The ICFAI University, Nagaland has been established under the Institute of Chartered Financial Analysts of India University, Nagaland Act 2006 passed by Legislative Assembly of Nagaland. is included in the list of universities maintained by the University Grants Commission (UGC) under Section 2(f) of the UGC Act, 1956. The University is a member of the Federation of Universities, India. ICFAI believes in creating and disseminating knowledge and skills in core and frontier areas through innovative educational programs, research, consulting and publishing, and developing a new cadre of professionals with a high level of competence and deep sense of ethics and commitment to the code of professional conduct.

The objectives of the ICFAI University are to provide high quality, value-based, career-oriented education for students to facilitate in understanding, developing, integrating and applying both core and specialized concepts and practices. To provide students with stimulating and learning-friendly atmosphere to utilize a higher level of their intellectual capacity, required to specialize in the respective areas of study. To produce energetic, effective, efficient and ethical professionals to meet the desired needs of the dynamic world and serve the society.