Respected Members of Visakhapatnam Branch
We worship Hayagriva, the embodiment of wisdom and bliss, who is pure like crystal, and the foundation of all knowledge.
With immense responsibility and honour that I assume the role as the 42nd Chairman of our esteemed branch of ICAI, with the vision to conduct branch programs through the enabling role of the profession by joining with the theme of partners in nation building. As I embark a new journey and accept the mantle of Chairmanship stepping into this position of leadership, it fills me with an overwhelming sense of gratitude and elation, yet I’m aware of the responsibility that accompanies it, which I wholeheartedly accept with utmost sincerity and determination. I pray to the Almighty to grant me with the strength and fortitude to elevate our esteemed profession to an even higher pedestal and demonstrate my worthiness of the trust bestowed upon me.
With profound gratitude, I extend my heartfelt appreciation to my teachers, mentors, principal, family, colleagues, and members of ICAI, who stood as a guiding force who has supported and inspired me, for my journey and strengthening my resolve to serve the profession. I also express my sincere gratitude to the outgoing Chairman CA. Anirban Pal whose systematic execution of work execution set a standard in branch administration.
I extend my heartiest congratulations to the newly elected President CA. Charanjot Singh Nanda and Vice President CA. Prasanna Kumar D., Central Counsil Members, Office Bearers of ICAI. Notably, this is the first Committee constituted for a term of 4 years. As thought leaders, their expertise, dedication, and commitment will be instrumental in propelling ICAI to new heights on the global stage. Their relentless efforts toward excellence will undoubtedly strengthen the Institute’s standing as a Partner in Nation development.
I also congratulate the newly elected Chairperson CA. Revathi S Raghunathan, Vice Chairman CA. Muppala Subbarao, Secretary CA. Deepa Varghese, Treasurer CA. Bhanu Narayan Rao Y V and other office bearers. I convey my best regards to our beloved most Respected Centre Council Member and Vice President CA. Prasanna Kumar D Garu for his guidance throughout in organising the branch elections and managing committee elections. I express my sincere thanks to Senior Member of the branch Sri CA.VSN Murthy garu for conducing oath taking ceremony of Managing Committee Members and installation of new office bearers and gracing the occasion.
I extend my deepest gratitude to all the members who took time to come and vote to elect the Managing Committee of Visakhapatnam Branch of ICAI, with 455 members voted at the branch—the highest number turned out at the branch within a span of 10 hours on a Sunday, before main festival Sankranthi. This participation in good numbers, showcases the commitment and determination to elect the leaders and expectation from the elected leaders.
This election has a significance as it was conducted for the ICAI Visakhapatnam Branch after almost 8 terms (24 years). The opportunity to elect a new committee after such a long gap reflects the belongingness and commitment of our members in strengthening our profession through active participation in branch activities.
I urge every member to actively participate in all branch events. Your involvement will not only strengthen the branch performance but also encourage the committee members to organise better programs and activities. Being the first Chairman from the newly elected committee, I am deeply honoured and humbled by the trust placed in me by our members and past Chairmen. I extend my heartfelt gratitude to all who have supported and believed in me. I assure you of my unwavering commitment to serve this branch with sincerity and dedication.
My plan of action for the year ahead is guided by three core principles:
1. Empowering our members: We will focus on providing our members with the resources, knowledge, and skills they need to thrive in an ever-evolving professional landscape. This includes:
* Enhanced Continuing Professional Education (CPE) * Mentorship and networking Career development * Shared Resources and Knowledge Hub * Important Publications for Professional Use
2. Promoting professional excellence: We will strive to uphold the highest standards of professional conduct and ethics among our members. This includes:
Ethics and governance initiatives: We will organize workshops and discussions on ethical dilemmas and best practices in corporate governance to reinforce the importance of integrity in our profession.
Quality assurance: We will promote quality assurance practices among our members to ensure the highest standards of professional service.
3. Engaging with the community: We will actively engage with the community to promote financial literacy and awareness. This includes:
Financial literacy programs: We will conduct workshops and seminars for students, entrepreneurs, and the general public to enhance their understanding of financial matters.
Community outreach: We will collaborate with local organizations to promote Chartered Accountancy Profession.
Understanding the importance of participation and inclusivity, I propose to set the One-time CPE Annual fee at Rs. 3,000 + GST for New members with less than 3 years in membership and at Rs. 6,000 + GST for other members. This decision is aimed at encouraging wider participation and extending the benefits of the programs and initiatives that we have planned. I appeal to all the members to consider subscribing to this annual payment scheme for wider participation in the CPE programs being conducted.
I take this opportunity to invite you all to contribute articles to our newsletters with your insights and sharing your knowledge and experiences for the benefit of the members of the branch.
I’m committed to organise various CPE programs, full day programs on Saturdays and 3 hour programs on Wednesdays. Please follow the newsletter regularly for the details of the CPE programs to be conducted during each month.
I am committed to open communication and collaboration, and I encourage you to share your ideas and feedback as we move forward.
Conclusion:
In conclusion, I urge each one of you to continually upgrade your knowledge, refine your skills, and adapt to the dynamic regulatory and technological advancements shaping the financial world. I would like to thank the members once again for their trust and confidence in me. I am committed to serving this branch and profession to the best of my abilities and look forward to working closely with all our members in the upcoming year.
I seek your continued support, guidance, and collaboration. Together, we can overcome challenges, seize opportunities, and achieve greater heights. Thank you for your trust and support. I look forward to a successful and productive year ahead.


Jai Hind… Jai ICAI
Sridhar Andhavarapu
Chairman (2025-26),
ICAI Visakhapatnam Branch
“Where there is a will there is way"