The Institute of Cost Accountants of India (ICMAI) has released the list of top performers for the CMA Foundation December 2025 examination. This merit list names 22 students who achieved the top 10 ranks across India.
The CMA Foundation exam is the first step for students who want to become Cost and Management Accountants. More than 16,000 students appeared for the CMA Foundation December 2025 exam. Out of these, 22 candidates secured positions in the top 10 ranks. The list includes 13 female students and 9 male students , showing strong performance from both genders.
Among the top rank holders, Vidhan Chhabra from Jaipur achieved the All India Rank (AIR) 1. Following closely, Krishna Shishodiya from Beawar secured Rank 2. The merit list shows students from many cities doing well.
CMA Foundation December 2025 Toppers List
Here is the full list of candidates who made it to the top 10 ranks:
| Rank | Candidate Name | Gender | City |
| 1 | Vidhan Chhabra | Male | Jaipur |
| 2 | Krishna Shishodiya | Female | Beawar |
| 3 | Venkata Vijaya Surya Chaithanya Gelli | Male | Vijayawada |
| 3 | Sanjana Sahu | Female | Beawar |
| 4 | Rahul Radheshyam Vaishnav | Male | Surat |
| 4 | Muskan Athwani | Female | Jaipur |
| 5 | Aishwarya Devi D | Female | Guntur |
| 5 | Yogesh Shishodiya | Male | Beawar |
| 6 | Avisha Jain | Female | Bhilai |
| 7 | Aryan Rupesh Kamble | Male | Ratnagiri |
| 7 | Bhoomika Agarwal | Female | Jaipur |
| 7 | Anshika Munjal | Female | Bikaner |
| 8 | Soham Milind Joglekar | Male | Pune |
| 8 | Dishant Hirenbha Vakhariya | Male | Surat |
| 8 | R Sneha | Female | Trivandrum |
| 9 | Simanto Bablu Gupta | Male | Mumbai |
| 9 | Adnya Ashok Gharat | Female | Kalyan |
| 9 | Radhika Sujit Marathe | Female | Pune |
| 9 | Ajina Aby | Female | Kottayam |
| 9 | Antima Periwal | Female | Bikaner |
| 10 | Abhijayanirudha V B J | Male | Chennai |
| 10 | Kadeeja Safa E | Female | Kottakkal (Malappuram) |
Cities with Top Performers
The results show that students from different parts of India have performed well. Jaipur and Beawar each have the highest number of top performers, with three students each . These cities have shown strong results in the CMA Foundation December 2025 examination.
Other cities also made a mark on the toppers list. Pune , Surat , and Bikaner each contributed two students to the top ranks. This wide spread of successful candidates shows that hard work and dedication can lead to success from anywhere in the country.
What's Next for Successful Students?
Students who have passed the CMA Foundation December 2025 exam can now move to the next level. They can enroll for the CMA Intermediate course . This is the second step in their journey to become a certified Cost and Management Accountant. ICMAI helps guide students through these different stages of the CMA program.
