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Hrishikesh Parandekar-Personality of the week

Hrishikesh ParandekarMr. Hrishikesh Parandekar is the Group Head of Broking, Wealth Management & Asset Management, and Chief Executive Officer of Karvy Realty India Limited. Mr. Parandekar is also the Director at Karvy Capital Limited.


Mr. Parandekar established the India Rising Fund. He serves as its Managing Director. In addition, he worked for Morgan Stanley, as Managing Director as well as as a Senior Consultant with McKinsey. He has worked for almost two decades after that in private wealth management and strategy consulting across USA, India, as well as Latin America. Mr Parandekar, since November 13, 2006, has been an Independent Director of Shree Renuka Sugars Limited and in the past served as its Additional Director since September 30, 2006. Also, he holds MBA from IIM (Ahmedabad).

His able leadership has guaranteed that within a brief time span, the Karvy businesses achieved by him have climbed new heights. Mr Parandekar manages the Karvy Private Wealth, Karvy Stock Broking, Karvy Real Estate, Karvy Middle East, Karvy Capital, as well as Fixed Income businesses.

Prior to joining Karvy to successfully begin Karvy Private Wealth and having it reach such heights, Mr. Parandekar had a great 15-year career working for organizations like McKinsey and Morgan Stanley.

He basically worked for Morgan Stanley as the Managing Director as well as Head of the International Retail businesses and Latin American Private Wealth, sitting on the high-class Operating Committees and Global Private Wealth Management Executive. His wide ranging responsibilities reached professionals centered in the Latin America, US, and Switzerland. Before these businesses, Hrishikesh was in charge of strategic planning in the business of global private wealth.

Hrishikesh was a senior consultant with McKinsey, just before joing Morgan Stanley. He started working with McKinsey in India, joining the office of Mumbai as one of its initial consultants. At McKinsey, he was instrumental in creating a strong practice in India in serving financial institutions. Other than India, he too had international stints working out of the company’s offices in Chicago, Abu Dhabi, New York as well as Kuala Lumpur where Hrishikesh focused in serving investment houses, insurers, and banks on matters related to investing, strategy, as well as product management.

Hrishikesh received his MBA from the Indian Institute of Management in Ahmedabad. That is where he was given the President’s Gold Medal for graduating placed number one in his class. From the University of Bombay, he has a Bachelor’s degree in Economics and Accounting.

Furthermore, Hrishikesh is on the Board of Directors of Shree Renuka Sugars, which is India’s leading integrated sugar company.

To conclude this, Mr. Parandekar is few of the most talented and successful businessmen in India. He is known for his great ideas and friendly personality. People love working with him. He is very well-educated and that makes him a lot smarter than average business men and women!



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