Parul Garg

Finance professional with 5+ years of experience across FP&A, budget governance, and credit analysis in the aviation and financial services sectors. Skilled in financial analysis, MIS reporting, variance analysis, cost optimisation, and evaluating business performance to support strategic decision-making and risk assessment.

Assistant Manager, Finance Controller at Akasa Air (2025-12 – Present)

• Own FP&A and budget governance for the IT function - managing a ~₹200 Cr annual budget across ~100 cost lines, producing monthly MIS and management reports, conducting variance analysis, and presenting financial performance
• Designed and implemented monthly cost tracking frameworks; identified cost leakages of ~₹25 lakhs and delivered process improvements generating ₹30–40 lakhs in annualised savings - improving cost efficiency and spend discipline for the function.
• Evaluate 80+ vendor contracts and 20+ business case proposals for financial risk, commercial viability, and budget adherence; serve as Finance SPOC for IT spend governance, PO approvals, and financial impact assessment of all departmental policies.
• Partner with cross-functional Finance Controllers to evaluate software spends, understand business requirements, and coordinate with the IT function to ensure financial oversight and budget alignment across the organization

Senior Analyst, LCG-Financial Sector at Crisil Ratings (2023-04 – 2025-12)

• Led end-to-end financial analysis for 25+ NBFCs across segments — evaluating operational efficiency, financial health, and liquidity across 50+ mandates covering Rs 1L+ Cr in instruments
• Built and maintained sector-wide financial databases, conducted industry research, and applied forecasting techniques to evaluate performance trends and credit outlooks
• Monitored MFI and gold loan sectors closely — tracking asset quality trends, evolving regulations, and credit outlooks while assessing product nuances, collateral buffers, and LTV metrics
• Established executive-level client relationships with CXOs, Boards of Directors, and finance leadership - managing strategic conversations on financial performance, risk outlook, and sector matters through regular investor calls and client engagements
• Delivered analytical insights to senior stakeholders through financial models, peer benchmarking, sector research, stakeholder presentations, and press releases - translating complex financial data into clear business narratives
• Authored 50+ analytical reports and rationales; created and maintained comprehensive sector databases to support ongoing coverage and ad-hoc requirements
• Awarded the Quarterly Analytical Excellence Award for MFI analysis and the Spot Award for gold loan sector insights, with a front-page Economic Times feature

Summer Intern, NAG-Finance at Dr. Reddy's Laboratories (2022-04 – 2022-06)

• Built a multi-level cost hierarchy structure to understand cost parameters and identify major drivers
• Developed a freight analysis framework identifying potential savings of USD 7.5 million; proposed a complementary capacity utilisation solution projected to save an additional USD 2.3 million
• Built a model using clustering that stratified IP legal fees to unfold 60% of the time invoiced by vendors

Business Analyst, CEO's Office at Svamaan Financial Services (2019-06 – 2021-07)

• Appointed as authorised banking signatory alongside the CEO and Head of Finance - demonstrating ownership of financial controls, and treasury exposure
• Managed treasury operations - tracking debt repayments and managing banking documentation across the lending portfolio
• Assisted the CEO with internal and external data analysis; prepared content for board presentations using Tableau, translating operational and financial data into business insights
• Collaborated in preparing monthly, quarterly, and annual financial statements, while building financial models to support rolling equity and debt fundraising requirements
• Scrutinised repayment schedules of ~25,000 customers across 30,000+ loans; assessed creditworthiness of prospective and existing clients against the company's credit policy
• Conducted district-level market analysis for operations expansion combining internal performance metrics with external intelligence to support strategic decision-making
• Automated reporting processes by developing SQL queries and Excel templates; while leveraging Tableau for data visualisation

Post Graduate Diploma in Management in PGDM – MDI (2021 – 2023)

Bachelor of Commerce in Honours – SRCC (2016 – 2019)