Settlements |access-date=27 August 2026}}</ref><ref>{{Cite web |date=2023-07-28 |title=Asian Paints Appoints R. Seshasayee as Chairman |url=https://www.coatingsworld.com/breaking-news/asian-paints-appoints-r-seshasayee-as-chairman/ |access-date=2026-09-08 |website=Coatings World |language=en-US}}</ref> He was reported to be "''the No.2 man in HDFC''."<ref name=":0" /> He's mentioned extensively in the book, [[A Bank for the Buck]] where he suggests the name Bombay International Bank for the proposed [[HDFC Bank]], which gets rejected.<ref>{{Cite book |last=Bandopadhyaya |first=Tamal |url=https://archive.org/details/bankforbucknewba0000band/page/n17/mode/1up?q=Satwalekar |title=A Bank For The Buck : The Story Of HDFC Bank |date=2012-11-24 |publisher=Jaico Publishing House/Mumbai/India |isbn=978-81-8495-396-1 |page=16}}</ref>

== Early life and education ==
Satwalekar comes from a Maharashtrian family. His father was the painter [[Madhav Satwalekar]], and his grandfather was Sanskrit scholar [[Shripad Damodar Satwalekar]]. His brother, [[Vikas Satwalekar]], was the executive director of the [[National Institute of Design]] (NID).<ref name="ExpressObit">{{cite news |title=Former executive director of NID passes away |url=https://indianexpress.com/article/india/former-executive-director-of-nid-passes-away-6485841/ |newspaper=[[The Indian Express]] |date=2 July 2020 |access-date=27 August 2026}}</ref>

Satwalekar graduated with a Bachelor of Technology in mechanical engineering from the [[Indian Institute of Technology Bombay]] (IIT Bombay) in 1971. He received a Master of Business Administration from the Kogod School of Business at [[American University]] in 1977.<ref name="IIHSBio" /><ref>{{Cite web |date=November 13, 2013 |title=Deepak M Satwalekar to retire from the Infosys Board of Directors |url=https://www.sec.gov/Archives/edgar/data/1067491/000106749113000063/exv99w01.htm |access-date=2026-09-08 |website=www.sec.gov}}</ref>

== Career ==
Satwalekar joined HDFC and became its managing director in 1993.<ref name="IIHSBio" /> In 2000, following the deregulation of the Indian insurance sector, he was appointed founding managing director and CEO of HDFC Standard Life Insurance (now [[HDFC Life]]). He served in this role until November 2008.<ref name="board">{{cite web |title=Wipro Reappoints Deepak M. Satwalekar As Independent Director |url=https://boardstewardship.com/wipro-reappoints-deepak-m-satwalekar-as-independent-director/ |access-date=27 August 2026 |website=Board Stewardship}}</ref> He suggested the name of proposed HDFC Bank to be Bombay International Bank

=== Board memberships ===
Satwalekar was an independent director on the board of [[Infosys]] from 1997 to 2013. He has also served as non-executive chairman of [[Asian Paints]] and held directorships at [[Tata Power]], Piramal Enterprises, the [[National Stock Exchange of India]], and Home First Finance Company.<ref name="IIHSBio" /> In July 2020, he was named lead independent director of [[Wipro]].<ref name="board" />

He has served as a consultant on housing finance to multilateral organizations, including the [[World Bank]], the [[Asian Development Bank]], [[USAID]], and [[UN-Habitat]].<ref>{{Cite web |last=PTI |date=2020-05-29 |title=Wipro appoints Deepak M Satwalekar to its Board |url=https://www.thestatesman.com/business/wipro-appoints-deepak-m-satwalekar-board-1502893803.html |access-date=2026-09-08 |website=The Statesman |language=en}}</ref><ref name="IIHSBio" /> He also chaired the [[Reserve Bank of India]] Committee on Corporate Governance in Public Sector Banks.<ref name="Egon">{{cite web |title=Chairperson's Role in Board Governance and Managing Dissent |url=https://www.egonzehnder.com/what-we-do/board-advisory/insights/role-of-the-chairperson-good-board-governance-and-managing-dissent-in-the-boardroom |publisher=Egon Zehnder |access-date=27 August 2026}}</ref>

=== Non-profit and education ===
Satwalekar is a trustee of the Infosys Science Foundation. He was previously chairman of the board of governors of the [[Indian Institute of Management Indore]] and has served on the advisory boards of educational non-profits including [[Teach For India]] and Isha Vidhya.<ref name="IIHSBio" />

== Awards and recognition ==
Satwalekar received the Distinguished Alumnus Award from IIT Bombay.<ref name="IIHSBio" />

== Personal life ==
Satwalekar is married to Maya Satwalekar. The couple funded the Deepak and Maya Satwalekar Design and Making Lab at IIT Bombay as part of the institute's MakerSpace initiative.<ref name="IITBLab">{{cite web |title=Director's Circle - Mr. Deepak Satwalekar |url=https://acr.iitbombay.org/directors-circle/ |publisher=IIT Bombay Alumni Corporate Relations |access-date=27 August 2026}}</ref><ref>{{cite web |title=IITB Distinguished Alumnus, Mr. Deepak Satwalekar, sets up the 'Deepak and Maya Satwalekar Design and Making Lab' |url=https://acr.iitbombay.org/news/iitb-distinguished-alumnus-mr-deepak-satwalekar-sets-up-the-deepak-and-maya-satwalekar-design-and-making-lab/ |access-date=27 August 2026 |publisher=IIT Bombay Alumni Corporate Relations}}</ref>

== References ==
{{reflist}}

{{Authority control}}{{DEFAULTSORT:Satwalekar, Deepak}}
[[Category:Living people]]
[[Category:Indian chief executives]]
[[Category:Indian corporate directors]]
[[Category:IIT Bombay alumni]]
[[Category:Kogod School of Business alumni]]
[[Category:Businesspeople from Maharashtra]]

{{India-business-bio-stub}}