Summary
Overview
Work History
Education
Skills
Key Achievements
Personal Information
Timeline
Generic

DEVENDRA VYAS

Chief Financial Officer
Mumbai

Summary

Accomplished Chief Financial Officer with over 20 years of leadership experience driving financial strategy, turnaround initiatives, and sustainable growth in manufacturing and export industries. Proven expertise in fundraising, financial restructuring, cost optimization, and investor relations for listed entities. Adept at aligning financial operations with corporate vision, leading cross-functional teams, and enhancing shareholder value. Skilled in strategic planning, risk management, SAP implementation, and board-level financial advisory, with a strong track record of delivering measurable results in dynamic and challenging environments.

Overview

24
24
years of professional experience
1998
1998
years of post-secondary education
3
3
Languages

Work History

Chief Financial Officer

VIP Clothing Ltd.
03.2012 - Current
  • Company Overview: Leading manufacturer and exporter in the innerwear and loungewear industry, with prominent brands like VIP, Frenchie, Feelings, Eminence, Leader, and Brat. The company serves a global market, driving steady revenue growth and focusing on delivering innovative, high-quality products across multiple retail channels.
  • Developed and implemented business financial planning processes, including budget development, cash flow forecasts, and strategic projections.
  • Directed the preparation and analysis of financial statements, MIS reports, and Board-level financial reporting.
  • Oversaw statutory, internal, and management audits, ensuring full regulatory compliance.
  • Managed SAP-based financial systems, enhancing reporting accuracy and control.
  • Partnered with business units to align financial strategies with operational goals.
  • Designed internal controls and risk management frameworks to support governance.
  • Ensured accurate financial reporting, maintaining compliance with IND AS, SEBI LODR regulations, Companies Act, 2013 and internal policies.
  • Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
  • Ensured end-to-end compliance with Income Tax and GST regulations, including accurate filings, timely payments, and audit readiness in accordance with applicable laws.
  • Negotiated favorable credit terms with banks for increased borrowing capacity and reduced interest expenses.

Finance Manager

Parksons Graphics
08.2009 - 03.2012
  • Company Overview: One of India's largest manufacturers and exporters of printing products, including commercial printing, packaging, and playing cards. The company’s market reach spans numerous countries, catering to high-volume clients in various industries.
  • Supervised end-to-end accounting functions, ensuring timely finalization of accounts in compliance with Indian regulatory standards.
  • Managed direct and indirect taxation matters, including tax planning, advance tax calculation, TDS compliance, and e-filing of returns.
  • Prepared and analyzed key MIS reports, including monthly profitability, balance sheets, cash flow statements, and fund flow analysis.
  • Oversaw treasury operations, forward contract bookings, buyer’s credit arrangements, fund management, and liaising with banks for fund-based and non-fund-based facilities.
  • Coordinated with external agencies to obtain credit ratings from CRISIL and ICRA for ongoing operations and new projects.
  • Streamlined financial processes to enhance operational efficiency and ensured adherence to internal financial controls.

Manager Accounts

Prince Pipe & Fittings Pvt. Ltd.
04.2007 - 08.2009
  • Company Overview: Leading manufacturer and exporter of UPVC pipes, fittings, valves, and PP-R plumbing systems, with ISO 9001 certification. The company operates in 50+ countries, serving major players in the construction and plumbing sectors.
  • Led financial accounting and compliance functions, ensuring timely finalization of accounts and full regulatory adherence across Service Tax, TDS, Income Tax, and VAT.
  • Controlled costs to keep business operating within budget and increase profits.
  • Managed direct and indirect tax compliance, advance tax planning, and assessments, while optimizing tax liabilities.
  • Managed budgets effectively, ensuring optimal financial performance while investing in necessary resources for business growth.
  • Produced monthly profitability reports, balance sheets, and management reports to drive data-based decision-making.

Account Officer

J.K. White Cement Works
10.2004 - 03.2007
  • Company Overview: Part of J.K. Cement Ltd., is a leading manufacturer of white cement and wall putty in India. The company operates with a strong export presence and holds ISO certifications (9001, 14001, 8000), serving customers in over 30 countries.
  • Supervised sales accounting, accounts receivable management, inventory controls, and depot accounting processes.
  • Handled income tax, TDS, and FBT compliance, ensuring timely payments and filings.
  • Coordinated monthly MIS reporting, fund planning, internal audits, and statutory audit preparations.

Accounts officer

Unimin India Ltd.
11.2001 - 09.2004
  • Company Overview: 100% EOU engaged in production & exports of non-woven fabrics.
  • Managed full-spectrum accounting, taxation compliance, and internal financial controls.

Education

Chartered Accountant -

The Institute of Chartered Accountants of India
Delhi, India
04.2001 - 05.2006

Master of Commerce - Business Administration

Jai Narayan University
Jodhpur, India
04.2001 - 01.1998

Bachelor of Commerce -

Jai Narayan University
Jodhpur, India
01-1996

Skills

  • Financial Strategy & Planning

  • Fundraising & Investor Relations

  • Financial Reporting & Analysis

  • Cost Optimization & Efficiency

  • Leadership & Team Management

  • Strategic Business Partnering

  • Corporate Governance & Compliance

  • ERP & Financial Systems Implementation

  • Taxation & Direct Tax Planning

  • Budgeting & Cash Flow Optimization

Key Achievements

  • Spearheaded a successful financial turnaround, moving the company from losses to profitability through focused planning and disciplined execution.
  • Led a major infusion of growth capital by issuing equity and warrants for a listed company, while engaging transparently with investors to strengthen confidence and fund expansion.
  • Rolled out cost-saving and efficiency initiatives that significantly reduced overheads and boosted profit margins.
  • Orchestrated a significant reduction in finance costs through the strategic restructuring of borrowings using foreign currencies and leveraging hedging strategies such as forward contracts.
  • Improved cash flow by streamlining the working capital cycle, optimizing receivables, payables, and inventory, which strengthened liquidity and operational efficiency.
  • Built a structured investor communication strategy, which enhanced transparency and reinforced market trust.
  • Oversaw the successful implementation of SAP, improving data accuracy and speeding up monthly financial reporting, helping the team make quicker, informed decisions.
  • Developed financial planning and forecasting, aligning them with long-term business goals, which helped improve forecasting and overall decision-making.
  • Maintained strong compliance with statutory and internal audits, ensuring clean audit reports year after year and demonstrating the company’s commitment to financial integrity.

Personal Information

  • Date of Birth: September 21, 1975
  • Marital Status: Married

Timeline

Chief Financial Officer

VIP Clothing Ltd.
03.2012 - Current

Finance Manager

Parksons Graphics
08.2009 - 03.2012

Manager Accounts

Prince Pipe & Fittings Pvt. Ltd.
04.2007 - 08.2009

Account Officer

J.K. White Cement Works
10.2004 - 03.2007

Accounts officer

Unimin India Ltd.
11.2001 - 09.2004

Chartered Accountant -

The Institute of Chartered Accountants of India
04.2001 - 05.2006

Master of Commerce - Business Administration

Jai Narayan University
04.2001 - 01.1998

Bachelor of Commerce -

Jai Narayan University

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DEVENDRA VYASChief Financial Officer