The Institute of Financial Analysts of India (IFAI) was established in 1984 as a non-profit educational society in Hyderabad, Telangana, India. The institution has been offering education to students across India through its various programs in the field of higher education. The institution was founded by N. J. Yasaswy, Besant C. Raj and Dr. Prasanna Chandra, the Director of Centre for Financial Management. 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 , 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. (en)