CMA Subhash Aggarwal

CMA Subhash C. Agrawal holds the following qualifications and professional credentials:

Fellow Cost and Management Accountant (FCMA)
Insolvency Professional (IP)
Fellow Company Secretary (FCS)
Bachelor of Laws (LL.B.)
Fellow of the Indian Council of Arbitration (FICA)
Bachelor of Commerce (Honours)

Corporate and Public-Sector Experience

As former Director (Finance) of Cement Corporation of India Limited, CMA Agrawal was associated with senior-level financial management in the cement and industrial sector. His professional experience encompasses corporate financial planning, financial controls, cost management, audit, taxation, risk assessment, and governance-related matters.

He has also served as Chairman and Managing Director of Triveni Structurals Limited during 2012–2015, adding to his experience in senior public-sector enterprise management.

His work across different industrial sectors, including cement, steel structures, cement sheets, fertilisers, textiles, and biochemical industries, has contributed to his understanding of diverse financial and operational environments.

Professional Leadership at NIRC

CMA Agrawal served as Chairman of the Northern India Regional Council of The Institute of Cost Accountants of India during 2002–03.

His association with the professional accounting community reflects a commitment to the advancement of cost and management accounting, professional development, and the practical application of financial and management disciplines in industry.

He has also served on the Cost Accounting Standards Board of the Institute and chaired the Screening Committee for the National Award for Excellence in Cost Management for three consecutive years, from 2012 to 2014.

Professional Engagements and Contributions

CMA Agrawal is associated with Subhash Agrawal & Co. and provides professional and management consultancy services. His work encompasses cost audit, internal audit, forensic audit, financial and taxation matters, arbitration, risk analysis, and corporate advisory assignments.

He has also contributed to professional knowledge-sharing through articles, seminars, and conferences on subjects such as cost management, internal audit, corporate governance, taxation, and financial regulation.

His article on Swachh Bharat Cess, published in The Management Accountant in May 2016, reflects his engagement with taxation policy and its implications for businesses.

Areas of Professional Expertise

Corporate Finance and Financial Management

Financial planning, financial controls, corporate reporting, and resource management.

Cost Management and Cost Audit

Cost accounting systems, cost audit, cost optimisation, and management information systems.

Internal and Forensic Audit

nternal control frameworks, forensic audit, financial analysis, and risk mitigation.

Taxation and Regulatory Matters

Direct and indirect taxation, service tax, GST-related matters, and corporate compliance.

Corporate Governance

inancial accountability, governance systems, and management oversight.

Arbitration and Dispute Resolution

Domestic arbitration and professional assignments involving commercial disputes.

Professional Summary

CMA Subhash C. Agrawal is a senior finance and management professional whose career combines public-sector leadership, professional institute representation, consultancy, audit, and corporate advisory experience. His service as Director (Finance) of Cement Corporation of India Limited and Chairman of NIRC of The Institute of Cost Accountants of India highlights his engagement with both enterprise-level financial management and the professional accounting community.

His multidisciplinary qualifications and experience across finance, cost management, audit, law, and arbitration provide a broad foundation for his continued professional work in corporate governance, financial advisory, and management consultancy.