The Institute of Chartered Accountants of India (ICAI) witnessed a significant transition on February 12, 2024, as it elected its new President and Vice-President for the term 2024-25.
CA. Ranjeet Kumar Agarwal has been elected as the President of ICAI, while CA. Charanjot Singh Nanda assumes the role of Vice-President, effective from February 12, 2024.
CA. Ranjeet Kumar Agarwal, President, ICAI (2024-25)
A distinguished professional renowned for his organizational prowess and academic excellence, CA. Ranjeet Kumar Agarwal steps into the prestigious role of the 72nd President of The Institute of Chartered Accountants of India for the year 2024-25. With an extensive history of service to the institute, including consecutive terms in the Central Council and Regional Council, CA. Agarwal has demonstrated a proactive approach to integrating modern technologies like artificial intelligence and automation to foster a forward-thinking workplace and workforce.
His tenure as Vice President in 2023-24 showcased his unwavering commitment to the profession, marked by initiatives such as the successful implementation of UDIN and Bank Branch Audit Software. Notably, his leadership as Chairman of the Ethical Standards Board resulted in the formulation of a new code of Ethics after a decade, emphasizing his dedication to upholding ethical standards within the profession.
Under his guidance, initiatives like the CA Business Leaders 40 under 40 campaign were launched to recognize and celebrate the achievements of young CA professionals, highlighting his commitment to nurturing excellence and innovation within the industry.
As President of ICAI, CA. Ranjeet Kumar Agarwal now assumes leadership of all Standing Committees, including Executive, Finance, Disciplinary, and Examination Committees. He also holds key positions in non-standing committees and editorial roles within the institute, further solidifying his influence in shaping the profession’s trajectory.
Beyond national borders, CA. Agarwal’s representation of India and the profession on international platforms underscores his commitment to positioning India as a Global Accounting Hub. His technical advisory roles and board memberships in global accounting bodies reflect his dedication to advancing the profession on a global scale.
CA. Charanjot Singh Nanda, Vice-President, ICAI (2024-25)
CA. Charanjot Singh Nanda, a stalwart in the field of Chartered Accountancy, assumes the role of Vice-President of ICAI for the year 2024-25. With a career spanning over three decades, his contributions to the profession are extensive and multifaceted.
Having served in various capacities within ICAI, including chairmanship of numerous committees, CA. Nanda brings a wealth of experience and expertise to his new role. His involvement in quality review boards, advisory committees, and expert groups demonstrates his commitment to ensuring the highest standards within the profession.
An accomplished writer and speaker, CA. Nanda has actively contributed to professional discourse through his participation in programs and events organized by ICAI and its regional councils. His dedication to advancing the profession’s interests is evident in his diverse portfolio of responsibilities and engagements.
About ICAI
The Institute of Chartered Accountants of India (ICAI) stands as a beacon of excellence in the field of accountancy. Established by an Act of Parliament, ICAI is tasked with regulating and developing the profession of Chartered Accountancy in India. With a vast network of students and members, both domestically and internationally, ICAI plays a pivotal role in shaping the accounting landscape.
The affairs of ICAI are overseen by a council comprising elected and nominated members, ensuring governance in line with statutory provisions. With a tradition of service spanning decades, ICAI continues to uphold its mandate of fostering professional growth and contributing to the nation’s development.
As CA. Ranjeet Kumar Agarwal and CA. Charanjot Singh Nanda assume their roles as President and Vice-President of ICAI, respectively, they embark on a journey to further elevate the institute’s standing and steer the profession towards new horizons of success and excellence.
