TOP 10 RICHEST CAs IN INDIA

In this post, I am going to tell you TOP 10 Richest CAs in India.

• Kumar Mangalam Birla —>  Kumar Mangalam Birla ,born on 14th June 1967 in Kolkata (West Bengal). He is an Indian billionaire industrialist, philanthropist, and the chairman of the Aditya Birla Group. He is the chancellor of the Birla Institute of Technology & Science and ex-chairman of Indian Institute of Management Ahmedabad. He has an estimated net worth of US$17.6 billion and become the 7th richest person in India.

He completed his BCom from University of Mumbai and MBA from London Business School.

• Deepak Parekh—>  Deepak Parekh stands tall among the Richest Chartered Accountants in India, serving as the Chairman of HDFC Group, a leading housing finance company. 

Beyond his business acumen, Parekh is a staunch advocate for corporate social responsibility, asserting that companies should give back to society, considering the welfare of all stakeholders, not just shareholders. Actively engaged in advisory roles for prominent organizations like the Indo-US CEO Forum and the City of London – Finance Committee, Parekh’s expertise extends globally. 

Recognized for his outstanding contributions, he has received esteemed awards, including the Padma Bhushan in 2006, solidifying his position as a distinguished figure in the realm of India’s wealthiest chartered accountants.In this post I am going to tell you about Top 10 Richest CAs in India.

• Rakesh Jhunjhunwala—> Rakesh Radheyshyam Jhunjhunwala was born on 5th July 1960 in Hyderabad, Andhra Pradesh (currently in Telengana). He was an Indian billionaire investor, stock trader, and Chartered Accountant. He began investing in 1985 with a capital of ₹5,000, with his first major profit in 1986. At the time of his death, he had an estimated net worth of US$5.8 billion, making him the 438th richest person in the world. He was a partner in his own asset management firm, Rare Enterprises. He was also a co-founder of Akasa Air. He was often referred to as the "Big Bull of India", and was widely known for his stock market predictions and bullish outlooks. He was died on 14th Aug 2022 at the age of 68.

•Motilal Oswal—>  Motilal Oswal, a Chartered Accountant turned Founder and Managing Director of Motilal Oswal Financial Services Ltd., stands out prominently among India’s Richest Chartered Accountants. 

Commencing his business journey in 1987, Oswal’s financial success is underscored by receiving the “Rashtriya Samman Patra” from the Government of India, acknowledging his status as one of the highest Income Taxpayers for a remarkable five-year period. 

His contributions to the financial services sector were further recognized by the Institute of Chartered Accountants of India, which bestowed upon him the “Excellent Business Achiever in Financial Services” award. This dual recognition highlights Motilal Oswal’s substantial impact on both the economic and professional fronts.

 

• Naina Lal Kidwai—> Naina Lal Kidwai was born in 1957 in Delhi, India. She is an Indian banker, chartered accountant and business executive. She was formerly a Group General Manager and the Country Head of HSBC India. She is also a former President of the Federation of Indian Chambers of Commerce and Industry (FICCI). She completed her BA from University of Delhi and MBA from Harvard Business School.

 Her father, Surinder Lall, was the CEO of an insurance company and mother was the founder of the Thapar Group of companies. The Thapar group was one of India's most prominent conglomerates, comprising JCT, BILT, Crompton Greaves, Avantha, Oriental Bank of Commerce, The Pioneer newspaper, etc. She holds a bachelor's degree in economics from Lady Shri Ram College. She is also a qualified chartered accountant.

 Kidwai was the Chief Manager and Head of Investment Bank India and from 1987 to 1989 she was Manager of North India of Investment Bank. Kidwai has also served as the Manager of West India of Investment Bank based in Bombay from 1984 to 1987.

She is currently Chairman of Max Financial Services Ltd. She has also served as Deputy Chief Executive Officer of HSBC from November 2002 to 5 May 2006.

• Nirmal Jain—> Nirmal Jain was born in 1967. He is an Indian billionaire businessman. He is the founder and chairman of India Infoline (IIFL) Group. 

He earned a bachelor's degree in commerce (B.Com) from Narsee Monjee College of Commerce and Economics, a constituent college of the University of Mumbai, followed by MBA from the Indian Institute of Management Ahmedabad. He is also a certified chartered accountant from ICAI. In 1989, Jain started his career with Hindustan Unilever, as a commodities' trader.

In 1995, Jain founded an equity research company that later became India Infoline (or IIFL Group). In 2000, he started one of India's first online trading websites. The business later diversified into life insurance, mutual funds, equities and other financial services.

• Radhe Shyam Agrawal—>  Radhe Shyam Agarwal (also known as R S Agarwal) is an Indian entrepreneur, co-founder and executive chairman of Emami, a global group of company engaged in the business of FMCC paper, real estate, edible oils, health care and cement.Radhe is among the top 100 richest Indians having a net worth of $1.43 billion in 2015. He was born on 18th Feb 1946 in Kolkata, Bengal. He is a businessman, founder and executive chairman of Emami.

He completed his college education from St. Xavier's Collage, Kolkata. He got his LLB ans M.Com from Calcutta University. He is CA from ICAI and CS from ICSI. In 1970, he joined Aditya Birla Group as vice president.

• V. Mohandas Pai—>  Mohandas did his schooling at St. Joseph's Indian High School, Bangalore. He holds a bachelor's degree in commerce from St. Joseph's College of Commerce, Bangalore and a bachelor's degree in law (LLB) from Bangalore University. He is also a fellow member of Institute of Chartered Accountants of India (ICAI). He joined Infosys in 1994 and served as a member of the Board from May 2000 till July 2011. He was the company's CFO from 1994 till 2006. In 2006, he voluntarily resigned from the office of the CFO to lead efforts in the areas of human resources and education and research.The Infosys Annual Report, under his supervision, has won the top awards consistently from the Institute of Chartered Accountants and from the South Asian Federation of Accountants.He still holds 728,000 shares of Infosys.

 He was also a Member of the Kelkar Committee, constituted by the Ministry of Finance, Government of India, for reforming direct taxes, the Non-Resident Taxation Committee. He served as a Member of the Board of Securities and Exchange Board of India (SEBI) from 12 September to 16 July.

• N. Manoharan—>  T. N. Manoharan(TNM) was born to a Freedom Fighter and agriculturist T.L.Narayanasamy Chowdhry and Saradammal. He is a post graduate in commerce from Sri Venkateswara University and a Chartered Accountant of four decades of standing. He is also a law graduate from Madras Law College. He has authored books for professionals and students on Taxation. Besides carrying on his practice as a CA, he was teaching CA students with passion for about two decades in Chennai. He supported students from poor section of society by free admission and distribution of his text books. Few thousands of his students are settled in India and Abroad. TNM was a visiting faculty in BIM in Trichy, RBI Staff Training college and SIRC of ICAI, ICMA & ICSI in Chennai during the 1990s.

 He has presented several hundreds of papers in Conference and seminars and addressed renowned Institutions both in India and abroad including reputed foreign universities such as Chicago University in USA, Warwick University in UK and Southern Queensland University in Australia.

He served as a council member of the Institute of Chartered Accountants of India for 6 years from 2001 and became its National President during the year 2006-07. He was a special director of the Government nominated Board for revival of Satyam Computer Services Limited. He has written his experience as a book entitled Tech Phoenix – Satyam's 100-day Turnaround.

He is currently a member of the Reserve Bank of India Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks and Small Finance Banks. He is the chairman of IDBI Bank, He is on the board of Mahindra & Mahindra, Tech Mahindra and National Bank for Financing Infrastructure and Development.

• Aroon Purie—> Aroon Purie was born on 1944 in Lahor, Pakistan and he is the founder-publisher and editor-in-chief of India and managing director of Thomson Press (India) Limited and the chairman and managing director of TV Today and he was also the editor-in-chief of Reader's Digest India. In October 2017, he passed control of the India Today Group to his daughter, Kalli Purie(Bollywood actress). He graduated from The Doon School and earned a bachelor's degree in economics from the London School of Economics in 1965.