The results of the Chartered Accountant Foundation exam, which will be held in June 2022 by The Institute of Chartered Accountants of India (ICAI), were announced on Wednesday.
Sheikh Mohammad Rahil Hussainmiyan, 19, of Gomtipur in Ahmedabad, who worked for a year after finishing Class 12 to pay the exam fee, was among those who passed.
Bishan Shah, chairperson of ICAI Ahmedabad, said 2,360 students appeared for the exam from Ahmedabad, of which 29. 83 per cent passed.
All over India, 93,729 students appeared for the exam, of which 23,693 students passed, indicating a percentage of 25.28.
Son of an autorickshaw driver, Rahil, a B Com student, started preparing for the exam six months ago.
“The total expense was Rs 22,000 and I took Rs 4,000 from my parents… the remaining was my savings of one year,” he says.
After completing his Class 12 with 70 per cent, he had to drop a year and help his father run the house due to the Covid-19 pandemic.
“I worked as a packer in a garment factory and as an accountant in a tube manufacturing company in Ahmedabad after I learnt the accountant software,” says Rahil who attended coaching classes run by ICAI. He says he is hopeful of clearing the CA inter examination as well.