Published on November 03 , 2025
Delhi, India
The Institute of Chartered Accountants of India (ICAI) has officially declared the results for the CA Foundation, Intermediate, and Final examinations held in September 2025 on November 3, 2025. This high-stakes session saw over 352,000 candidates vying for success across more than 1,500 exam centers worldwide. With pass rates reflecting the exams’ rigor, the toppers’ stories highlight dedication, strategic prep, and resilience.
In this comprehensive guide, we break down the ICAI CA September 2025 toppers list, pass percentages, and insider insights to inspire aspiring CAs. Whether you’re celebrating a win or planning your next attempt, these details from the official results will fuel your journey.
CA Final September 2025: Toppers and Performance Highlights
The CA Final exams, conducted from September 6-17, tested advanced skills in financial reporting, auditing, and strategic management. A total of 81,852 candidates were admitted, with 11,466 emerging as qualified Chartered Accountants – a testament to the profession’s elite standards.
Key Toppers (All India Ranks 1-3)
- AIR 1: Mukund Agiwal (Dhamnod, Madhya Pradesh) – 500/600 marks (83.33%). Roll No. 638155. From a modest background, Mukund’s disciplined 12-hour study days and focus on conceptual clarity secured his top spot.
- AIR 2: Tejas Mundada (Hyderabad, Telangana) – 492/600 marks (82.00%). Roll No. 633928. A prior Intermediate topper (AIR 5 in 2024), Tejas blended practical audit exposure with tech-driven revisions.
- AIR 3: Bakul Gupta (Alwar, Rajasthan) – 489/600 marks (81.50%). Roll No. 603718. Bakul emphasized mock tests and peer learning to master complex case studies.
Pass Percentage Breakdown
| Group | Candidates Appeared | Candidates Passed | Pass % |
|---|---|---|---|
| Group I | 51,955 | 12,811 | 24.66% |
| Group II | 32,273 | 8,151 | 25.26% |
| Both Groups | 16,800 | 2,727 | 16.23% |
- Total Centers: 458 across India and abroad.
- Insight: Group II saw a slight edge in pass rates, rewarding those strong in direct taxation and advanced auditing.
CA Intermediate September 2025: Emerging Leaders in Accounting Excellence
Held from September 4-15, the Intermediate exams challenged 159,779 admitted candidates on topics like cost accounting, corporate laws, and financial management. This level’s low Group I pass rate underscores the need for balanced prep across theory and application.
Key Toppers (All India Ranks 1-3)
- AIR 1: Neha Khanwani (Jaipur, Rajasthan) – 505/600 marks (84.17%). Roll No. 168561. Neha’s secret? Daily consistency and timed past-paper drills, avoiding last-minute crams.
- AIR 2: Kriti Sharma (Ahmedabad, Gujarat) – 503/600 marks (83.83%). Roll No. 101039. Kriti leveraged online resources and group discussions for quick concept reinforcement.
- AIR 3: Akshat Birendra Nautiyal (Mumbai, Maharashtra) – 500/600 marks (83.33%). Roll No. 243231. Akshat’s early-morning routines and mentor feedback kept burnout at bay.
Pass Percentage Breakdown
| Group | Candidates Appeared | Candidates Passed | Pass % |
|---|---|---|---|
| Group I | 93,074 | 8,780 | 9.43% |
| Group II | 69,768 | 18,938 | 27.14% |
| Both Groups | 36,398 | 3,663 | 10.06% |
- Total Centers: 548.
- Insight: Females slightly outperformed in Group II (28.5% vs. males’ 25.9%), showing growing parity in advanced accounting skills.
CA Foundation September 2025: Gateway Guardians of Future CAs
The entry-level Foundation exams, from September 3-14, welcomed 112,287 candidates to basics like accounting principles and business economics. With a modest overall pass rate, these toppers exemplify early mastery through self-study and fundamentals.
Key Toppers (All India Ranks 1-3)
- AIR 1: L Rajalakshmi (Chennai, Tamil Nadu) – 360/400 marks (90%). Roll No. 421000. At 18, Rajalakshmi aced it via conceptual videos and flashcards, proving age is no barrier.
- AIR 2: Prem Agarwal (Surat, Gujarat) – 354/400 marks (88.50%). Roll No. 499411. Prem integrated fun elements like app-based quizzes into his commute-time reviews.
- AIR 3: Neel Rajesh Shah (Mumbai, Maharashtra) – 353/400 marks (88.25%). Roll No. 435828. Neel’s structured planner and family support turned routine into results.
Pass Percentage Breakdown (Gender-Wise)
| Gender | Candidates Appeared | Candidates Passed | Pass % |
|---|---|---|---|
| Male | 51,120 | 8,046 | 15.74% |
| Female | 47,707 | 6,563 | 13.76% |
| Total | 98,827 | 14,609 | 14.78% |
- Total Centers: 544.
- Insight: Males led slightly, but the narrowing gap signals more inclusive coaching access for all genders.
Essential Stats and Trends: What the Numbers Reveal About CA September 2025
- Overall Participation: Over 353,918 candidates registered across levels, with exams spanning 14 days in a hybrid online-offline format.
- Gender Dynamics: Across Foundation, females comprised 48% of passers; trends suggest rising female enrollment in higher levels.
- Global Reach: Centers in hubs like Dubai and London catered to international aspirants, boosting ICAI’s worldwide footprint.
- Historical Context: This session’s Final pass rate (up 2% from May 2025) reflects improved prep resources like ICAI’s digital modules.
