Satish B. Parekh

[ Age 68 ] Economist owned a consulting company with some 400 clients.

He worked with Congress to found the University of the District of Columbia, the first urban land grant college.

June 12, 2007|By Frederick N. Rasmussen | Frederick N. Rasmussen,sun reporter

Dr. Satish B. Parekh, a Baltimore businessman who was active in civic and cultural affairs, died of a stroke Wednesday at Sinai Hospital. He was 68.

Dr. Parekh was born and raised in Rajkot, India, and earned a bachelor's degree in economics in 1958 from St. Xavier's College in India.

In 1959, he earned his master's degree in economics, finance and strategies from New York University, and his doctorate in economics, also from NYU, four years later.

While attending graduate school, he worked as an economist for the National Industrial Conference Board in New York City. After he received his doctorate, he was hired by First National City Bank of New York, now Citibank, to head the bank's cash and current accounts department at its Southeast Asian headquarters in Mumbai, India.

He came to Baltimore in 1965 as chief administrator and finance executive at what is now Morgan State University. From 1968 to 1970, he was a vice president and professor at Federal City College in Washington, and at Washington Technical College from 1970 to 1973.

"During these years, he also worked with the U.S. Congress to establish the University of the District of Columbia as the first urban land grant university in the country with an endowment of cash in lieu of land," said Dr. Parekh's son-in-law Guy Flynn of Baltimore.

Dr. Parekh was vice president for strategic planning at the Phelps-Stokes Fund in Washington. In 1976, he founded and served for the next four years as chief executive officer of the National Center for College and University Planning in Baltimore, whose sponsors were the Johns Hopkins University and the Phelps-Stokes Fund.

In 1993, he joined VIPS Inc., a Baltimore software company, as vice president for corporate strategies.

Since 1993, he owned and operated Strategic Planning and Implementation Inc., a strategic consulting company, whose clients include about 400 large and small companies throughout the nation and overseas.

"He was a brilliant and highly educated man who had a way about him. He was very caring and always looking for solutions rather than trying to pin blame on anyone," said James T. Brady, former secretary of Maryland's Department of Business and Economic Development.

"Knowledge was a huge part of his life, and like most smart people, he was a great listener. He never pretended to have all the answers but was very conscientious," Brady said.

Marc Steiner, WYPR-FM radio personality, was a former Windsor Hills neighbor and longtime friend.

"He was a pipe smoker and very engaging and bright. He was a good businessman and knew how good he was. But he was not full of ego," Mr. Steiner recalled yesterday. "He was also thoughtful and had a real social conscience."

Dr. Parekh's board memberships included The Alliance Inc., Greenbaum Cancer Center and the University of Maryland Medical System.

"He advised mayors, state government Cabinet secretaries and political candidates, and at the time of his death, served on the Mayor's Advisory Council for International Affairs," his son-in-law said.

In addition to his work, Dr. Parekh wrote a monthly op-ed column, "Damn the Torpedoes," for The Daily Record.

Dr. Parekh was a wine aficionado and collector. He was a member of the Center Club and was a longtime member of its wine committee.

No services are planned.

Also surviving are two daughters, Nupur Parekh Flynn of Baltimore and Payal Staish Parekh of New York City; two sisters, Nitina Sehgal of Dickinson, Texas, and Rohini Parekh of Ahmedebad, India; and his companion, Edna Emmet of Baltimore. His marriages to the former Vrena Ziegler, Bharati Patel and Dr. Sumitra Bawa ended in divorce.fred.rasmussen@baltsun.com

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