Business Succession Planning is an untapped area of practice by CAs, says author Ravi Mamodiya

• Meet Ravi Mamodiya, a Practicing Chartered Accountant (CA), Entrepreneur, and Author of ‘Business Succession Planning‘.
• He experienced succession-related issues after his father’s sudden dismissal.
• To make sure that others don’t go through the same issues as him, Ravi built a practice in business succession planning.
• Here’s how CAs can find opportunities in this area.

Backstory 

Once I completed my 12th standard, I had to decide whether to pursue an MBA or CA.

I ultimately chose CA because my accounts teacher, who was like a mentor to me, encouraged me to give it a try.

Although it was very tough, I qualified as a CA in 2011. Like most freshly qualified CAs I went to interviews, and even got selected by some banks and Public Sector Undertakings (PSUs). But it didn’t suit my interests, and eventually, I decided to start my own practice.