The Institute of Chartered Accountants of India (ICAI) has elected CA. Charanjot Singh Nanda as its President and CA. Prasanna Kumar D as its Vice-President for the term 2025-26. The oath of office was administered by Shri Arjun Ram Meghwal, Minister of State (I/C) for Law & Justice and Parliamentary Affairs, on February 12, 2025. The Minister extended his congratulations, expressing confidence in their leadership in contributing to India’s economic growth.
ICAI, established under the Chartered Accountants Act, 1949, operates under the Ministry of Corporate Affairs and is the world’s largest professional accountancy body. It has over 4 lakh members and nearly 9.85 lakh students. The institute manages its affairs through a 40-member Council, comprising 32 elected members and 8 government nominees. With 5 Regional Councils, 177 branches in India, and an international presence across 47 countries, ICAI plays a significant role in regulating and developing the Chartered Accountancy profession.
Public Relations Committee
The Institute of Chartered Accountants of India
12th February, 2025
ICAI elects New Torchbearers for the year 2025-26
CA. Charanjot Singh Nanda
President, ICAI (2025-26) |
CA. Prasanna Kumar D
Vice-President, ICAI (2025-26) |
The 26th Council of the Institute of Chartered Accountants of India (ICAI) today elected its new President & Vice-President for the term 2025-26.
CA. Charanjot Singh Nanda has been elected as the President, ICAI and CA. Prasanna Kumar D has been elected as the Vice-President, ICAI w.e.f. February 12, 2025.
The oath of office was administered by Shri Arjun Ram Meghwal, Hon’ble Minister of State (I/C) for Law & Justice and Parliamentary Affairs. On the occasion, the Hon’ble Minister congratulated the newly elected President and Vice-President, ICAI and said, “I am confident that under your able leadership, India will move closer to realizing the vision of Hon’ble Prime Minister Shri Narendra Modi Ji to become the world’s third-largest economy.”
Brief Profile – CA. Charanjot Singh Nanda, President, ICAI (2025-26)
An ardent wordsmith and an eloquent orator with the thought process of a societal benefactor, CA. Charanjot Singh Nanda, FCA, has been elected as the 73rd President of the Institute of Chartered Accountants of India for the term 2025-26. CA. Charanjot Singh Nanda is indeed humility personified.
CA. Charanjot Singh Nanda, a distinguished Fellow Member, has been a practicing Chartered Accountant for the last 34 years since 1991. Exhibiting outstanding academic acumen, he attained his Bachelor of Commerce degree from M.L.N. College in 1987, consistently securing a position on the Merit List at Kurukshetra University throughout his undergraduate studies. Furthermore, he secured 35th rank in the CA Inter Examination and attained his Chartered Accountancy qualification in 1991. During the years 2002-2003, he was elected Chairman of the Northern India Regional Council (NIRC) of ICAI. CA. Charanjot Singh Nanda was elected to the Central Council of ICAI in 2004, has already served six terms. During the year 2024-25, he was elected as Vice President and then, during his 7th (seventh) term as Central Council member, for the year 2025-26, he has become 73rd President of this worldwide renowned and largest professional body of Chartered Accountants.
Throughout his illustrious professional career, he has been the chairman of many committees and garnered notable achievements. With the vision to build the thought leadership of Internal Audit, he served as the Chairman of the Internal Audit Standards Board for several years. With his guidance, knowledge, expertise and skills, he has promoted exchange of ideas and dialogue between the Institute and the Chartered Accountants in industries while he served as Chairman of the Committee for Members in Industry and Business.
He served as first Chairman of the Women Members Empowerment Committee of ICAI and encouraged innumerable women CA’s to achieve their goals, who are now setting an example in Chartered Accountant Profession. He also chaired the Committee for Co-operatives and NPO Sectors and has been one of the forces behind AML Compliance which will be of great help for Chartered Accountants.
Under his chairmanship of the Digital Accounting and Assurance Board, the Board has issued Forensic Accounting, and Investigation Standards (FAIS). This innovation showcased ICAI as the first accounting body in the world that issued standards in the area of Forensic Accounting & Investigation. Further, under his Chairmanship, DAAB came up with an idea of Digital Assurance. Leading the mind child of CA. Charanjot Singh Nanda, SEBI proposed a separate report on digital assurance of financial statements issued by listed companies for public comments.
CA. Charanjot Singh Nanda also served as the Chairman of the Continuing Professional Education Committee, Committee on Financial Markets & Investors Protection, Public Relations Committee and Research Committee.
CA. Charanjot Singh Nanda advocates holistic growth of the institution and represented ICAI at various national and international platforms. He has represented the Institute as a member of various committees constituted by the Govt. and regulatory bodies like the Quality Review Board, SEBI Advisory Committee on Primary Market (2007-2010) & Committee on Mutual Funds (2007-2010), SEBI Committee on Disclosures and Accounting Standards (SCODA), Expert Committee of SEBI to facilitate ease of doing business and harmonization of the provisions of ICDR and LODR Regulations, Convener of the Expert Group constituted by the Ministry of Corporate Affairs on Investor Protection.
Representing ICAI on the global stage, CA. Charanjot Singh Nanda also served as the Chairman of the South Asian Federation of Accountants (SAFA) Committee on Information Technology and Committee on Education, Training and CPD. He has also been a Member of the South Asian Federation of Accountants (SAFA) on the International Relations Committee and Committee for Improvement in Transparency, Accountability & Governance. He has also represented ICAI on platforms like Association of Certified Fraud Examiners (ACFE) and Institute of Internal Auditors (IIA).
In the capacity of Vice President, he has been nominated as the ex-officio nominee of the ICAI on Standing Committee on Accounting Issues (SCAI) of IRDAI and as the Member for the Committee on Corporate Governance Guidelines for Insurers in India. He has also been elected as the ICAI’s representative on the Dedicated Cell on Services Trade Restrictiveness Index (STRI) constituted by Ministry of Corporate Affairs for possible reform measures under STRI and monitor developments in this regard in coordination with Department of Commerce.
Other nominations include his nomination on the Associated Chambers of Commerce and Industry of India (ASSOCHAM), National Council on Capital Market and as the ICAI’s representative on Regional Direct Taxes Advisory Committee formed under Central Board of Direct Taxes (CBDT) at New Delhi.
As the President of ICAI, CA. Charanjot Singh Nanda is now, by virtue of his post, the Chairman of all the Standing Committees, i.e., the Executive, Finance, Disciplinary and Examination Committees, Ex-officio member of all the Non standing Committees, and the Editor-in-chief of the 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 the CA fraternity namely the 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), ICAI Registered Valuers Organisation (ICAI RVO) and The Indian Institute of Insolvency Professionals of ICAI (IIIPI).
CA. Charanjot Singh Nanda is an individual who embraces change with agility. His extensive tenure with the Institute underscores his adeptness in management and strategy. Beyond having an illustrious career, he is a great human being having great love and compassion for his peers and juniors and is highly regarded amongst the CA fraternity.
Brief Profile – CA. Prasanna Kumar D, Vice-President, ICAI (2025-26)
A visionary leader and a stalwart professional, CA. Prasanna Kumar D from Visakhapatnam, Andhra Pradesh (Southern India Regional Council) has been elected as the Vice-President of The Institute of Chartered Accountants of India (ICAI)—the world’s largest professional body of Chartered Accountants, for the year 2025-26.
An erudite, CA. Prasanna Kumar D holds a Bachelor’s degree in Zoology from the prestigious Loyola College, Chennai and an M.A. in Sociology from Sri Venkateswara University, Tirupati. His brilliance shone early on, securing a rank in the CA Inter Examination completed his Chartered Accountancy in 1984.
A fellow Member of ICAI with more than three decades of experience, CA. Prasanna Kumar D was elected to the Central Council of ICAI for the three consecutive terms (24th Council; 25th Council and 26th Council) playing a pivotal role in shaping policies and guiding ICAI’s strategic direction.
His leadership journey saw him serve as Chairman of the Visakhapatnam Branch (2001- 2002), followed by an impactful tenure at the Southern India Regional Council (2007-2016), where he rose to Chairman of the region in 2013-14.
A sought-after speaker, he has delivered insightful lectures on Bank Audits, Company Law, Ethical Standards, Industrial Policies, and Budget Analysis at numerous ICAI seminars and conferences.
Beyond the world of finance, CA. Prasanna Kumar D is a passionate sports enthusiast. A skilled volleyball player, he has actively led and supported various state-level sports bodies, promoting athletic excellence alongside professional pursuits.
About ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountancy in India. The Institute functions under the administrative supervision of the Ministry of Corporate Affairs, Government of India. With around 9.85 lakh students and over 4 lakh members, today ICAI is the largest professional accountancy body in the world. ICAI has a wide network of 5 Regional Councils and 177 Branches within India and a global presence with 52 Overseas Chapters and 33 Representative Offices spanning 85 cities across 47 Countries worldwide.
The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Ministry of Corporate Affairs, Ministry of Finance, Securities and Exchange Board of India and other stakeholders.
