Bengaluru, Aug 17: Excelsoft Technologies Limited, a provider of technology-driven learning and assessment solutions, is pleased to announce the appointment of Mr. Poonacha Paruvangada as Chief Financial Officer, effective following the Board’s approval. With three decades of experience in strategic financial management, treasury, taxation, mergers and stakeholder management, Mr. Paruvangada will play a key role in strengthening Excelsoft’s financial strategy as the company enters its next phase of growth.
Mr. Poonacha Paruvangada is a seasoned finance professional and Chartered Accountant with 30 years of post-qualification experience, bringing extensive expertise across financial management, treasury, taxation, compliance, mergers and strategic business planning.
Prior to joining Excelsoft Technologies, Mr. Paruvangada was associated with India Cements Limited, where he has been serving as Vice President- Finance & Accounts since March 2024. He has been involved in integrating the cement business into UltraTech following the takeover in January 2025.
He spent nearly 28 years with United Breweries Limited, where he progressed from Management Trainee to Executive- Finance, Head of Treasury, Vice President- Finance & Accounts and ultimately CFO/Head of Finance. During his tenure, he led finance operations across multiple entities, including accounting, consolidation, statutory reporting and treasury.
His experience includes managing finance operations across 30 breweries and four regional offices, leading a team of approximately 130 accountants, and working closely with senior management, Boards, Audit Committees, investors, banks and financial institutions. He also handled quarterly investor calls, prepared performance presentations and managed finance, tax and statutory matters for Board proceedings.
Mr. Paruvangada has been instrumental in several strategic initiatives during his career, including the merger of brewing entities into a single legal entity, restructuring of procurement and taxation models, and optimisation of treasury and funding operations. His GST restructuring initiatives resulted in savings of approximately ₹100 crore annually through optimization of key ingredient tax structures.
A Chartered Accountant from the Institute of Chartered Accountants of India, Mr. Paruvangada completed his CA qualification in 1995 in his first attempt. He is also a Cost Accountant and holds a Bachelor of Commerce degree from St. Joseph’s College of Commerce, Bengaluru.
“Poonacha joins us at an important inflection point for Excelsoft Technologies. As we scale our global operations and pursue the opportunities ahead, robust financial leadership, disciplined capital allocation and strong governance will be increasingly important to our success. His breadth of experience and strategic perspective will strengthen these capabilities and complement our growth ambitions. We are confident that his leadership will help us build the financial and organisational resilience needed to scale sustainably and create long-term value for our customers, employees and stakeholders.”– Dhananjaya Sudhanva, Chairman & Managing Director, Excelsoft Technologies Limited
“I am excited to join Excelsoft Technologies at a pivotal stage in its growth journey. The company’s technology strengths, global customer base and product portfolio provide a strong platform for significant expansion. My focus will be on enabling that growth through disciplined capital allocation, profitable scale, stronger financial governance and a strategic approach to both organic and inorganic opportunities. I look forward to partnering with the leadership team to build a resilient, scalable and globally competitive business that delivers sustainable long-term value.”–Poonacha Paruvangada, Chief Financial Officer, Excelsoft Technologies Limited
Strategic Priorities
In his new role, Mr. Paruvangada will focus on key areas that support Excelsoft’s next phase of growth:
• Driving profitable growth: Supporting the company’s objective of increasing scale while maintaining a balanced focus on revenue growth and profitability
• Enabling organic and inorganic expansion: Strengthening financial frameworks and strategic decision-making to support both organic growth and potential inorganic opportunities
• Strengthening financial governance: Building on robust financial reporting, risk management, compliance and stakeholder engagement practices as Excelsoft continues to scale as a listed company
• Supporting global expansion: Leveraging Excelsoft’s strong international customer base and global revenue profile to support the company’s expansion into larger markets and opportunities
• Enabling larger business opportunities: Supporting the company’s growth in scale and financial readiness to position Excelsoft to compete for larger global businesses
