The ICFAI University, Raipur has been established under Section 9(2) of the Chhattisgarh Private Universities (Establishment and Operations) Act 2005 and notified on March 25, 2011. The University is empowered by UGC to award degrees under Section 22 of UGC Act, 1956. The University is a member of the Association of Indian Universities (AIU) New Delhi.
The mission of the University is to offer world class, innovative, career- oriented professional post graduate and undergraduate programs.
The University campus is spread over 30 acres of land. It is located at Kumhari, District-Durg. It has academic blocks with classrooms which are well-equipped with latest audio-visual equipment and there are facilities with well equipped library, laboratories and computer center.