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Gavaskar takes Parekh on board as a special advisor

Calcutta: 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.

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, becomes the first independent figure involved in the IPL’s functioning and enters its administration structure without any stake in Indian cricket.

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. Besides HDFC, Parekh is on the board of several other companies.

“The BCCI, at the instance of Gavaskar has appointed Mr Deepak Parekh as his special advisor, for the 2014 season of the Pepsi Indian Premier League. Mr. Parekh will be a special invitee to the governing council meetings of the IPL,” the BCCI said in a media release.

“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. It is apt that an individual of the calibre of Mr Parekh will be joining the BCCI-IPL’s leadership group.

“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,” Gavaskar said.

Accepting his appointment, Parekh said: “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.”

IPL governing council chairman Ranjib Biswal was equally excited. “We are pleased to have Parekh in our team. His expertise will enable us to deliver a memorable IPL,” Biswal said.

Former India captain Gavaskar was appointed the interim president of the BCCI-IPL following a direction from Supreme Court as N. Srinivasan was asked to step aside from his post pending the completion of the IPL spot-fixing inquiry. Senior vice-president Shivlal Yadav was made interim president for non-IPL matters.