The institute has a national presence with the sponsoring and establishment of eleven universities across India. Ten of these eleven universities have been established in the states of Uttarakhand, Tripura, Jharkhand, Mizoram, Nagaland, Sikkim (IFAI Sikkim provides Financial Analyst through correspondence mode as well), West Bengal, Meghalaya, Chhattisgarh, Rajasthan and Himachal Pradesh through acts passed by the legislative assemblies of the respective states. The eleventh university, namely the ICFAI Foundation for Higher Education (IFHE), has been declared as a deemed-to-be University under Section 3 of the UGC Act, 1956. A few more university applications are at an advanced stage of processing by the respective state governments.