58. Sripal Jain - India's #1 Accountant

Piece Of The Pai

“For me, success is that you really enjoy certain things and then you don’t even complain about it,” says Sripal Jain, a first-generation entrepreneur and co-founder of Simandhar Education. In this episode, Sripal shares his journey from working at corporate giants to founding an educational institute that offers alternative certifications and practical skills for accounting graduates in India.

Sripal discusses his motivation behind Simandhar Education, addressing the high failure rate of the Indian Chartered Accountancy exam and limited career options for graduates. He emphasizes the importance of mentorship and practical skills to complement theoretical knowledge, preparing students for exams like the US CPA and US CMA.

The discussion highlights the challenges of “hustle” culture, the importance of delegation, and building a strong team. Sripal also touches on the declining interest in accounting among young people and how integrating technology into the CPA curriculum can revive the profession. He believes AI will automate routine tasks, but human judgment in areas like audit and advisory will remain crucial.

Sripal defines success as enjoying one’s work and making a significant impact on others’ lives. His insights go beyond the technical aspects of accounting, exploring how passion, vision, and a commitment to education can drive meaningful change. Tune in for an insightful conversation on education, mentorship, and the evolving accounting profession.

Quotes

• “I think education, personally, is not information. It’s rather a transformation… I think it’s the complete change in attitude, how you work, how you talk, how you behave. So I think these are all factors of having a great education. And one more thing, I felt that skills are very important. And today’s students, they’re not getting those practical skills which are required in order to be employable. At Simandhar, it’s not that we only teach CPA, CMA, CIE or EA. But I feel that personally, we also teach them how to be industry leaders, and make them corporate ready.” (09:29 | Sripal Jain)

• “For me, success is that you really enjoy certain things and then you don’t even complain about it.” (27:15 | Sripal Jain)

• “I think the legacy which I would leave here is to give a very strong message to education institutes. I think it’s very, very important that you take your students very seriously. And there are a lot of people who put in a lot of effort, who put in a lot of hard work and put their money on this and then they enroll with you. So I think education is not some product or a commodity. It’s actually, like I said, a transformation.” (29:47 | Sripal Jain)

Connect with Sripal Jain:

Website | https://www.simandhareducation.com/

Connect with Nesha:

Instagram | https://www.instagram.com/neshapai/ Youtube | https://www.youtube.com/@neshapai1480/videos

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