[1] The fair includes paintings, sculptures, photography, mixed media, prints, drawings and video art.
The first three editions of the fair were organized at Pragati Maidan,[2] one of India's largest and oldest exhibitions grounds.
It was patronised by prominent Indian artists like Anjolie Ela Menon, S H Raza, Krishen Khanna and Keshav Malik.
[7] In 2009 the highlight of the fair was a display of Pablo Picasso's works, exhibited by Beck & Eggeling, a German gallery.
The same year Lisson Gallery brought diaspora artist Anish Kapoor's sculptures to India for the first time.
At the same time Will Ramsay too divested his stake in the India Art Fair to new owners MCH Group(60.3%), Sandy Angus (29.7%) and Neha Kirpal(10%).
Mr.Sunil Gautam, Founder and Managing Director of India Art Summit,(then chairman, Hanmer & MSL) divested his entire stake in 2011 by the time of 3rd edition [9] 2011: The third edition hosted 84 gallery booths, and visitor levels significantly rose to 128,000.
2014: The sixth edition featured 91 booths and modern and contemporary works by over 1,000 artists from India and overseas.
[16] A number of new spaces were launched, including the Design Store located in the new IAF Courtyard, as well as a new rooftop restaurant 2016: The eighth edition: BMW joined as Presenting Partners, and the fair was restructured into 5 main sections: Galleries, featuring leading Indian, South Asian and international galleries; Focus, showing solo presentations which have been curated by participating galleries or institutions; Institutional, showcasing leading international and Indian museums and art foundations presenting elements of their programmes or collaborations commissioned specially for the fair; Platform, representing young emerging artists or collectives from throughout South Asia, open to galleries and foundations within the region; and Projects, showing artworks, including large scale sculptures or site specific installations, at the fair.
With the participation of MCH Group and the co-ownership with Angus Montgomery Ltd. (29.7%) and the Founding Director Neha Kirpal (10%), India Art Fair will have new ownership for its ninth edition taking place 2–5 February 2017.