Healthy Soch
‘Reimagining the CMA Profession’
India
healthysoch
Hyderabad/Chandigarh, February 20, 2026:
The prestigious two-day Regional Cost and Management Accountants’ Convention (RCMAC 2026), hosted by the Southern India Regional Council of The Institute of Cost Accountants of India (ICMAI), a statutory body under an Act of Parliament functioning under the jurisdiction of the Ministry of Corporate Affairs, was formally inaugurated by Chief Guest CMA Dr. A. S. Durga Prasad, Chairman, NCC and Former President, ICMAI. today at Leonia Resorts, Shamirpet. CMA Dr. K.Ch.A.V.S.N. Murthy, Central Council Member, ICMAI; CMA Vijay Kiran Agastya, Chairman – SIRC of ICMAI; CMA KVN Lavanya, Treasurer – SIRC; and CMA Khaja Jalal Uddin, Chairman – ICMAI Hyderabad Chapter, graced the occasion. CMA A.N. Raman, Former President – SAFA, delivered the keynote address.
RCMAC 2026 has brought together over 500 delegates, including industry leaders, academicians, policymakers, and CMA professionals from across India and abroad. Anchored around the theme “Reimagining the CMA Profession: Driving Sustainable Value & Strategic Impact,” the convention focuses on strengthening the CMA’s role at the intersection of performance excellence, responsible growth, and future-ready leadership.
Addressing the gathering, CMA Dr. A. S. Durga Prasad underscored the importance of integrated cost leadership, execution discipline, and data-driven decision-making in strengthening enterprise performance and nation-building infrastructure. He said, we are not in a period of incremental change, we are in the midst of a very structural transformation that is going on across the globe. The geo-politics and the economic crisis are reminding us of the trade barriers, therefore the Boards are redrawing their strategies. Inside enterprises, the signals are very clear and risk is no longer a linear item, it is interconnected with multiple parameters. The CMA should look to have complete digital fluency or ESG literacy or he will risk a strategic marginalisation, the day is not very far off.
CMA A.N. Raman said, post covid the profession started witnessing digitisation along with AI becoming a major force behind getting insights of the basic data.
CMA TCA Srinivas Prasad highlighted the evolving role of CMAs as strategic business partners and called upon professionals to lead in critical areas such as ESG, governance, and value engineering, reinforcing the profession’s commitment to sustainable and responsible growth. He said, we are talking about value creation, which is the need of the hour, this convention will make us future ready. The focus will be on sustainable and responsible growth, which will ultimately depend on people. We are trained to give the best in challenging circumstances and are geared to do it.
The convention is being conducted under the leadership of CMA Vijay Kiran Agastya, Chairman – SIRC, who stated that RCMAC 2026 is envisioned as a platform for action-oriented knowledge sharing to equip CMA professionals to lead enterprise transformation through value engineering, digital performance management, and sustainable growth initiatives. He said, this is a conversation about strategic value addition, value creation has become the mandate today. The focus of this Convention is from a spread sheet to strategy.
