Ace
banker Deepak Parekh, credited with creating some of the largest
financial institutions in India, once saw his plans going "awry"
when he fell short of money during his 21st birthday party and the
friends he had offered to treat had to fill the gap. Delivering a
lecture here at London School of Economics Students Union India
Forum, Parekh was recalling his own days in London decades ago and
said India's bright future often makes him wish he was "in his
twenties again". Parekh, who now visits London at least 4-6
times a year for work, said he was having "a strong sense of
nostalgia", recalling his student days in the city when he was
doing chartered accountant articleship decades ago. "You may
perhaps figure out how dated I am when I tell you that I celebrated
my 21st birthday in London, inviting three of my friends for dinner.
Considering myself a good accountant, I told my friends that I had
earmarked 2 shillings and 6 pence for each of them and they could eat
whatever they wanted within that budget," the eminent banker
said. "I prided myself on being rather organised and meticulous,
but that was only as far as the food was concerned. "Plans went
awry when the drinks flowed – and flowed they did to land me with a
grand bill of 13 shillings! My friends had to shell out the rest and
till date, they still hold me ransom for that party of mine," he
said in the keynote address delivered here last weekend. Parekh said
despite "the extreme frugal living", his days in London
turned out to be one of the best years of his life and it made him
independent and open minded. "I met people from so many
countries and made some of my best friends. While I was way too broke
to have any dates, I compensated by experimenting with a lot of new
cuisine -- mostly an array of animals, much to the horror of my
mother who had brought me up as a staunch vegetarian. "This
apart, my student years in London gave me the foundation and ground
training that has held me in good stead throughout my working life,"
he said. In the lecture on whether India was a superpower in making,
Parekh also told the students that India had never been in a stronger
position than today. "Let me end by saying that in over four
decades of my working life, I have never seen India in a stronger
position as it is today. The opportunities that are opening up are
immense. There is a huge premium for talent and I am sure that those
of you who choose to return to India will reap the benefits," he
said. As you transit from being students, do remember that no matter
what field you work in, always ensure that your basic values of
honesty, integrity and humility stay with you. "India's future
is intensely exciting and it is for this reason that I wish I was in
my twenties again!" At the Forum, also addressed and attended by
several Bollywood celebrities, Parekh also let loose his sense of
humour. "Let me end by saying that I recognise I can't direct a
'Don', I'm no dude to 'Rock On' and I don't match up to a 'Dil
Dhadakne Do'. So here's a special thanks to the organisers for having
the common sense to allow me to speak before that Bollywood hunk,"
Parekh said. "I know you all are looking forward to the next
session, but do hold on to my words that India's best is still to
come. Make the most of this opportunity for you all know better –
"Zindagi na milegi dobara!", he added.
Sunday, March 19, 2017
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