The IICA was established as a think tank, action research, service delivery and capacity-building institute to serve the Ministry of Corporate Affairs, corporate entities and all other stakeholders in a one-stop-shop mode, providing a platform for value-adding partnerships between government and industry stakeholders. Set up as the premier organization for cutting-edge intellectual leadership in running sustainable businesses, the IICA also aims to build capacity through a network of schools and centres.

The IICA was invested with the power to establish an academic centre for the creation and application of knowledge. In addition, IICA functions as a consultant to the professional bodies such as Institute of Chartered Accountants of India (ICAI) and Institute of Cost Accountants of India (ICSI), all of which play a pivotal role in the management of corporate entities.

IICA renders holistic insight into all issues relating to corporate affairs that impact corporate functioning, including the legislative, policy, structural, governance, regulation and inter-disciplinary and coordination issues, keeping in view the current developments and likely future scenarios.

In keeping with its vision of providing knowledge with a wide reach and ease of access, IICA endeavours to establish partnerships with institutions across the country, that are qualified to roll out the courses for individuals at centres of their convenience.