5 days ago
Two from Surat bag AIR-1 in CMA final, intermediate
Surat/Vadodara: Two students from The Institute of Cost Management Accountants of India (ICMAI) Surat South Gujarat chapter secured All India Rank 1 in the June 2025 cost management accountants (CMA) final intermediate exams.
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Hans Jain topped the CMA Final exam nationwide, while Sujal Sharaf achieved the first rank in the CMA intermediate exam across India.
The ICMAI declared the results on Monday, with six students from the chapter placing in the top 50 of the Intermediate exam and five in the top 50 of the final exam.
CMA Kishor Vaghela, chairman of the Surat South Gujarat chapter, said, "Out of 579 Intermediate exam candidates, 96 passed both groups and 47 passed a single group.
In the final exam, 161 students appeared, with 40 passing both groups and 20 passing a single group. Surat recorded a pass rate of 25% for Intermediate and 37% for final exams."
In Vadodara, 18 students qualified to become cost management accountants (CMAs), while 54 others cleared their intermediate examinations.
A city girl, Niyati Khandelwal, also bagged AIR 21 in intermediate exams in which group II recorded the highest success rate at 31.11%, with 70 of 225 candidates clearing the paper.
Group I achieved a pass percentage of 12.11% (23 of 190), while 16.48% of students cleared both groups together. While Niyati made her mark nationally, Divyani Vasant Solanki and Atharv Nandkumar Jadhav scored second and third highest in Vadodara.
In the final examination, group III saw a pass percentage of 19.49%, the highest in the past five attempts. Group IV posted 11.54%, and 10.71% of candidates cleared both groups together.
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The top scorers in the final exams were Taher Moiyuddin Kaydawala, Honey Naresh Chandnani, and Mihir Indravadan Patel.
"Over the past five exam terms, intermediate group II has consistently outperformed other groups, while final group III's latest result marks a significant improvement," said Chairperson of the Baroda chapter of ICMAI, Amruta Vyas.
