ICFAI was established in 1984 as a not-for-profit society with the broad objective of empowering citizens through quality education. The Institute marked its presence in the Indian education fora by launching a high end, innovative professional programme in financial analysis in 1985. The programme was first-of-its-kind in India, aimed to equip students and working professionals with cutting-edge knowledge in contemporary areas of finance. Since its inception, ICFAI Group has made a significant mark in the Indian educational field with a pan-Indian network and presence.
ICFAI Group has established campuses across 16 States which includes 11 ICFAI Universities, 9 ICFAI Business Schools, 7 ICFAI Tech Schools and 6 ICFAI Law Schools. All the programmes offered in these campuses emphasise on academic rigor and differentiated curriculum that bridges the industry- academia gap.
Innovation has been the mainstay of ICFAI Group with innovation prevalent in its programmes and even in its culture. ICFAI started, ICFAI Business School (IBS) in 1995 to offer MBA Programme. Since its inception, IBS has been consistently placed among the top ranked B-Schools of India providing excellent academics and infrastructure to its students and transforming them into future leaders. Another example that is a testimony to the culture of innovation is the introduction of Case Study Methodology at IBS. The Case Research Centre at IBS has become a centre of excellence and has won several accolades across the world.
Outstanding Achievements by the Case Research Centre
- ICFAI is the third largest contributor of cases, next only to Harvard and INSEAD B-Schools
- In 2015, 7 percent of The Case Centre’s 150 Best Selling Cases were from ICFAI
- ICFAI cases were taught in more than 870 B-Schools across 75 countries in the world
- In 2015, the sales of ICFAI cases made up 7.5 percent of the Case Centre’s sales
- ICFAI currently contributes 6,000 cases to the Case Cen- tre, UK which forms more than 10 percent of their total collection of 57,318 cases
ICFAI Group focuses on learning rather than instruction. In addition, the institute engaged in important areas of research covering environmental sustainability, agricultural economics, health policy, financial economics, banking, intellectual property rights etc. There have been path-breaking research and good quality publications in these areas.
ICFAI’s Teaching Methodology
The ICFAI Group’s culture of teaching and learning supports and fosters intellectual and personality development among its graduating students. The programme as a whole is designed in a way that it makes the students DO and ACHIEVE and not just limit themselves to ivory tower thinking. Fun-filled and tech enabled learning also plays an important role in ICFAI’s teaching methodology. The delivery takes place with the use of hi-tech learning management system at IBS. It also needs to be enjoyable to enable easy learning. This leads to a learning that helps in holistic development of the pass-outs. They carry an attitude of ownership towards their work. ICFAI strives to make the students – DOERS.
N J Yasaswy (1950-2011), founder of the ICFAI Group of educational institutions and a pioneer in promoting higher education in the private sector, had a brilliant academic career: B.Com (Andhra University 1969 – First Rank), CA Inter (May 1971– First Rank), CA Final (May 1973 – First Rank), ICWA Inter (July 1970 – First Rank) and ICWA Final (July 1972 – First Rank). He was the recipient of the Basu Foundation Award for the Best Student of the Year from both – The Insti- tute of Cost and Works Accountants of India (in 1972) and The Institute of Chartered Accountants of India (in 1973). He stood for professional management, excellence in the quality of education offered in the ICFAI institutions, and absolute discipline. He was charismatic, a great teacher, an in- stitution builder, a visionary and a genius who was years ahead of his time. His vision will continue to guide ICFAI forever.
The programmes are designed such that the professionals passing out of the institution have the ability to take risks, make decisions and own the work. Apart from this, students also inculcate research and analytical orientation because of institutional strengths in research and case methodology. Holistically, the student undergoes a transformative change. The alumni of ICFAI Group are working in renowned companies world-wide. Collectively, ICFAI Group alumni contribute significantly to the growth story of India.
- Great Place to Study Certification 2017-18 – GPTS Research Institute
- Thought Leadership Award 2017 for ICFAI Case Research Center – Skill Tree Knowledge Consortium
- Best Higher Education Brand for Innovation in Curriculum – 2017 – Business World Education Award
- Iconic University of India 2017-18. Awarded by World’s Greatest Brands and Leaders Asia and GCC. – URS, Asia One & PwC.