NIRC of ICMAI Names CMA Rakesh Yadav as Chairman: The Northern India Regional Council (NIRC) of the Institute of Cost Accountants of India (ICMAI) has announced its new leadership for the 2025–26 term, with CMA Rakesh Yadav stepping in as Chairman. This marks the beginning of a fresh chapter for one of the most influential regional bodies in India’s cost accounting profession. Whether you’re a student dreaming of your CMA designation, a seasoned professional looking to stay sharp, or a business leader seeking strategic cost advice, this update is worth your attention. We’ll cover the who, what, and why, plus give you actionable tips to make the most of the opportunities ahead.
NIRC of ICMAI Names CMA Rakesh Yadav as Chairman
The appointment of CMA Rakesh Yadav as Chairman for 2025–26 signals a period of both continuity and change for NIRC of ICMAI. By focusing on ethics, skill development, and global competitiveness, the council is positioning its members and students to meet the challenges of a rapidly evolving business landscape. For anyone connected to cost accounting—student, professional, or employer—now’s the time to engage.
| Highlight | Details |
|---|---|
| Chairman | CMA Rakesh Yadav – leading NIRC for 2025–26 |
| Leadership Team | Vice Chairman: CMA Manish Kandpal, Secretary: CMA Honey Singh, Treasurer: CMA Madhuri Kashyap |
| Council Members | CMA Santosh Pant, CMA Satya Narayan Mittal, CMA Jeewan Chandra |
| Scope | ~600,000 students, 75,000 members in Northern India |
| Focus Areas | Training, professional development, ethics, and strategic practices |
| Official Source | ICMAI NIRC Official Website |
Understanding the NIRC of ICMAI
The Northern India Regional Council is one of four regional councils under ICMAI, each managing professional activities in its territory. NIRC covers a massive geography—Delhi, Haryana, Punjab, Himachal Pradesh, Jammu & Kashmir, Rajasthan, Uttarakhand, and Uttar Pradesh—regions rich in both industrial hubs and emerging economic centers.
NIRC’s work includes:
- Conducting training sessions and certification workshops.
- Organizing networking events for members.
- Offering student support for CMA aspirants.
- Advocating for ethical and strategic practices in cost management.
About ICMAI – The National Body
The Institute of Cost Accountants of India is a statutory professional body under the Cost and Works Accountants Act, 1959. Its primary role is to regulate the profession of Cost and Management Accountancy in India. ICMAI:
- Prescribes and updates the CMA syllabus.
- Administers examinations.
- Grants membership.
- Provides ongoing professional education.
It is also a member of the International Federation of Accountants (IFAC) and the South Asian Federation of Accountants (SAFA), which means Indian CMAs can align with global accounting and management standards.
Meet the 2025–26 Leadership Team
CMA Rakesh Yadav – Chairman
With a strong track record in the profession, Yadav is expected to bring a balance of innovation and tradition. His focus areas include upgrading training programs, encouraging ethical behavior, and strengthening ties between academia and industry.
CMA Manish Kandpal – Vice Chairman
Often acting as the operational backbone, Kandpal’s role will be to ensure plans move from the whiteboard into real action.
CMA Honey Singh – Secretary
Handles coordination, communication, and the smooth running of council operations.
CMA Madhuri Kashyap – Treasurer
Oversees the financial management of NIRC’s programs and ensures every rupee is invested wisely.
Council Members – CMA Santosh Pant, CMA Satya Narayan Mittal, CMA Jeewan Chandra
These professionals bring diverse perspectives, from corporate finance to public sector experience.
Why This Leadership Matters?
For students, it could mean:
- Easier access to quality training.
- More local workshops to reduce travel costs.
- Better mentorship opportunities.
For professionals, it offers:
- Specialized continuing education.
- More networking channels.
- A platform to contribute to the profession’s growth.
For businesses, it ensures:
- A steady pipeline of skilled, ethical cost accountants.
- Opportunities to collaborate with NIRC for staff training.
- Access to advisory expertise for cost optimization.
Historical Context: NIRC’s Evolution
NIRC was set up decades ago to address a simple challenge—how to bring cost accounting expertise closer to professionals and students spread across vast and diverse states. Over the years, it has:
- Expanded from a few city chapters to multiple centers across the region.
- Introduced industry-specific training for manufacturing, IT, agriculture, and services.
- Built strategic alliances with corporate bodies for practical exposure.
- Integrated digital learning tools to reach remote areas.
The result? Today, it serves one of the largest professional accounting communities in India.
Challenges Ahead for 2025–26
Even with strong leadership, the road isn’t without bumps:
- Keeping up with technology – AI, blockchain, and data analytics are reshaping finance.
- Addressing regional disparities – Not every city or town has equal access to training facilities.
- Balancing tradition and innovation – Maintaining proven practices while embracing new tools.
Opportunities for Growth
On the flip side, NIRC has several opportunities:
- Expand virtual training platforms to reach every student’s home.
- Collaborate with global accounting bodies for joint certifications.
- Launch sector-specific programs tailored to local economies—like textile cost management in Rajasthan or agro-based budgeting in Punjab.
Practical Guide: How to Engage with NIRC As NIRC of ICMAI Names CMA Rakesh Yadav as Chairman
For Students
- Register early with your local chapter.
- Join study circles—small peer groups for preparation.
- Attend both online and offline workshops to diversify learning.
- Follow NIRC’s social media for updates.
For Professionals
- Upgrade skills regularly with NIRC’s continuing professional education (CPE) sessions.
- Mentor junior members—it boosts your own profile.
- Publish insights in NIRC’s newsletters or magazines.
For Businesses
- Collaborate with NIRC for corporate training programs.
- Recruit directly from NIRC’s pool of trained CMAs.
- Sponsor events to build brand visibility.
Real-Life Impact Stories
Student Story: Priya, a CMA aspirant from Jaipur, joined an NIRC GST workshop. The interactive sessions and mock exams improved her test scores, helping her clear a tough paper on the first try.
Professional Story: Rohit, a practicing CMA in Delhi, attended an NIRC session on forensic accounting. The skills gained helped him secure a major client contract in the corporate investigation field.
Business Story: A Ludhiana-based textile firm partnered with NIRC for cost reduction training. Within six months, the company cut raw material wastage by 10%.
Global Perspective
Indian CMAs trained under ICMAI are competitive globally. They can:
- Work on international cost audits.
- Align with IFRS standards.
- Transition into roles in multinational corporations.
By ensuring its training is up-to-date, NIRC gives members a fighting edge in international markets.
Quotes from the Leadership
“Our mission is to empower every student and member with skills that meet today’s and tomorrow’s challenges,” said CMA Rakesh Yadav, Chairman.
“With technology evolving, cost accountants must stay ahead of the curve—NIRC will be their launchpad,” added CMA Manish Kandpal, Vice Chairman.
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