ICFAI University was established in 1984 as a not-for-profit society with the broad objective of empowering citizens through world class quality education. The ICFAI University, Himachal Pradesh was established under the provision of the Institute of Chartered Financial Analysts of India University (Establishment and Regulation) Act-2011 (Act no. 43 of 2011) as assented by the Governor on 17 Oct 2011. The University is sponsored by The ICFAI Society, a not-for- profit educational society established in 1984.