The Institute of Chartered Financial Analysts of India University, Tripura was established under the provisions of the Institute of Chartered Financial Analysts of India University, Tripura Act 2004 enacted by Legislative Assembly of Tripura State and notified vide Notification No F.2 (529)- DHE/UDCA/2003, dt. 15.06.2004 of Government of Tripura.
The Institute of Chartered Financial Analysts of India University, Agartala is sponsored by the Institute of Chartered Financial Analysts of India (Icfai), a non-profit educational society established in 1984 under the A.P. (Telangana Area) Public Societies Act 1350F (Act 1 of 1350F), with the objective of imparting training in finance and management to students, working executives and professionals in India.
The University has been approved by the University Grants Commission, under Section 2(f) of the UGC Act, 1956. The Distance Education Council (DEC) has approved the programs of the ICFAI University, Tripura.