CA. Ranjeet Kumar Agarwal, President, ICAI (2024-25)

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CA. Ranjeet Kumar Agarwal
President, ICAI (2024-25)

A seasoned professional with strong organizational skills, having a penchant for excellence and an academic acumen, CA. Ranjeet Kumar Agarwal ascends to the esteemed position of the 72nd President of the Institute of Chartered Accountants of India for the year 2024-25. His longstanding affiliation with the institute spans epochs, having been chosen for three consecutive Council terms say 23rd, 24th, and 25th Central Councils preceded by two consecutive terms in Regional Council. Demonstrating enthusiasm and commitment to keeping pace with technological advancements, he actively engages in the integration of Artificial Intelligence & Automation, to build futuristic workplace and workforce by emphasizing on continuous training, upskilling, and reskilling. CA. Ranjeet Kumar Agarwal's proactive work approach and unwavering commitment to embracing innovative concepts, exemplified by his fervent utilization of modern technologies, establish him as a guiding force and a source of inspiration for all.

While serving as the Central Council Member since 2016 and then as Vice-President in 2023-24, he has led the profession from front and shown his unwavering commitment to the profession. During his Chairmanship, EIRC has received the coveted award for being the Best Regional Council. His approach and guiding principle are to keep the Nation First and profession first in all his endeavors. In all his stints, he has led initiatives to build trust, confidence, and leadership. As the erstwhile Chairman of the Professional Development Committee, he played a pivotal role in the successful implementation of initiatives such as UDIN and Bank Branch Audit Allocation Software, marking significant milestones for the Institute. Furthermore, his instrumental role in extending UDIN implementation to SAARC countries underscores his global impact. Mr. Agarwal's tenure as the Chairman of the Ethical Standards Board saw the formulation of a new Code of Ethics after a decade, a testament to his expertise and commitment to upholding ethical standards within the profession.

With a view to propel India ahead, he initiated the CA Business Leaders 40 under 40 campaign (Season 1 & 2) to build leaders for tomorrow, recognizing and celebrating the achievements of 40 young CA professionals under the age of 40, highlighting his commitment to fostering excellence and innovation within the industry.

Envisioning a future with tremendous prospects, the growth of the profession's infrastructure is being strengthened across the country. During his tenure as the Vice-President of the Institute, the Policy of Centre of Excellence has been approved, planning 9 more COEs across India taking total to 11 and aimed to maximize the utilization of COEs.

As President of ICAI, CA. Ranjeet Kumar Agarwal is now by the virtue of his post the Chairman of all the Standing Committees, i.e., Executive, Finance, Disciplinary and Examination Committees, Ex-officio member of all Non-standing Committees, and Editor of ICAI Journal, The Chartered Accountant. He also Chairs the ICAI research wing Accounting Research Foundation (ICAI ARF), Extensible Business Reporting Language (XBRL) India and three funds for the welfare of CA fraternity such as Chartered Accountants’ Benevolent Fund (CABF), Chartered Accountants Students Benevolent Fund (CASBF), and S. Vaidyanath Aiyar Memorial Fund. He is also the Director on the Board of the Institute of Social Auditors of India (ISAI).

Continuing to advance the role of the Institute of Chartered Accountants of India as a partner in the nation's development, while serving as President ICAI, CA. Ranjeet Kumar Agarwal is supporting the Government and Regulators as a Member of the Government Accounting Standards Advisory Board (GASAB) and Audit Advisory Board both formed by the C&AG of India, Insurance Advisory Committee and Board of Insurance Regulatory and Development Authority of India (IRDAI) and SEBI’s Primary Market Advisory Committee.

CA. Ranjeet Kumar Agarwal has been passionately representing India and the profession on various international forums and at several global meetings and conferences, striving to position India as a Global Accounting Hub. Currently, he is the Technical Advisor to the ICAI’s Nominee on the IFAC Board, and member on International Panel on Accountancy Education (IPAE) Group of IFAC, besides being a Board member of SAFA (South Asian Federation of Accountants). Also, he represents ICAI on the Integrated Reporting and Connectivity Council (IRCC) and Board meetings of the Pan African Federation of Accountants (PAFA) and ASEAN Federation of Accountants (AFA).

CA. Ranjeet Kumar Agarwal, a graduate from Calcutta University, has attained exceptional heights through his remarkable actions. He now strides forward, assuming the charge of President of ICAI, adorned with his accomplishments and propelled by the vision of manifesting the aspirations encapsulated in India@2047. In this pursuit, he endeavors to further elevate India's stature on the global stage, envisaging its ascent to becoming an eminent economy, thereby illuminating the world with its brilliance.