Introduction: A New Era Begins at ICMAI
On 22 July 2025, the Institute of Cost Accountants of India (ICMAI) unanimously elected CMA TCA Srinivasa Prasad as President and CMA Neeraj D. Joshi as Vice President for the Council Year 2025–26
This seamless transition marks a pivotal moment for the institute that recently relocated its headquarters to New Delhi. With decades of leadership experience and technological acumen, both appointees are poised to drive ICMAI into a new phase of national relevance and profession-building initiatives.
1. About ICMAI: The Modern Cost Accountancy Authority
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Overview: ICMAI, previously known as ICWAI, is India’s statutory body for cost and management accounting. Established under the Cost and Works Accountants Act of 1959, it operates under the Ministry of Corporate Affairs
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Members & Students: The institute boasts approximately 10 lakh (members + students), reinforcing its prominence in Asia and beyond Wikipedia.
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Recent Shift: For Council Year 2025–26, ICMAI officially moved its headquarters from Kolkata to CMA Bhawan 3, Lodhi Road, New Delhi
2. Profile: CMA TCA Srinivasa Prasad – President 2025–26
📌 Credentials & Career Journey
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A Fellow Member of ICMAI with over 40 years of experience across finance, cost, ERP implementation, IT, HR, CSR, and more .
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Previously served as Executive Director (Finance & ERP Implementation) in SAIL, successfully implementing ERP in four major steel plants and the Central Marketing Organization. Also advised ERP implementation at NMDC
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ICMAI Central Council member during 2011–15 and re‑elected for 2023–27 term
✅ Key Strengths
| Area | Contribution |
|---|---|
| ERP & Digital Transformation | Led large‑scale ERP implementations in PSUs to streamline operations and transparency |
| Industry‑Academia Connect | Chaired ICMAI committees like IT & Members-in‑Industry |
| Strategic Continuity | Former Vice President (2024–25), ensured governance stability |
3. Profile: CMA Neeraj Dhananjay Joshi – Vice President 2025–26
🎓 Academic Achievements & Professional Trajectory
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Fellow Member of ICMAI with more than 20 years of cost and management accounting experience .
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Ranked 17th All-India in ICMAI Foundation and 2nd in MBA (Pune University)
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Internationally certified as SAP FI/CO Consultant (Germany), CISA (USA), Microsoft Certified Professional, plus diploma from NIIT
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Practises as a CMA Partner at Dhananjay V. Joshi & Associates and promotes ERP consultancy firm Levare Info Solutions Pvt. Ltd.
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Held leadership roles in ICMAI committees and councils (e.g. Management Accounting Committee, Western India Regional Council)
🌟 Leadership Highlights
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Strong focus on technology‑enabled cost accounting, especially through ERP and systems audit.
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Well‑versed in committee leadership, giving him insight into ICMAI governance and grass‑roots member needs.
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Emphasis on combining academic excellence and global certifications to enhance ICMAI’s professional credibility.
4. What This Leadership Change Means for ICMAI & Its Stakeholders
🔍 Commitment to Excellence & Expansion
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With a strong blend of experience, technology, and global credentials, the new leadership team is expected to reinforce ICMAI’s reputation in professional excellence.
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As the Institute now operates from New Delhi, the leadership’s national presence is set to grow significantly
🌐 Strategic Priorities Ahead
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Digital Transformation: Expand ERP adoption, upskill CMAs in tech-driven accounting practices.
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Ethical Practices & Governance: Strengthen regulatory standards and professional conduct.
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Professional Outreach: Increase ICMAI’s visibility in industry, academia, and government forums.
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Member Engagement: Encourage membership growth and international recognition of the CMA credential.
5. Real‑Life Examples & Impacts
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ERP Success at SAIL & NMDC: Under Prasad’s leadership, ERP systems revamped operational efficiency, inventory control, and financial reporting. These models may now be extended to member enterprises via ICMAI-led advisory services.
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Global Certifications for CMAs: Joshi’s recognised qualifications (SAP, CISA) may inspire ICMAI to promote similar certification tracks, making CMAs more competitive in global markets.
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Delhi Headquarters: The move better positions ICMAI for interactions with policymakers and industry leaders, accelerating reforms in cost governance and CSR-linked finance practices.
6. Practical Tips for Cost Accountants & Aspiring CMAs
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Follow ICMAI Announcements: Watch the Institute’s official website for initiatives around training, tech labs, and ERP programs.
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Upskill in Technology: Consider certifications such as SAP FI/CO, CISA or other relevant credentials to align with emerging industry demands.
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Join Committees & Regional Chapters: Active participation can boost visibility and influence in future governance or leadership roles.
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Stay Updated on Regulatory Changes: Under new leadership, ICMAI may release strategic advisories about cost accounting standards, ethical norms, or tax/CSR frameworks.
7. Summary Table: Leadership Snapshot
| Role | Name | Experience & Highlights |
|---|---|---|
| President (2025–26) | CMA TCA Srinivasa Prasad | 40+ years in finance & ERP; former ED at SAIL; former Vice President; re‑elected council member |
| Vice President | CMA Neeraj D. Joshi | 20+ years in CMA; top ranks academically; global certifications; ERP consultant; committee lead |
Conclusion: Forward to CMA Excellence
ICMAI’s election of CMA TCA Srinivasa Prasad as President and CMA Neeraj D. Joshi as Vice President ushers in leadership deeply rooted in technological transformation, strong governance, and professional excellence. As the newly relocated headquarters in Delhi enhances visibility, the new team is well-placed to chart a transformative journey—one that will boost the relevance, reach, and reputation of the Cost and Management Accountancy profession in India and globally.
Frequently Asked Questions (FAQs)
1. What does ICMAI stand for and what is its role?
ICMAI is the Institute of Cost Accountants of India, the statutory body regulating cost and management accountancy in India under the Cost and Works Accountants Act, 1959
2. Who are the President and Vice President of ICMAI for 2025–26?
CMA TCA Srinivasa Prasad is the President, and CMA Neeraj D. Joshi is the Vice President for the Council Year 2025–26
3. What experience do they bring to ICMAI?
Prasad has over 40 years of expertise, including leading ERP implementation in major PSUs. Joshi offers 20+ years of CMA experience with top-rank academic credentials and global certifications TaxGuru.
4. Why did ICMAI move its headquarters to Delhi?
To strengthen national-level engagement with policymakers and enhance visibility; the move coincides with renewed strategic focus under the new leadership TAXCONCEPTICMAI.
5. How might the new leadership benefit members and CMA students?
By promoting tech-led upskilling, expanding committee participation, and enhancing international standards recognition—boosting career opportunities and visibility.
Keywords
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