ICFAI University was established in 2011 through an Act of Chhattisgarh Private Universities (Establishment and Operation) Act, 2005 (No 13 of 2005) and Chhattisgarh Private Universities (Establishment and Operation) (amendment) Act, 2006 vide notification published in the Chhattisgarh State Gazette on 25 March 2011. The University has been empowered to award its degree by the University Grants Commission, under Section 22 of the UGC Act, 1956 and is listed in the list maintained by the UGC. The Visitor of the University is H.E. The Governor of Chhattisgarh. The University is administered as per the Act, Statutes and Ordinances. The Governing Body is headed by the Chancellor and has Vice-Chancellor and others as members. The Board of Management is headed by the Vice-Chancellor. The Academic Council headed by the Vice Chancellor is responsible for all academic matters. The University campus is located at Kumhari, Dist: Durg. The campus provides a congenial environment for education, research and learning. It has well-equipped physical and academic infrastructure. The University has no study centers.