Parag Naik

Parag Naik is an experienced procurement and vendor management professional with over two decades of expertise in various industries, including banking and finance. Currently serving as Head of Procurement and Payments at Utkarsh Small Finance Bank since February 2023, Parag previously held the position of AVP-Director of Vendor Management at GP Strategies Corporation, where responsibilities included managing a team of over 24 FTEs, overseeing procurement operations, and driving operational improvements. Earlier roles at Genpact and HSBC involved developing procurement strategies, managing supplier relationships, and achieving significant cost savings. Parag's foundational experiences include key positions at HDFC Standard Life Insurance, Wipro Infotech, ICICI Bank, and Atlas Copco, where achievements in cost optimization, contract management, and process improvements were noted. Parag holds a Post Graduate Diploma in Business Administration from K J Somaiya Institute of Management and a Bachelor of Engineering in Production Engineering from Fr. Conceicao Rodrigues College of Engineering.