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How this small-town CA moved to Dubai, took up a job on profit sharing basis and later built a successful accounting firm

A small town boy  Riyas Parat, moved to Dubai for better opportunities. who struggled quite a bit to clear CA is now running a successful Accounting firm in Dubai with offices in 3 countries.

TheFinanceStory by TheFinanceStory
Published date: 19th June, 2021
Last edited date: 12th June, 2023
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  • Hi, my name is Riyas Parat a Chartered Accountant based in Dubai.
  • I come from a small town (Chittariparamba, Kannur, Kerala) in India and in 2013 I moved to Dubai for better opportunities.
  • My journey as an entrepreneur started in 2016 in Dubai when I started ‘Alchemist Accounting’ and currently, we have offices in Bahrain, Qatar, and India.
  • I stand testimony to the fact that even after multiple attempts in clearing CA exams and several challenges you can do well in life…if you are ready to work hard to equip yourself!
  • Here is my story of how a small-town boy who struggled quite a bit to clear CA is now running a successful Accounting firm in Dubai with offices in 3 countries.

An average student can become a Chartered Accountant too!

After class 10, I decided to take the commerce stream just because I did not like science!

With absolutely zero guidance and no career plans, I was totally clueless as to what I was going to do in my life. In a way, this allowed me to choose what I wanted to do with a lot of freedom. Yeah, when seeing many parents pressurizing their kids to do what they want them to do, I should say that I was lucky enough not to have anything imposed upon me.

When I was 21, after my graduation, along with 2 of my friends Afsal & Shybinth, I decided to pursue Chartered Accountancy from ICAI, India.

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