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PDF Editor FAQ

Are there any notorious IITians, i.e. those who earned a bad name due to some fraud, scam, or anything bad in general?

Rajat Gupta-Bachelor of Technology degree in Mechanical Engineering from the Indian Institute of Technology, Delhi (IIT-Delhi) in 1971.Currently serving a two-year term in US federal prison for insider trading.His life and achievements:-Senior Partner Emeritus at McKinsey & Company, Inc.Founder of Indian School of Business.Strategic Advisor at Sberbank since June 2, 2010.Founder of Scandent Group Limited and is its Promoter.Chairman of Governing Board and Chairman of Executive Board at Indian School of Business.Advisor of Novitaz, Inc. and OmniCapital Group LLC.Senior Advisor of Telesoft Partners and Kohlberg Kravis Roberts & Co. L.P. Managing Director at McKinsey & Company, Inc.Founding General Partner and served as the Chairman of New Silk Route Partners.Chairman of the Board at Genpact India.Co-Chair of American India Foundation (AIF)Co-Chair of Pan IIT Alumni BoardChairman of the India AIDS Initiative of The Gates Foundation Board of the Global Fund for AIDS, Malaria, and TuberculosisMember of Dean's Advisory Board, School of Economics and Management, Tsinghua UniversityMember of Yale President's Council.Chairman of ICC International Chamber of Commerce - The World Business Organization.Chairman of Genpact Ltd. from April 2007 to March 2011.Chairman of Advisory Board and Advisory Board Member at Clutch Group, LLC.Chairman and Director of Galleon Management, L.P. since 2008.Chairman of the Board of Associates of the Harvard Business School.Member of Advisory Board of Symphony Technology Group.Member of Advisory Board of Fjord Capital Partners Ltd.Trustee of The Rockefeller Foundation.Director of Emergency Management and Research Institute and Public Health Foundation of India.Trustee of The University of Chicago.Served on the Board of Overseers of the Weill Cornell Medical College.Director of New Silk Route Private Equity Asia Fund LP, Kohlberg Kravis Roberts & Co. and New Silk Route.Director of Harman International Industries Inc. from January 29, 2009 to March 7, 2011.Director of American Airlines Group Inc. from January 16, 2008 to March 7, 2011 and American Airlines, Inc. from January 2008 to March 8, 2011.Independent Director of The Goldman Sachs Group Inc. from November 10, 2006 to May 7, 2010.Director of The Procter & Gamble Company from June 12, 2007 to March 1, 2011 and Genpact Ltd. from April 2007 to March 2011.M.B.A. from Harvard Business School and a Bachelor's of Technology degree in Mechanical Engineering from the Indian Institute of Technology.Conviction:-Convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam.Found guilty of three counts of securities fraud and one count of conspiracy by a federal jury in Manhattan.Violating clear and sacrosanct duties of confidentiality, Mr. Gupta illegally provided a virtual open line into the boardroom for his benefactor and business partner, Raj Rajaratnam.Really a great man with great achievements but went into wrong deeds.

Who are some of the most famous chartered accountants?

Chartered accountancy is one of most respected professions that one can practice after qualifying one of the most stringent curriculum set out for it. Being one of the very prestigious degrees in India, Chartered Accountants are not permitted to publicize themselves.Working tirelessly there are just a few CA’s who have excelled in their careers and whom world has come upon to regard as big time achievers.Well following are some of the most famous Chartered Accountants :-1. Kumar Mangalam BirlaHe stands out as being one of the most famous Chartered Accountants in India, who topped it all with an MBA from London Business College. Kumar Mangalam runs a business empire with a market value of over $40 billion. The multinational Aditya Birla Group happens to be India’s third largest business house that is spread across 36 nations in six continents.Apart from being a very successful businessman, he is also a leading philanthropist who regularly contributes for public causes like better health and education facilities for weaker sections of society.2. Deepak ParekhChairman of HDFC, Deepak Parekh heads the country’s largest housing finance company. A respected named in financial sector, Parekh has been conferred numerous awards, which includes the Padma Bhushan. Firmly grounded with a Chartered Accountant degree, Parekh is instrumental in developing the nation’s housing sector and private sector banking.He made it feasible for middle class people to own houses or flats by providing them with loans at affordable rates.3. Naina Lal KidwaiShe is the first Indianwoman to graduate from the prestigious Harvard University. Naina Lal Kidwai is a toast of the CA profession and is providing effective leadership to HSBC, India. She is also a former President of the Federation of Indian Chambers of Commerce and Industry (FICCI)and has been conferred by Padma Sri by the Indian GovernmentAs Country Head and Group General Manager of HSBC, Kidwai is a great inspiration for women in India.4. Motilal OswalPromoter and founder of the Motilal Oswal Group, he is the recipient of many awards which includes the ‘Excellent Business Achiever in Financial Services’ award and the ‘Udyog Rattan Award’ for his performance in the financial and industrial sectors.Not only as an achiever, the CA training has Motilal Oswal being counted as one of the most honest tax payer businessmen in the country. The Indian government has awarded him with “Rashtriya Samman Patra” for being amongst the highest income taxpayers in the country over a 5 year period.5. Piyush GoyalPiyush Goyal, a qualified Chartered Accountant is a Minister of State in Prime Minister Narendra Modi’s cabinet with Independent Charge for Power, Railway, Corporate affairs, Coal, and Energy. He is a Parliament member of the Rajya Sabha.Piyush Goyal has an excellent strong academic record and attained second rank in his Chartered Accountant batch year as well as one in Law from Mumbai University.6. TN ManoharanFormer president of Institute of Chartered Accountants of India (ICAI), TN Manoharan is best known for restructuring the billion dollar scandal hit Satyam, an IT company. Doing justice to the chosen profession, Manoharan in the business classification was named the ‘Indian of the Year’ by CNN-IBN. The Indian government has conferred the Padma Shri award on him in 2010.As a teacher, he is very popular amongst CA students for he is very much involved with them and the subject.7. Aditya PuriAditya Puri a qualified CA has worked in the banking sector for almost 40 years. Currently he is the Managing Director of HDFC Bank, India’s second largest private sector bank, and was the Chief of Citibank, Malaysia in 1992. Aditya Puri, despite running a very successful bank lives by the motto to keep it simple.Even as MD of HDFC he neither uses a mobile phone, nor has a PC on his table.8. Rakesh JhunjhunwalaRakesh Jhunjhunwala needs no introduction, he is a stock guru and is considered as one of the most successful stock investors. Counted as Warren Buffet of India, Jhunjhunwala is a qualified Chartered Accountant who began investing with an paltry amount of Rs 5000 and now his portfolio worth is over 5000 crores.Jhunjhunwala’s portfolio of stocks is tracked religiously by many followers. He is India’s 51st wealthiest man and has been portrayed as the “Pied Piper of Indian bourses”.9. TV Mohandas PaiCFO of Infosys from 1994 to 2006 was a fellow member of Institute of Chartered Accountants of India. As CFO at Infosys, he played a vital role in transforming the IT Company into one of the world’s best known companies in software development and services.In 2000, he along with others started a midday meal program for school children. Today, the program feeds over 12,00,000 children in 7,669 government schools across 7 states in India. This initiative has ended up as being one of the biggest midday meal programs.10. K Rahman KhanA qualified Chartered Accountant, Khan is a politician from Karnataka who is affiliated to Indian National Congress. He was the former Union Minister of Minority Affairs and also has served as a Deputy Chairman of the Rajya Sabha. In one stint he was even the Union Minister of State for Chemicals and Fertilizers. Mr. Khan is one of the most conspicuous Muslim achievers in the country.11. S GurumurthyS Gurumurthy is a well known journalist and a successful Chartered Accountant. His articles with a loyal readership in The Indian Express newspaper reflect the command he has attained in both professions. Gurumurthy’s insights have uncovered many a shady deals and has caused moments of discomfort to Reliance, India’s largest conglomerate.He has done the CA profession proud by making the public aware many fraudulent practices. Gurumurthy also happens to be staunch defender of the Swadeshi model of economic development.SOURCE :- CAclubindia - Interactive Platform for Finance Professionals and TaxpayersDON’T FORGET TO UPVOTE IF YOU LIKE.FOLLOW ME FOR MORE INTERESTING Q&A.Thanks for 300+ upvote. Your appreciation means a lot to me and encourage me to write better content for you.REGARDS,ANISH VERMA

Who are the best ministers in the Modi Cabinet? And why?

Piyush Goyal is the Hon’ble Minister of State with Independent Charge for Power, Coal and New &Renewable Energy in the Government of India. He is currently a Member of Parliament (Rajya Sabha) and was earlier the National Treasurer of the Bharatiya Janata Party (BJP). He headed the BJP's Information Communication Campaign Committee and oversaw the publicity and advertising campaign of the party including the social media outreach for the Indian General Elections 2014.He is the son of Late Shri Ved Prakash Goyal who had served as a Union Minister for shipping in the Atal Bihari Vajpayee cabinet and was also the treasurer of Bhartiya Janta Party for a long time.He has had a strong academic record - all-India third rank holder Chartered Accountant and second rank holder in Law in Mumbai University. He has participated in Leadership Programs at Yale University (2011), Oxford University (2012) and Princeton University (2013) and is currently pursuing the Owner / President Management (OPM) Program at Harvard Business School. He did his schooling from Don Bosco High School, Matunga.A well-known investment banker, he has advised top corporates on management strategy and growth; also served on the Board of India’s largest commercial bank, State Bank of Indiaand Bank of Baroda.Piyush was a member of the Standing Committee on Finance and the Consultative Committee for the Ministry of Defence. An active member of the Managing Committee of Indian Merchants Chamber, he is also involved with NGOs in diverse fields such as tribal education and welfare of the physically challenged (Jaipur Foot).During his 28-year-long political career, he has served on the National Executive and held several important positions in the BJP. He was also nominated by the Government of India to the Task Force for Interlinking of Rivers. He was the Dy. Campaign In-charge for the Parliament elections in 1991 and played a key role at the central level in all elections since 2004.He was the minister-in-waiting for US President Barack Obama who visited India on 26th January, 2015.Sources:wiki

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