Deepak serves on the India advisory board of a large European bank and is currently active on the board of trustees of several not-for-profit organizations that are engaged in the field of primary education for the low income and underprivileged members of the society in rural and urban India. He was the Managing Director and CEO of HDFC Standard Life Insurance Co. Ltd. since 2000. He has also been a consultant to the World Bank, the Asian Development Bank, the United States Agency for International Development (USAID) and the United Nations Human Settlements Programme (HABITAT).
Deepak is a recipient of the 'Distinguished Alumnus Award' from the Indian Institute of Technology (IIT) Bombay. He is on the Advisory Council of IIT Bombay and has chaired and been a member of several expert groups related to industry, government and the Reserve Bank of India.