ICICI Foundation for Inclusive Growth

What ICICI Foundation for Inclusive Growth does

ICICI Foundation for Inclusive Growth is the Corporate Social Responsibility (CSR) arm of ICICI Group, established in 2008 and headquartered in Mumbai, India. It operates as a non-profit charitable trust that designs and implements inclusive development programs across five core verticals: Healthcare (cancer care, cardiac and trauma care, vision care), Environment (forest interventions, watershed, plantation, renewable energy, waste management), Livelihood (skilling and rural development), Community Development (sports and financial literacy), and Research and Innovation. The foundation has reported an aggregate reach of 20 billion+ lives impacted since inception, alongside quantified environmental outcomes including 5 million trees planted, 34.37 billion litres of water recharge potential created, 56 forests supported, and 91 villages powered by 100% solar energy.

The foundation executes programs almost entirely through strategic institutional partnerships rather than direct internal delivery. Named partners include the AIIMS network for advanced cardiac and trauma care, Tata Memorial Centre (where a ₹1,800 crore commitment — the largest institutional contribution to TMC — is funding three new cancer care blocks at Navi Mumbai, Mullanpur, and Visakhapatnam), Sankara Nethralaya for vision care, the National Skill Training Institutes (NSTIs) for Industry 4.0 skilling, the Eklavya Model Residential Schools (EMRS) for grassroots sports, IIT Kanpur (co-developing the ICICI Digital Health Stack including a Real Time Bed Availability and Referral Portal deployed at Maha Kumbh 2025), IIT Mandi (EWOK rural livelihood initiative), IIT Bombay (biomedical research), Tata Power (Project GhanVan plantation), and the Satpura Tiger Reserve. Healthcare beneficiaries exceed 3 million, skilling beneficiaries exceed 84,000, and financial literacy beneficiaries exceed 66,000.

The foundation has no commercial revenue stream and charges beneficiaries nothing for its programs. All funding flows from CSR allocations made by ICICI Group companies (principally ICICI Bank), and operating governance sits with a Governing Council chaired by Mr. Sandeep Bakshi (MD & CEO, ICICI Bank), with Mr. Sanjay Datta serving as President of the foundation. Distribution is domestic only — pan-India — and programs are deployed through a mix of strategic institutional co-development, government-channeled infrastructure (NSTIs, EMRS, municipal corporations), and direct village-level implementation. Pricing is not applicable given the non-profit model.

Name

ICICI Foundation for Inclusive Growth

Legal name

ICICI Foundation for Inclusive Growth

Website

https://icicifoundation.org

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

ICICI Foundation for Inclusive Growth is the non-profit CSR arm of ICICI Group, founded in 2008 and headquartered in Mumbai. It implements inclusive development programs across healthcare, environment, livelihood, community development, and research in India, partnering with premier institutions such as AIIMS, Tata Memorial Centre, and the IITs.

Ownership category

akta.pro rank

Product category

CSR and Social Development Programs

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Civic and Social Organizations (81341)

SIC

Services-Social Services (8300)

akta.pro primary industry

Infrastructure, Housing & Community Development (BPAGABAL)

akta.pro secondary industries

Human Rights, Social Inclusion & Disability Inclusion (BPAGABAN), Health Equity, Access & Social Determinants Programs (BPAIAJAO), Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ), Education Access & Quality (International Development) (BPAGABAE)

Keywords

• Social development programs
• Healthcare infrastructure support
• Environmental conservation initiatives
• Skill development programs
• Community development services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. CSR Funding from ICICI Group: As the CSR arm of ICICI Group, the foundation is funded through corporate social responsibility allocations from ICICI Bank and group companies. The foundation does not generate commercial revenue but operates as a charitable trust implementing social development programs.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

ICICI Foundation for Inclusive Growth operates as the CSR arm of the ICICI Group, implementing social impact programs across five verticals: Healthcare (cancer, cardiac, and vision care infrastructure), Environment (forest interventions, watershed, plantation, renewable energy, waste management), Livelihood (skilling and rural development), Community Development (sports and financial literacy), and Research and Innovation. All programs are delivered free of cost to beneficiaries through strategic partnerships with government bodies, academic institutions, and healthcare providers across India.

Product overview

ICICI Foundation for Inclusive Growth is the CSR arm of the ICICI Group, operating as a portfolio of social impact programs rather than a commercial product platform. The foundation offers five interconnected program areas: Healthcare (Cancer Care, Cardiac and Trauma Care, Vision Care), Environment (Forest Interventions, Watershed, Plantation, Renewable Energy, Waste Management), Livelihood (Skilling, Rural Development), Community Development (Sports, Financial Literacy), and Research and Innovation. These programs work together to address inclusive growth through healthcare access, environmental sustainability, skills development, and community empowerment across India.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare Program Making healthcare accessible and affordable through capacity building, equipment support, and need-based aid for quality care. Focuses on cancer care, cardiac and trauma care, and vision care. Delivered free of cost to underserved populations across India through partnerships with premier medical institutions.
• Environment Program Strengthening biodiversity through initiatives supporting water, renewables, plantation, and waste management. Addresses water security, waste management, renewable energy, and biodiversity conservation. Delivered through partnerships with Tata Power, Satpura Tiger Reserve, and municipal corporations.
• Livelihood Program Advancing livelihood and entrepreneurship opportunities through skilling and rural development initiatives. Equips individuals with industry-relevant skills and promotes entrepreneurship. Delivered in partnership with National Skill Training Institutes (NSTIs), IIT Mandi, ICAR, and EDII.
• Community Development Program Supporting community development through interventions in sports, financial literacy, and other need-based aids. Promotes informed financial behaviors and access to sports infrastructure. Delivered in partnership with Eklavya Model Residential Schools (EMRS), NISM, and NIIT Foundation.
• Research and Innovation Program Enabling capacities for driving evidence-based solutions and innovative approaches to address evolving social and development challenges through fundamental, applied, and translational research. Includes development of digital health platforms and biomedical technology research.

Quantifiable outcome

• 20.0 billion lives impacted across all programs
• +7 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered flagship, core and minor.

• Tata Memorial CentreflagshipStrategic or Co-development Partner · 1 January 2023ICICI Bank, through ICICI Foundation, committed ₹1,800 crores for development of three state-of-the-art cancer care blocks at Navi Mumbai, Mullanpur (New Chandigarh), and Visakhapatnam. This is the largest contribution to TMC by any institution. The Navi Mumbai center focuses on radiation oncology while Mullanpur and Visakhapatnam focus on paediatric and haematological cancers including CAR-T cell therapy.
• AIIMS NetworkcoreStrategic or Co-development PartnerICICI Foundation supports the AIIMS network by enabling advanced cardiac and trauma care infrastructure across multiple institutions pan-India. Interventions include establishment and enhancement of cath lab facilities, provision of advanced medical equipment, and strengthening of trauma care capabilities to improve access to affordable and quality healthcare.
• Sankara NethralayacoreStrategic or Co-development PartnerSupported the strengthening of specialized eye care services at Sankara Nethralaya, Tamil Nadu, by enabling development of dedicated glaucoma and uvea care facilities including renovation and expansion of consultation and treatment spaces with advanced diagnostic equipment.
• Tata PowercoreStrategic or Co-development PartnerCollaboration on Project GhanVan for greening through plantation at Tata Power's Mulshi Dam site in Vandre. The initiative transformed a barren plantation site into a thriving green ecosystem with over 8,350 saplings planted achieving 98% survival rate, and expanded to Prayagraj.
• IIT MandicoreStrategic or Co-development PartnerPartnership under IIT Mandi's EWOK (Enabling Women of Kamand) initiative to strengthen rural livelihood opportunities for farmers in Kamand, Kataula and Katindhi valleys. Activities include walnut and apricot value chain development, processing units, and market linkages.
• IIT KanpurcoreStrategic or Co-development PartnerPartnership for ICICI Digital Health Stack initiative to develop deployable technology for evidence-based, person-focused, and digitally enabled healthcare delivery in Uttar Pradesh. Team developed Real Time Bed Availability and Referral Portal (RT-BARP) deployed during Maha Kumbh 2025.
• IIT BombaycoreStrategic or Co-development PartnerPartnership to revolutionise biomedical research and technology addressing critical healthcare gaps in India. The collaboration focuses on fostering home-grown solutions that are accessible, affordable, and scalable.
• National Skill Training Institutes (NSTIs)coreStrategic or Co-development PartnerStrengthening India's skilling ecosystem through development of advanced labs across 9 NSTI centers with 22 lab set-ups for Industry 4.0 trades in AI, electric vehicles, robotics, semiconductors, renewable energy, and medical electronics. Program enables training for 6,350+ beneficiaries.
• Satpura Tiger Reserve & Madhya Pradesh Tiger FoundationcoreStrategic or Co-development PartnerIntegrated interventions for forest ecosystem restoration and community development including habitat restoration across 15,603 hectares, water conservation (140+ water bodies), wildlife conservation infrastructure, and livelihood support for local communities. Barasingha population increased from 16 to 80.
• NISM and NIIT FoundationcoreStrategic or Co-development PartnerPartnership for Pan-India financial literacy program delivery. Trained financial literacy partners conduct sessions across geographies and audience segments including women, youth, working professionals, rural communities, and defence personnel.
• ICAR and EDIIcoreStrategic or Co-development PartnerCollaboration for rural development projects with focus on value chain development. Working with agricultural universities and FPOs at ground level to connect lab research to land implementation for rural communities.
• Municipal CorporationsminorStrategic or Co-development PartnerEnd-to-end waste management solutions through collaboration with municipal authorities and FSTPs. Support includes 200+ e-garbage vehicles, mini collection facilities, bio digesters, and aero tiller machines for sustainable waste handling.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aditya Birla Foundation: CSR arm of the Aditya Birla Group, running programs in education, healthcare, sustainable livelihoods, and rural infrastructure. Comparable scale and thematic scope to ICICI Foundation.
• Tata Trusts: India's largest corporate philanthropic foundation, funding healthcare, education, livelihoods, and rural development. Directly comparable as a large Indian corporate foundation with multi-thematic CSR programming anchored by a major industrial group.
• Reliance Foundation: CSR arm of Reliance Industries, operating across healthcare, education, rural transformation, sports, and disaster response with pan-India scale. Closely comparable thematic mix and corporate-funder model to ICICI Foundation.
• Infosys Foundation: CSR arm of Infosys, focused on education, healthcare, rural development, and arts. Comparable as an IT-services corporate foundation executing multi-thematic social programs across India.
• HCL Foundation: CSR arm of HCL Technologies, running programs in education, healthcare, environment, and rural livelihoods. Comparable corporate-funder model and multi-thematic inclusive-growth portfolio.
• Wipro Foundation: CSR arm of Wipro, focused on education, skilling, healthcare, and community development. Comparable in operating model (corporate CSR trust) and program focus areas (skilling, community).
• Mahindra Foundation: CSR arm of the Mahindra Group focused on education, health, and rural development. Comparable as a conglomerate-backed Indian corporate foundation with multi-state rural programs.
• Bharti Foundation: CSR arm of Bharti Airtel, primarily focused on education and rural development. Comparable as a corporate foundation operating programs in Indian underserved communities.

Others

• Tata Memorial Centre: A flagship recipient partner, not a peer. Listed as a benchmark recipient institution for cancer care CSR deployments in India; useful for understanding the scale of anchor partnerships ICICI Foundation builds.

Broad incumbents

• Bill & Melinda Gates Foundation: Global philanthropic foundation with major health, development, and inclusive-growth portfolios, including India-focused programs. Comparable as a large-scale health/development grantmaker, though operating at far greater scale and global scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/icicifoundation
• YouTubeyoutube.com/channel/UC
• Facebookfacebook.com/share/1AiV5qn8vX
• LinkedInlinkedin.com/company/icicifoundation
• Instagraminstagram.com/icicifoundation?igsh=Z2FzdDkwOWZ0Z2pt

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about ICICI Foundation for Inclusive Growth