Why is National CA Day Celebrated on July 1? History, Significance & Everything You Need to Know

Just like engineers, doctors, and teachers have their special days, chartered accountants too deserve recognition for their contribution to the growth of the Indian economy. So July 1 is celebrated as National CA Day in India. It's the birth anniversary of the Institute of Chartered Accountants of India, or ICAI, which is India's most important financial institution.

What is National CA Day?

National Chartered Accountants Day, or simply CA Day, is celebrated every year on July 1 to honour Chartered Accountants in our country. These professionals handle everything from taxes and audits to financial planning and business advice. In short, they're the backbone of every major business decision.

Why July 1? The History Behind CA Day

CA Day is celebrated on July 1 because the ICAI (Institute of Chartered Accountants of India) was founded on this date in 1949. The ICAI is the national professional accounting body of India, established under an Act of Parliament. It regulates the profession of Chartered Accountancy across the country. This year, CA Day 2025 is the 76th Foundation Day of ICAI.

Significance of CA Day 2025

CA Day 2025 is all about recognising the important work Chartered Accountants (CAs) do behind the scenes. They make sure taxes are filed properly, companies follow all the financial rules, and no money goes missing. Their efforts help the Indian economy run smoothly and fairly. On this day, events, seminars, felicitation ceremonies, and public awareness programmes are held by ICAI across its branches in India.

Some of India's Most Famous CAs

Gopal Das Padmse Kapadia: India's first-ever CA, he received the inaugural CA certificate and became ICAI's first president (1949 to 1952).

R. Sivabhogam: She became India's first female CA in 1933, overcame colonial-era restrictions on imprisoned practitioners via a legal fight, and later became a pioneering ICAI Fellow.

Naina Lal Kidwai: A trailblazer who qualified as a CA, led HSBC India as Country Head and GM, served as FICCI President, and was honoured with the Padma Shri in 2007.

Raamdeo Agrawal: CA-turned-investor and co-founder of Motilal Oswal Financial Services, he is a billionaire known for his flagship firm and mentorship by Warren Buffett.

Bimal Parekh: A household name in Bollywood, he's the go-to financial advisor for A-list celebrities like Aamir Khan, Katrina Kaif, and Ranbir Kapoor and also co-owns Mumbai City FC.

Rakesh Jhunjhunwala: Often called the "Indian Warren Buffett", Jhunjhunwala was a renowned CA-turned-billionaire investor. He began investing in 1985 and grew his wealth to billions.

Piyush Goyal: A chartered accountant by training and All India Rank 2, Goyal is now India's Minister of Commerce & Industry (and former Minister of Railways and Coal).

Kumar Mangalam Birla: Chairman of the Aditya Birla Group, Birla is one of India's wealthiest CAs. A blend of financial expertise and philanthropy, he's built an empire worth billions.

Motilal Oswal: Co-founder of Motilal Oswal Financial Services, he is a standout CA-turned-entrepreneur recognised with national honours and consistently appearing among India's top taxpayers.