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IBS is a constituent of ICFAI Foundation for Higher Education (IFHE), a deemed to be University graded A+ by the National Assessment and Accreditation Council (NAAC) in 2022. Established in 1995, IBS Business School, Ahmedabad also known as IBSA is it based in Gujarat. IBS Ahmedabad has eight sister institutes, namely IBS Dehradun, IBS Jaipur, IBS Gurgaon, IBS1 Hyderabad, IBS1 Mumbai, IBS Bangalore, IBS Pune, and IBS Kolkata.