Devesh Narang Email and Phone Number
As a founding member of Capitabel Solutions, a FinTech company that simplifies access to credit, I apply my skills and knowledge in financial and business strategy, project management, and communication to create innovative and impactful solutions. With a Bachelor of Commerce degree from Loyola College, I have a strong foundation in business and commerce, which I leverage to drive sales and partnerships, plan project finances and feasibility, and track business profit and loss. I also work with Manor Group, a business that operates in the hospitality and real estate sector. Places of Impact is their affordable rental housing arm that creates positive change by providing housing to migrant women workers. I work closely with the founders and the team on stakeholder management, new business ventures, and international grants and awards. I also contribute to the organization's vision and mission by ensuring sales and driving strategies, synergizing with digital agencies, and hiring and onboarding staff with the organizational culture. As the former local head of finance for AIESEC in Chennai, I manage financial assets of close to INR 35 Lakhs. My role involves financial management and organizational strategy formulation, including budgeting, financial planning, and ensuring the organization’s financial health. This experience has honed my skills in financial analysis, risk management, and strategic decision-making. "Awards & Recognition *Shortlisted Finalist, EU Tech Chamber Awards 2021 (Purthi Spaces LLP) * Winner, SDG 10 category, ESG World Summit & GRIT awards 2022 (Places of Impact)"I am passionate about creating positive social impact through technology and innovation, and I constantly seek new opportunities to learn and grow as a professional. I have completed multiple certifications from LinkedIn, such as Google Ads Essential Training and Product Management: Building a Product Strategy, to enhance my skills and competencies in these domains. I am also a research enthusiast and an avid reader, with a keen interest in topics such as FinTech, social entrepreneurship, and digital marketing.
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Founding MemberCapitabel Solutions Sep 2023 - PresentChennai, Tamil Nadu, IndiaBuilding Capitabel, a FinTech company that’s simplifying access to credit.
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Innovation LeadPlaces Of Impact Nov 2021 - PresentGreater Chennai Area1. Strategy Sales & Revenue : - Developed strategies to increase revenue for rental assets #YOY increase in revenue 30% across business. - Achieved a 6.5% rental yield on capital invested, ensuring investor satisfaction and profitability. - Worked with cross-functional teams to ensure timely project completion and customer satisfaction.2. Financial Tracking and Cost Management: - Introduced P&L tracking, leading to cost reduction and enabling a new property to break even within 3 months. - Managed the P&L for the rental asset business, overseeing 3 businesses worth ₹1.5 crores, and increased profitability through expense management. #YOY profitability grew by 40%3. Stakeholder Management: - Prepared monthly and detailed annual stakeholder reports, maintaining transparency and trust. - Engaged in over 100 B2B partnership meetings in the last 2 years, expanding business networks and opportunities.4.Built Tracking Tools : - Built tools to track the feasibility of new projects using ROI metrics # TAT reduced in project selection timing by 25% - Built P^L tracking tools & marketing metric tools to track NPS. #NPS increased by 35%5. Business Expansion and Networking: - Created business expansion proposals and networked at B2B events across India. - Won an ESG and Impact Award in Singapore for outstanding contributions. - Authored a grant application to digitize fractional real estate investments with a token system. -
Business AnalystFull Creative Aug 2021 - Oct 2021Chennai, Tamil Nadu, India1. Reports Generation and Product Analysis: - Generated over 30 detailed reports and conducted comprehensive product analysis, providing insights that led to a 10% increase in product performance.2. Stakeholder Management and Issue Resolution: -Managed relationships with 10+ stakeholders, ensuring a 85% resolution rate of product issues by coordinating effectively with various teams within the organization.3. Product Review and Strategy Implementation: - Conducted 2 product sprint reviews and implemented strategic plans, resulting in a 15% improvement in product development and a 12% increase in customer satisfaction. -
Local Head Of Finance, ChennaiAiesec In India Feb 2020 - Jan 2021Chennai, Tamil Nadu, IndiaThe role involves: -Spearheaded expansion strategies to increase business market share, drive growthand bring in more than revenue of 500,000 during a pandemic.- 25%YoY Increase in creation of Financial reserve -Built and strengthened productive and valuable industry partnerships to drivecollaboration, engagement and revenue stream development.-Funded Social initiatives by cultivating strong partnerships and stockholderrelationships.-Ensure a Positive Excess of revenue over expenditure in the middle of the pandemic with increase in alternative sources of revenue when compared to the primary revenue from ( International Exchanges)- Financial and legal management for the organization - Financial forecasting and executive decision making - Budgeting for the year and executing it - Developing financial tracking mechanisms and implementing them-Analysed financial data regarding product performance and customer performanceand developed reports for key stakeholders.- Managed day-to-day operations within 9 person finance department for Not forProfit organisation. -
Support Team LeadAiesec In India Feb 2020 - Jan 2021-Ensures compliance with established internal control procedures of AIESEC in India by examining financial statements of 7 Local Committees with an average budget of 40+ Lakhs INR of each local committee.-Verifying Inflows and outflows by comparing items to bank statements.-Identifying and mitigation financial deviations in the statements. -Appraises adequacy of internal control systems by completing audit questionnaires.-Maintains internal control systems by updating audit framework and recommending strategies for compliance with policies and procedures.-Communicating audit findings by preparing a final report; discussing findings with auditees.-Playing an act role of advisory to recommend possible risk aversion measures and cost savings that could be made.
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Senior Manager Corporate RelationsAiesec In Chennai Feb 2018 - Feb 2020Chennai, Tamil Nadu, IndiaI was part of a team which was responsible for B2B sales and client servicing to startups, MSMEs and MNCs. The objective was to on board them as partners of AIESEC in Chennai in order to source international interns for the partner organisation. -
Finance InternS.H.Bhandari & Co Chartered Accountants Dec 2018 - Jan 2019Chennai Area, India
Devesh Narang Education Details
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Business/Commerce, General -
Bhavans Rajaji VidyashramCommerce
Frequently Asked Questions about Devesh Narang
What company does Devesh Narang work for?
Devesh Narang works for Capitabel Solutions
What is Devesh Narang's role at the current company?
Devesh Narang's current role is Founding Member @ Capitabel Solutions | Financial and Business Strategist.
What schools did Devesh Narang attend?
Devesh Narang attended Loyola College, Bhavans Rajaji Vidyashram.
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