Narain Dass Gupta

Narain Dass Gupta is a practising chartered accountant and a former president of the Institute of Chartered Accountants of India (ICAI). He is a member of the Rajya Sabha from the National Capital Territory of Delhi.

By Zainab Ashraf | Tuesday, April 16, 2024, 04:51:02 PM [IST]

Narain Dass Gupta Biography

Narain Dass Gupta is a chartered accountant and a former president of the Institute of Chartered Accountants of India (ICAI). As President of the ICAI, he was instrumental in the introduction of various accounting standards which were finally notified by the Ministry of Corporate Affairs.

He is well-known for his knowledge of financial policies and has written many books about taxes. One of them is "Indian Accounting Standards IFRS, US GAAP Comparison, 2005."

He served as Chairperson of the group established by the Reserve Bank of India to pinpoint gaps and oversee the implementation of accounting standards by banks in India, additionally, he crafted an Accounting Manual tailored for municipalities in India, emphasising the accrual basis of accounting.

Furthermore, people from different political groups see him as India's top expert on Goods & Services Tax (GST).

He is a thorough professional, an educationist, a social worker and a successful administrator. Therefore, he was elected to the Rajya Sabha from Delhi on 8 January 2018. He is the Chairperson of the Committee on Information and Communication Technology Management in Rajya Sabha.

Additionally, he serves as a Member of the Consultative Committee for the Ministry of Cooperation. Furthermore, he is honoured to be a Member of the Joint Committee on Salaries and Allowances of Members of Parliament.

Apart from this, he is working for the upliftment of economically weaker sections, promotion of Indian heritage and culture, and religious rituals, but this isn't tied to a specific designation or time frame.

He is a son Naveen Gupta who is also a chartered accountant and the former vice-president of ICAI. He has passed his CA examinations with distinction proving that the profession is in his veins.

His simplicity is reflected in his morning walk, doing yoga, practising physiotherapy, going swimming and watching and attending sports meets.

Narain Dass Gupta Personal Life

Full Name	Narain Dass Gupta
Date of Birth	16 Oct 1945 (Age 80)
Place of Birth	Village Guhna, Distt. Sonepat
Party Name	Shiv Sena
Education	Graduate
Profession	Chartered Accountant
Father's Name	Shri Rameshwar Dass Gupta
Mother's Name	Shrimati Phimo Devi
Spouse's Name	Shrimati Veena Gupta
Children	1 Son(s) 2 Daughter(s)

Narain Dass Gupta Net Worth

Net Worth

₹9.61 CRORE

ASSETS

₹9.61 CRORE

Liabilities

N/A

Education Qualification of Narain Dass Gupta

Narain Dass Gupta obtained a degree in B.Com. (Hons.) from Sri Ram College Of Commerce the University Of Delhi in 1966. Then he became a Chartered Accountant from the Institute Of Chartered Accountants Of India in 1970.

Interesting Facts about Narain Dass Gupta

Narain Dass Gupta is the first Indian elected to the Board of the International Federation of Accountants (IFAC) which acts as regulator for 164 regulatory accounting bodies of 116 countries.

Political Timeline of Narain Dass Gupta

2023: Chairperson, Committee on Information and Communication Technology Management in Rajya Sabha Member, Consultative Committee for the Ministry of Cooperation Member, Joint Committee on Salaries and Allowances of Members of Parliament
2022: Member, Committee on Energy Member, Committee on Rules Member, Joint Committee on the Jan Vishwas (Amendment of Provisions) Bill, 2022
2021: Member, Committee on Industry
2019: Member, Consultative Committee for the Ministry of Petroleum and Natural Gas Member, Committee on Petroleum and Natural Gas Member, House Committee Member, Consultative Committee for the Ministry of Commerce and Industry
2018: Elected to Rajya Sabha Member, Select Committee on the Ancient Monuments and Archaeological Sites and Remains (Amendment) Bill, 2018 Member, Committee on Energy

Narain Dass Gupta Early Life

2015: Trustee, National Pension Fund System
2005: Chairman, Board of Governors, Motilal Nehru National Institute of Technology
2002: Acting Chairman, Board of Directors
2001: President, Institute of Chartered Accountants of India (ICAI) Member, International Federation of Accountants Member, Committee of Central Board Of Direct Taxes, Ministry of Finance to revise and rationalize tax return forms Member, Group for Economic Survey of India, Ministry of Planning and Programme Implementation Member, Indian Council of Arbitration (ICA) Member, Advisory Council of Comptroller and Auditor and General of India
2000: Vice-President, Institute of Chartered Accountants of India
1996: Director, Delhi Stock Exchange (nominated by SEBI)
1992: Trustee, Bombay Port Trust, Ministry of Surface Transport, Government of India

Narain Dass Gupta Achievements

On 30 November 2001, Narain Dass Gupta was awarded the Outstanding Alumni Award for outstanding achievement in his sphere of activity which was given by the then Prime Minister Atal Bihari Vajpayee thereby bringing honour to Shri Ram College of Commerce.

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