ICMAI Newly elected President and Vice President for the year 2020-21



Quick Summary
The Institute of Cost Accountants of India (ICMAI) has announced its newly elected President and Vice President for the 2020-2021 term. CMA Biswarup Basu will serve as President, bringing 34 years of industrial experience and previous roles on the Central Council. CMA P. Raju Iyer has been elected Vice President, with extensive experience as a practicing Cost Accountant, Insolvency Professional, and corporate trainer.

ICMAI Newly elected President and Vice President for the year 2020-21

About the President

CMA Biswarup Basu has been elected as President of the Institute for the period 2020-2021.

  • CMA Biswarup Basu is a Fellow Member of the Institute of Cost Accountants of India and an alumnus of South Point High School, Kolkata.
  • He started his Professional career in 1985 as Management Trainee in a Multinational Company of repute and thereafter joined Bharat Coking Coal Limited in 1988 as Finance Officer. Subsequently he joined a wholly owned company of Government of West Bengal in a Senior Position where he served for 29 years. He has a total stint of 34 years of Industrial exposure.
  • He was elected to the Central Council of the Institute for the term 2015 – 2019 as Central Council Member of the Institute.
  • He served the profession as the Chairman of Members’ Services & Facilities Committee (2015-16 & 2016-17), Journal & Publications Committee (2017-18) & Members in Industry Committee (2018-19). During his tenure he has taken several initiatives that would increase the scope and development of the profession.
  • Additionally, he was member of the Finance Committee in the year 2015-16 and member of the Examination Committee for year 2016-17, 2017-18 and 2018-19.
  • He had the privilege of serving the profession as a Member of the Eastern India Regional Council (EIRC) for 3 terms viz.1995-98, 1998-2001, 2004-2007 in various capacities; as Treasurer (1995-96 & 1996-97), Secretary (1996-97 & 1997-98) and Vice Chairman during the period 2000-01.
  • He has been re-elected to the Central Council for the term 2019-23.

About the Vice President -

CMA P.Raju Iyer has been elected as Vice President of the Institute for the period 2020-2021.

  • CMA P. Raju Iyer was the Central Council Member of the Institute of Cost Accountants of India for the year 2015-19 and 2019-23 and Chairman, Internal Auditing and Assurance Standards Board from July 2019-20. He was a Treasurer, Samskar Bharathi, Chennai Metro. Founder and Convenor, Chennai West Study Circle of Institute of Company Secretaries of India – 2011-12. And Convenor of Taxation Forum, CII, Tamil Nadu – 2010-11.
  • CMA P. Raju Iyer is a Practicing Cost Accountant from the year 2000 and also an Insolvency Professional. He is a Corporate Trainer on Strategy, Cost Management, Finance for Non-Finance Executives. He is also a Guest Faculty to MMA, CII, and other Associations, Visiting Faculty to Professional Institutions, Business Schools, and Faculty for ACCA and CIMA.
  • He has over thirty years of Experience as a Professional Accountant in Sundaram Finance Ltd, Avanti Leathers Ltd, and in the Republic of Maldives – State Trading Organization, Air Maldives, and Allied Insurance Company of Maldives. He holds expertise in the following industries: Automobile, Airline, Insurance, Trading, Tourism, Sugar, Paper, Cement, Leather, Batteries, Pharmaceuticals, Tools, etc.

FAQ :

CMA Biswarup Basu has been elected as the President of the Institute for the period 2020-2021.

CMA P. Raju Iyer has been elected as the Vice President of the Institute for the period 2020-2021.

CMA Biswarup Basu is a Fellow Member of ICMAI with 34 years of industrial exposure. He has served on the Central Council and chaired several committees, including Members' Services & Facilities and Journal & Publications.

CMA P. Raju Iyer is a Practicing Cost Accountant and Insolvency Professional. He has served on the Central Council and has extensive experience as a corporate trainer and faculty member.

CMA Biswarup Basu has a total of 34 years of industrial exposure.

CMA P. Raju Iyer holds expertise in industries such as Automobile, Airline, Insurance, Trading, Tourism, Sugar, Paper, Cement, Leather, Batteries, and Pharmaceuticals.




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