It was established through an Act of the State Legislature of Mizoram[3] and is recognized by the UGC under Section 2(f) of the UGC Act[4] and achieved recognition for its academic delivery and industry-institute interface.

The university is located in Durtlang,[5] the suburb of Aizawl, capital of Mizoram.

It is sponsored by the Institute of Chartered Financial Analysts of India, a not-for-profit educational society established in 1984 under the Andhra Pradesh (Telangana Area) Public Societies Registration Act, 1350 F (Act No.1 of 1350F) with the objective of imparting training in finance and management to students, working executives and professionals in India.

The university offers the following full-time programs at Aizawl, Mizoram.

The university has recently opened post graduate studies in Social Work, Economics,[7] English, Political Science, Business Administration, Commerce, History and Geography.