Devang Parekh

About Devang Parekh

As a seasoned business transformation leader with nearly 26 years of experience, I specialize in driving strategic financial direction, operational efficiencies, and sustainable growth within the manufacturing sector. My journey has been defined by a relentless pursuit of excellence in finance & accounting management, business process re-engineering, and strategic planning—all aimed at transforming organizations to achieve their highest potential. I have consistently demonstrated my ability to lead cross-functional teams in implementing innovative financial systems, optimizing working capital management, and spearheading cost-reduction initiatives. From building new business avenues to automating financial information systems, I believe in leveraging technology and forward-thinking strategies to drive operational transformation and ensure long-term success.My leadership philosophy is grounded in fostering a culture of continuous improvement, accountability, and collaboration. I excel in aligning key stakeholders, fostering strategic alliances, and ensuring that every financial decision is made with a view to delivering sustainable growth and increasing organizational value. At present, I am serving as the Chief Financial Officer (CFO) at BRFL Textiles Pvt. Ltd, where I lead the company’s financial functions, driving strategic initiatives to improve profitability, streamline processes, and enhance business performance.I’m passionate about connecting with fellow executive leaders, business transformation experts, and innovators to share insights, collaborate on best practices, and explore new opportunities for growth. My focus is always on creating a lasting impact through transformational leadership and delivering exceptional value in every aspect of business.If you share a similar commitment to reimagining business models, driving digital transformation, and fostering a culture of innovation, I’d love to connect and exchange ideas.

Experience

1. Chief Financial Officer

   Brfl Textiles Private Limited Btpl

   Feb 2023 — Present · Mumbai, IN

   As CFO of BRFL Textiles Pvt Ltd, I lead the company’s financial and strategic transformation, with a strong focus on sustainable growth, operational efficiency, and profitability. I have successfully guided financial restructuring initiatives to enhance capital reserves and position BRFL for long-term success. By optimizing cost structures and improving working capital management, I have driven significant improvements in both profitability and operational performance. I have championed digital transformation, integrating advanced ERP systems and real-time reporting tools to streamline operations and foster data-driven decision-making. Additionally, I implemented a comprehensive risk management framework to ensure business continuity and regulatory compliance. A key aspect of my role has also been driving structured finance initiatives and managing change, particularly in shifting legacy operational practices to align with industry best practices. By building and mentoring a high-performing finance team, I ensure the successful execution of our vision and support BRFL’s future growth.

Education

• The Institute of Chartered Accountants of India

  Chartered Accountant

  1995 — 1998

• Mithibai College of Arts Chauhan Institute of Science and Amrutben Jivanlal College of Commerce and Economics

  Bachelor's Degree, Business/Commerce, General

  1992 — 1996

• Sheth N L High School

  High School

  1982 — 1991

Skills

• Statutory Compliances
• Leadership Skills
• Strategic Planning
• Business Planning
• Management
• Mis
• Resource Mobilization / Optimization
• Management Consulting
• Time Management
• Auditing / Internal Controls
• Business Development
• Business Analysis
• Cash Flow Management
• Strong Communication
• Client Relationship Management
• Budgeting/Cost Control
• People Management
• Management Consultancy
• Leadership