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Deepak Kochhar Age, Wife, Family, Biography & More

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Wife: Chanda Kochhar
Age: 65 Years
Hometown: Mumbai

Deepak Kochhar

Bio/Wiki
Full nameDeepak Virendra Kochhar [1]The Times of India
ProfessionBusinessman
Known ForBeing the husband of Chanda Kochhar
Physical Stats & More
Height (approx.)in centimeters- 175 cm
in meters- 1.75 m
in feet & inches- 5’ 9”
Weight (approx.)in kilograms- 75 kg
in pounds- 165 lbs
Eye ColourBlack
Hair ColourBlack
Personal Life
Date of Birth15 February 1961 (Wednesday)
Age (as of 2022)62 Years
BirthplaceMumbai
Zodiac signAquarius
NationalityIndian
HometownMumbai
College/University• Jamnalal Bajaj Institute of Management Studies, the University of Mumbai in Mumbai
• Harvard Business School in Boston, Massachusetts, USA
Educational Qualification• Pursued Master in Finance at Jamnalal Bajaj Institute of Management Studies, the University of Mumbai
• Pursued Advanced Management Program (AMP) at Harvard Business School in Boston, Massachusetts, USA [2]The Times of India
ReligionHinduism
AddressFlat No.45, CCI Chambers, Dinshaw Wachha, Road, Churchgate, Mumbai-400020
HobbyPlaying squash
ControversyICICI Bank - Videocon Group Loan Fraud Case

• In April 2018, Deepak and his wife, Chanda Kochhar, had to face questions of conflict of interest in the Videocon loan controversy. The CBI registered a preliminary enquiry, naming Videocon Group promoter Venugopal Dhoot, Deepak Kochhar, and others to investigate the alleged wrongdoing in the sanctioning of an Rs. 3,250 crore ICICI loan to the Videocon Group.

• On 23 December 2022, the CBI arrested Deepak Kochhar and his wife, Chanda Kochhar, in a case linked to alleged irregularities in an over Rs. 3,000-crore loan provided to the Videocon Group when she was heading the ICCI Bank. Ms Kochhar is accused of violating the bank's code of conduct and internal policies to favour Videocon Group, a consumer electronics and oil and gas exploration company. The CBI accused her of criminal conspiracy and cheating for alleged irregularities in a loan of Rs. 3,250 crores in 2012 to the Videocon Group, which became a non-performing asset for the ICICI Bank. Reportedly, Deepak Kochhar founded a company named NuPower Renewables in which former Videocon chairman Venugopal Dhoot allegedly invested crores of rupees after the Videocon group was granted a loan by the ICICI Bank. According to the CBI, Ms Kochhar was a member of the committee that cleared the loan to the Videocon Group. [3]NDTV
Deepak Kochhar and Chanda Kochhar being arrested by CBI in 2022

• On 9 January 2023, the Bombay High Court ordered the release of Deepak Kochhar and his wife, Chanda Kochhar, citing their arrest was “illegal” in the ICICI Bank fraud case. According to a division bench of justices Revati Mohitedere and PK Chavan, the arrest was not in accordance with Section 41A (notice of appearance before police officer) of the Code of Criminal Procedure, and the bench ordered Ms Kochhar’s release from Byculla jail and Mr Kochhar’s release from Arthur Road Jail on a cash bond of Rs. 1 lakh. [4]The Hindu

• On 8 April 2023, the CBI filed a chargesheet against Chanda Kochhar, her husband Deepak Kochhar, and Venugopal Dhoot under Sections 120-B (criminal conspiracy) and 409 (criminal breach of trust) of the Indian Penal Code (IPC) and provisions of the Prevention of Corruption Act, among others. [5]The Tribune

• On 19 February 2024, the Bombay High Court ruled that their arrest in the loan fraud case was an abuse of power. [6]India Today
Relationships & More
Marital StatusMarried
Affairs/GirlfriendsChanda Advani (now Chanda Kochhar)
Chanda Kocchar with Deepak Kochhar
Family
Wife/SpouseChanda Kochhar (former CEO of ICICI Bank)
Deepak Kochhar with Chanda Kochhar
ChildrenSon- Arjun Kochhar (squash player)
Deepak Kochhar with Chanda Kochhar and his son, Arjun Kochhar
Daughter- Aarti Kochhar (owner of Taali Foods)
Deepak Kochhar with Chanda Kochhar and his daughter, Aarti Kochhar
ParentsFather- Virendra Kochhar (Indian Navy officer)
Deepak Kochhar's father
Mother- Name not known
SiblingsBrother- Rajiv Kochhar (businessman)
Deepak Kochhar Brother Rajiv Kochhar
Style Quotient
Car Collection• Audi
• Ford H5
• Mercedes Benz
Deepak Kochhar's car
Money Factor
Assets/PropertiesMovable Assets
• Personal investments: Rs. 5.5 crores [7]Financial Express

Immovable Assets
• Churchgate flat: Rs. 3.5 crores [8]Business Standard
• A house in Mumbai: Rs. 1.1 crores [9]Financial Express
Deepak Kochhar's home in Mumbai

Deepak Kochhar

Some Lesser Known Facts About Deepak Kochhar

  • Deepak Kochhar is the co-founder and CEO of NuPower Renewables.
  • He made the headlines in April 2018 for all the wrong reasons, as he was named in the alleged ICICI Bank-Videocon loan fraud controversy, involving his wife Chanda Kochhar.
  • He was born in a corporate society in Mumbai.
  • He likes to play squash. He had participated in 3 national-level squash competitions and won all three of them.
  • After completing his graduation from Mumbai University, Deepak joined Jamnalal Bajaj Institute Of Management Studies for his Master’s degree in Finance, and it was there he met Chanda Advani (now Chanda Kochhar), who was pursuing her Management Studies.
  • After finishing their studies at Jamnalal Bajaj Institute of Management Studies, Chanda Kochhar decided to get into a salaried job in 1984; however, Deepak started his own business.
  • He, along with his brother Rajiv Kochhar, set up a company ‘Credential Finance.’ The company fell into tax-related litigations, and Credential Finance was struck off the stock exchange registers in the early 2000s.
  • Thereafter, he parted ways with his brother to set Avista Advisory group in Singapore, with offices in India.

    Rajiv Kochhar, the co-founder of Avista Advisory Group

    Rajiv Kochhar, the co-founder of Avista Advisory Group

  • After leaving Avista Advisory Group, he founded another company named Pacific Capital Services Private Limited. According to sources, his father, Virendra Kochhar, owned 10% of the company and Neelam Adani, Chanda Kochhar’s sister-in-law, owned 90% of the company. [10]The Times of India
  • He has worked as the managing trustee of Pinnacle Energy.
  • In 2008, he co-founded NuPower Renewables and became its Chief Executive Officer. Originally, NuPower Renewables was a 50-50 Joint Venture between Videocon Group’s Venugopal Dhoot family and Kochhar and Advani families. The company owned 700 MW of renewable energy assets and worked on projects in multiple states including Karnataka, Rajasthan, Maharashtra, Andhra Pradesh and Madhya Pradesh. On 10 June 2009, he was appointed as the director of Quality Techno Advisors Private Limited. He became the director of NuPower Technologies Private Limited on 3 January 2011. On 24 July 2013, he became the director of NuPower Windfarms Limited. On 12 November 2014, he was appointed as the managing director of Echanda Urja Private Limited. He was appointed as the additional director of Elegant Investrade Private Limited on 22 July 2021. [11]Zauba Corp

    Deepak Kochhar, co-founder of NuPower Renewables

    Deepak Kochhar, co-founder of NuPower Renewables

  • Chanda Kochhar was one of the most prominent CEOs in India. She has been featured on many magazine covers of major tabloids and on lists of powerful personalities in India and globally. She was often listed among India’s most powerful women. In 2011, she received the Padma Bhushan award.

    Chanda Kochhar receiving Padma Bhushan in 2011

    Chanda Kochhar receiving Padma Bhushan in 2011

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