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Everyday before the sun is ready to greet good morning, CA. Prakash Sharma wakes up and starts his day with a running routine. He covers around 7-10 kms, for a fresh and energetic start every day. We often read about maintaining a balance between our professional life, personal life and physical health, CA. Prakash is a classical example of this balance. This could be a very basic introduction of such an amazing personality, but this is how he proves that simplicity out shines intricacy.
CA. Prakash hails from a very humble background. His father worked as a Sanskrit teacher and his family did not own many amenities during his childhood.
But since a very tender age, CA. Prakash had a fighting sportsman spirit in him. He was a player of combined university team of India and represented his school and college at the state level in Badminton and always bought accolades to his team. Sports developed a sense of sincerity, resilience, leadership and discipline in his personality. Through sports quota, he was offered jobs at various government departments. But he was determined to be the writer of his own destiny so he refused to take the easy way.

"Where there is a will there is a way" to many of us it is just another quote but this was a life changing phrase for CA Prakash. He started his career to pursue Chartered Accountancy course. He went to Delhi to prepare for his examination and studied hard from dusk to dawn to chase his dreams. From being the first one to enter the CA library at ITO, Delhi to the last one to exit he exhibited immense resilience, commitment and passion towards his aim. And with his patience, will power and fighting spirit, he accomplished his dream of becoming a CA. He laid down the foundation stone of PSD and Associates in the year 1989 and after that the saga of successes and expansions continues.

And as it is well said, "The doors are open only for the ones who want it to be open". While other chartered accountants were focusing on routine and monotonous matters of taxation, auditing and accounting, CA. Prakash walked down an extra mile to work into non-conventional areas like system audit, project financing, insolvency matters, security audit, compliance audit and so on and so forth.

CA. Prakash always had a leader and a mentor inside him. He started motivating students and young professionals and hone their professional personality skills. His love for the students compelled him to do something extraordinary and he laid the foundation of "Uday Hostel", a shelter for students who wish to pursue CA as their career. Of the total students at the hostel, one third of the needy students from humble backgrounds are accommodated free of cost. He believes that no one should be deprived of knowledge for reasons of money. He is a man who has gone the extra mile in serving the society with his noble deeds. The hostel is built over an area of 8000 sq. m., with strength of more than 150 students. The hostel students have exhibited spectacular results with every passing year. Walking down on the foot prints of CA Prakash, the hostel students bagged 4 ranks in the intermediate examination in May 2018.

The entire life of CA. Prakash is an epitome to his belief, that it is only through great work that one can lead a truly satisfying life. His passion towards learning and imparting knowledge is manifested by all the efforts he had put to organize back to back two National conferences within a time span of one year. Behind these spectacular conferences is the man who moves mountains .CA Prakash has left no stones unturned be it in persuading some of the best speakers in the nation or in selecting futuristic subjects for his fellow professional brethren, he truly made the conference a phenomenal experience. As a cherry on the cake both the conferences were profitable ventures and were successfully culminated without any financial aid from the institute.

CA. Prakash has served the institute in various capacities and at different forums. From being a successful professional with a humble personality, he moved ahead to become the Central Council member of ICAI from 2016-2019.
At present, he is the Chairman of Committee on Accounting Standards for Local Bodies and Vice Chairman of Banking, Financial Services and Insurance Committee. Moreover, the Institute has appointed him as the convener for shell companies, to represent before the Government of India.

In addition to all this, he is actively involved in the Committee of Valuation Standards. While anticipating the future and profession 2.0, he is actively associated with the Digital Accounting and Assurance Board. In the world of artificial intelligence, where system audit has replaced sample audit and where system audit has left financial audit long behind in the rat race, this board is the need of coming times.

Not only this, he is also a member of various other Committees of the Institute. He had been the Secretary of Central India Regional Council from 1998-2000 and the Secretary, Jaipur branch in the year 1992.Through his pioneering ideas and positive outlook, he continues to serve as a guiding force for his conglomerate.

While living the Golden Jubilee years of his life, CA. Prakash still has that young badminton player within him and serves as the vice president of Jaipur Badminton Association and Jaipur runners club." The greatest wealth is health", and CA Prakash has inculcated this phrase in his life as he participates in a minimum of three marathons every year to fuel his energy .He is also a member of Rotary club, CII and Golf club with many others.

CA. Prakash follows a very simple mantra for his life, he listens to his heart and make his dreams come true. He has demonstrated a grit to overcome any obstacle that came his way to reach his target.
From being a simple man, he rose to such a commendable position entirely on the strength of his hard work and dedication. CA. Prakash is thus an epitome of curiosity and dedication towards work that brought him laurels.
His overall personality can be read in the simple words of George Bernard Shaw,"Progress is impossible without change and those who cannot change their minds cannot change anything. We are made wise not by the recollection of our past, but by the responsibility of our future".


Mr. Prakash Sharma

Partner at PSD & Associates

324, Ganpati Plaza, MI Road, jaipur-302001

Central Council Member (2016-19)
Chairman: Committee on Accounting Standards for Local Bodies (2018-19)
Vice Chairman: Banking, Financial Services and Insurance Committee (2018-19)
Vice president: Jaipur Badminton Association
Vice president: Jaipur runners club

Secretary: Central India Regional Council (1998-00)
Secretary: Jaipur branch (1992)

Chartered Accountant



PSD & Associates


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