Devang Parekh Email and Phone Number
Devang Parekh personal email
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With nearly 26 years of experience in finance and business functions within the manufacturing industry, consistently deliver immediate improvements and achieve goals. Demonstrated success in collaborating closely with the Board and teams to forecast and analyze revenue performance, guiding critical decision-making through the development of KPIs, SOPs, and metrics. Excel in formulating new policies, driving business growth, and implementing cost reduction initiatives through process and efficiency improvements.Proven expertise in risk management, financial reengineering, and internal controls, with a track record of automating financial systems and coordinating budget projections. Skilled in managing working capital, project financing, and costing, while providing valuable insights for strategic planning and business expansion.Recognized for building and maintaining strong relationships with key corporate decision-makers, establishing high-profit accounts, and fostering strategic alliances. Known as an ambassador of change, driving strategic vision through process improvements and automation, leading to enhanced organizational productivity and cost savings.Leadership achievements include increasing company valuation, amplifying revenue, and developing finance verticals such as Controllership, FP&A, and Corporate Finance. Committed to acting as a primary focal point, thrive on new challenges, and bring strong work ethics, persuasive communication, and analytical skills to every endeavor.
Brfl Textiles Private Limited (Btpl)
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Chief Financial OfficerBrfl Textiles Private Limited (Btpl) Feb 2023 - Present•Providing strategic financial direction & leadership; performing due diligence of company/ processes, steering processes transitions, reengineering existing process, reducing tasks involved & making process lean, resulting in significant savings in man hours & overall cost.•Identifying performance issues within the business and risks/opportunities in current financial plan/forecast; resolving the same by developing and implementing financial trend reports.•Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.•Strategizing and executing robust procedures and service standards to maintain/enhance productivity, accuracy, and strict adherence to pre-set SLA/TAT.•Extensive working knowledge of IFRS Framework and regulatory compliances; streamlining financial processes through various initiatives geared towards lowering risk, heightening productivity & improving internal financial controls.•Articulate leader with notable success in acting as an effective leader with distinguished capabilities in recruiting, training & motivating a large workforce for accomplishing greater operational efficiency & high-resolution rate in accordance work processes.•Enhancing the working capital cycle and EBITDA margin to boost financial performance.•Fostering a unified team approach across all executive categories.•Implementing real-time online MIS reports for investors, promoters, and senior executives to facilitate informed decision-making.•Monitoring inflow / outflow of funds; taking adequate measures to ensure optimum utilisation of available funds towards the accomplishment of organisational objectives.•Creating business value through technology, ensuring that the tech systems and procedures lead to outcomes in line with company goals; ensuring the availability of timely and reliable information in the organization through technology/digital platforms. -
Chief Financial OfficerEthnicity Ltd. Dec 2021 - Aug 2022Mumbai, Maharashtra, In• Conducted review & detailed analysis of cost sheets with the business partners; engaged with internal and statutory auditors to support various audits and internal control requirements.• Played a key role in preparing timely and accurate analyses, summaries, and reports of financial data on the operating progress of the company while managing the company’s compliance with local and regulatory matters.• Developed a review mechanism and monitoring systems for stores.• Formulated the costing structure for effective financial management. -
Dy. C.F.O: Bombay Rayon Fashion LtdBombay Rayon Fashion Ltd Jan 2021 - Dec 2021• Evaluated and analyzed investment opportunities and capital projects, pinpointing high-potential ventures that harmonize with the company's strategic objectives, and yielding substantial returns.• Facilitated a Distressed Assets Resolution Plan in coordination with the Assets Reconstruction Company and CMD.
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Chief Strategy Officer (Cso) & CfoGeopreneur Group -Real Estate Apr 2016 - Nov 2020• Analyzed cash flows, including cost booking/accrual and analysis, monitoring the team handling client billings, and recording intercompany entries, revenue recognition.• Successfully raised capital from banks, NBFCs, and financial institutions through skillful negotiation of business and finance deals.• Formulated effective action plans and standard operating processes to ensure the group's smooth cash flow.• Formulated rolling forecasts for cash flow, profit & loss projections for review by management; undertaking risk and return analysis and sensitivity analysis for the short and long-term.• Enhanced business processes and procedures by collaborating with external auditors and initiating continuous improvement initiatives. • Implemented cost-reduction strategies resulting in heightened operational efficiency and financial performance.
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DirectorValue You Business Consultancy Pvt. Ltd. Oct 2012 - Mar 2016• Successfully implemented change management strategies.• Rendered assistance to managers and business owners in enhancing financial health through improvements in staff productivity, inventory cycle/debtors collection, production efficiency, sales, and business diversification
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PartnerGandhi & Parekh, Chartered Accountants Jul 2000 - Sep 2012• Established an IT-enabled company in corporate auditing.• Successfully signed off on financials of listed companies, including Alok Industries Limited (T/O of around Rs. 10,000 crore) with BIG4.• Focused on risk-based audit strategies utilizing global IT tools & technologies, similar to those employed by Fortune 500 firms.• Advocated companies for transition to ERP to attain systematic corporate growth
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Vice PresidentMsm & Associates,Chartered Accountants Aug 1999 - Jun 2009• Raised over Rs. 1300 crores in funding from banks for various clients.• Led a team of 60 executives and professionals engaged in bank audit and corporate finance projects with 25+ banks
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Assistant ManagerD.J. Vora & Co./Kishore Sheth & Co. (Chartered Accountants) Nov 1998 - Aug 1999• Piloting the overall business process transformation for attaining enterprise objective and required growth with the deployment of planned strategies; providing financial and business management leadership that facilitates growth • Monitoring and analyzing business-wise profitability on a monthly basis and recommending the areas of potential cost-savings along with financial cost benefit analysis and summary of key non-financial factors• Coordinating & consolidating the fund requirements for the Co. and managing the consolidation of budgets • Monitoring the submission of monthly accounts of the Co. to the Investors on the deadline dates as set out in the Corporate calendar• Conducting business reviews weekly / monthly within the BU & quarterly reviews with corporate• Identifying innovative means to fund financial needs of the organization at difficult times as well as transforming the entire working capital cycle
Devang Parekh Skills
Devang Parekh Education Details
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The Institute Of Chartered Accountants Of IndiaChartered Accountant -
Mithibai College Of Arts Chauhan Institute Of Science And Amrutben Jivanlal College Of Commerce And EconomicsGeneral -
Sheth N L High SchoolHigh School
Frequently Asked Questions about Devang Parekh
What company does Devang Parekh work for?
Devang Parekh works for Brfl Textiles Private Limited (Btpl)
What is Devang Parekh's role at the current company?
Devang Parekh's current role is Top Management Professional – Finance | Trusted Advisor | Entrepreneurial Thinker.
What is Devang Parekh's email address?
Devang Parekh's email address is db****@****ail.com
What schools did Devang Parekh attend?
Devang Parekh attended The Institute Of Chartered Accountants Of India, Mithibai College Of Arts Chauhan Institute Of Science And Amrutben Jivanlal College Of Commerce And Economics, Sheth N L High School.
What are some of Devang Parekh's interests?
Devang Parekh has interest in Economic Empowerment, Indoor Sports, Education, Cricket, Reading, Music.
What skills is Devang Parekh known for?
Devang Parekh has skills like Mis, Management Consulting, Business Development, Strategic Planning, Cash Flow Management, Management, Business Analysis, Business Planning, Leadership, Management Consultancy, Budgeting/cost Control, Statutory Compliances.
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