Swaroop Devulapalli
About Swaroop Devulapalli
Swaroop Devulapalli serves as the APAC Statutory CFO at Ocwen Financial Solutions Pvt. Ltd. in Bengaluru, India, a position he has held since 2017. He has extensive experience in finance and taxation, having previously worked at Altisource and holds multiple professional qualifications including Chartered Accountant and CMA.
Work at Ocwen Financial
Swaroop Devulapalli has served as the APAC Statutory CFO at Ocwen Financial Solutions Pvt. Ltd. since 2017. In this role, he is responsible for overseeing statutory financial compliance and reporting for the Asia-Pacific region. His tenure at Ocwen has spanned seven years, during which he has contributed to the financial governance and strategic financial planning of the organization in the Bengaluru Area, India.
Previous Experience at Altisource
Before joining Ocwen, Swaroop Devulapalli worked at Altisource in various capacities. He served as Manager of Taxation from 2011 to 2013 and then advanced to the role of Senior Manager, Finance & Tax from 2013 to 2015. His responsibilities included managing tax compliance and financial operations, contributing to the overall financial strategy of the organization during his time there.
Education and Expertise
Swaroop Devulapalli holds multiple qualifications in finance and accounting. He completed the Senior Leaders Programme at the Indian Institute of Management Ahmedabad in 2017, focusing on Corporate Finance, Corporate Strategy, and Project Risk Management. He is also a Chartered Accountant and a Certified Management Accountant, having studied at The Institute of Chartered Accountants of India and the Institute of Cost Accountants of India, respectively. His educational background provides a strong foundation for his expertise in finance and taxation.
Professional Achievements
Swaroop Devulapalli has a notable track record in financial compliance and taxation. He successfully concluded six assessments under the Mutual Agreement Procedure of the Indo-US Double Taxation Avoidance Agreement (DTAA). He played a key role in setting up operations in the Philippines under the Philippine Economic Zone Authority (PEZA) and implemented the Tax/GST Module in Oracle Fusion ERP. Additionally, he has managed GST/Service Tax refunds for Software Technology Parks of India (STPI) units and exemptions for Special Economic Zone (SEZ) units.
Background and Early Education
Swaroop Devulapalli's early education includes schooling at Thapar Vidya Vihar from 1986 to 1998, followed by studies at Ravindra Residential College, where he focused on Mathematics, Physics, and Chemistry. He later pursued a Bachelor of Commerce at Acharya Nagarjuna University from 2000 to 2003. His foundational education has contributed to his analytical skills and understanding of financial principles.