Institute of Contemporary Indian Art
ICIA is a privately held Mumbai-based art gallery, operating since 2007 from a 400 sq meter venue in Kala Ghoda. It presents museum-quality contemporary Indian art exhibitions, represents renowned and emerging artists, and participates in international art fairs to serve collectors, connoisseurs, and the global art community.
- Company typePrivate
- Founded2007
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Institute of Contemporary Indian Art does
The Institute of Contemporary Indian Art (ICIA) is a privately held, single-location art gallery founded in 2007 and headquartered in Mumbai's Kala Ghoda art district at the ICIA Building, Rampart Row. It operates from a 400 square meter landmark venue open daily 11:00 AM – 7:00 PM IST, presenting museum-quality exhibitions of modern and contemporary Indian art featuring both renowned and emerging artists, including M.F. Husain, S.H. Raza, Krishen Khanna, Himmat Shah, and Tom Vattakuzhy.
The gallery's core offerings are its Exhibition Viewing Experience, Artist Representation, E-Catalogues (PDF publications documenting exhibitions), and an International Art Fair Platform through which it participates in events such as the India Art Fair. Its underlying technology is a WordPress-based website used for exhibition information, artist profiles, and downloadable e-catalogues; there is no proprietary technology, no mobile application, no APIs or SDKs, and no AI or machine-learning capabilities in evidence. The company earns revenue primarily through commissions on the sale of contemporary Indian artworks (transaction-fee model) and through exhibition and curation services provided to artists and collectors (professional-services model). Pricing is not publicly disclosed; art sales are conducted via private consultations and RSVP-based exhibition visits. Its go-to-market is event-driven: solo and group exhibitions serve as the primary commercial mechanism, supplemented by international art-fair participation, press and media coverage, and partnerships with AstaGuru (auction house), RPG Art Foundation, The Collector's Cove, and Arts Trust. The company is led by Chairman Vickram Sethi, Director Tushar Sethi, and General Manager Anthony Diniz.
Institute of Contemporary Indian Art firmographics
Firmographics- Name
- Institute of Contemporary Indian Art
- Legal name
- Institute of Contemporary Indian Art
- Website
- https://icia.in
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ICIA is a privately held Mumbai-based art gallery, operating since 2007 from a 400 sq meter venue in Kala Ghoda. It presents museum-quality contemporary Indian art exhibitions, represents renowned and emerging artists, and participates in international art fairs to serve collectors, connoisseurs, and the global art community.
- Ownership category
- akta.pro rank
Where Institute of Contemporary Indian Art is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Institute of Contemporary Indian Art business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others, Infrastructure
Revenue model
- Art Sales and Commissions: As an art gallery, ICIA generates revenue through the sale of contemporary Indian artworks. The gallery represents artists and earns commissions on sold works during exhibitions and at international art fairs.
- Exhibition Services: The gallery provides exhibition space and curation services, facilitating connections between artists and collectors.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Institute of Contemporary Indian Art product offering
Product offeringCore offering
ICIA is a single-location art gallery in Mumbai's Kala Ghoda district that curates and presents museum-quality exhibitions of contemporary Indian art. It represents both renowned and emerging Indian artists, sells artworks through private consultation, publishes digital e-catalogues documenting exhibitions, and represents artists at international art fairs to connect them with global collectors.
Product overview
The Institute of Contemporary Indian Art (ICIA) is a single-location art gallery operating as a unified offering rather than a modular platform. Located in Mumbai's Kala Ghoda arts district since 2007, ICIA provides three interconnected services: the physical Exhibition Viewing Experience for museum-quality art shows, E-Catalogues as digital documentation of exhibitions, and Artist Representation connecting artists with global collectors. The gallery participates in international art fairs to expand artist visibility.
Differentiator
Problem solved
Functional benefit
Products and services
- Exhibition Viewing Experience Physical gallery space in Kala Ghoda, Mumbai presenting museum-quality exhibitions of modern and contemporary Indian art since 2007, showcasing works by renowned and emerging Indian artists.
- E-Catalogues Digital catalogues and publications available as PDF downloads for exhibitions, documenting artist works and exhibition details for collectors and enthusiasts.
- Artist Representation Gallery representation and promotion of contemporary Indian artists, facilitating connections between artists, collectors, and the global art community through exhibitions and international art fair participation.
- International Art Fair Platform Enabling artist participation in major international art fairs and exhibitions, expanding opportunities for artists and collectors at global forums such as the India Art Fair.
Quantifiable outcome
- 525+ visitors attended 'Shadows of Absence' exhibition
- +1 more outcomes
Companies that use Institute of Contemporary Indian Art
Customer profileSegments3 records
Ideal customer profiles3 records
Institute of Contemporary Indian Art technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Institute of Contemporary Indian Art partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- AstaGurucoreAstaGuru is a co-presenter of ICIA exhibitions, notably 'The Shadows of Absence' by Tom Vattakuzhy. The partnership combines auction house expertise with gallery exhibition space.
- RPG Art FoundationminorCollaborated on 'The Camera Man' public art installation by Suryakant Lokhande, installed outside Mehboob Studios in Bandra, Mumbai.
- The Collector's CoveminorReferral and registration partnership for collectors, expanding reach to art buyers.
- Arts TrustminorPartner for artist exhibitions, including solo shows for artists like Anu Agarwal.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Institute of Contemporary Indian Art competitors and assessment
Company assessmentDirect peers
- AstaGuru: Mumbai-based auction house specializing in Indian modern and contemporary art. Listed as ICIA's core partner and a co-presenter of marquee exhibitions; operates in adjacent part of same art market.
- Vadehra Art Gallery: One of India's leading contemporary art galleries with locations in New Delhi and internationally, representing major Indian artists. Directly comparable to ICIA in business model—artist representation, gallery exhibitions, international art fair participation.
- Saffronart: Leading Indian online art auction house and private sales platform with extensive reach into global Indian art collectors. Comparable as a sales channel for Indian modern and contemporary art, though predominantly online.
- Chemould Prescott Road: Historic Mumbai gallery (founded 1963) representing modern and contemporary Indian artists with international art fair participation. Direct peer given shared Mumbai base, artist roster, and gallery model.
- Nature Morte: New Delhi-based gallery founded in 1997, focused on contemporary Indian and South Asian art with strong international art fair presence. Comparable as a single-focus contemporary Indian art gallery serving collectors globally.
- Aicon Gallery: International gallery with strong focus on modern and contemporary South Asian art, with locations in New York and London. Comparable to ICIA in artist roster and collector target, but with international physical presence.
- Jhaveri Contemporary: Mumbai-based contemporary art gallery representing established and emerging Indian artists, participating in international art fairs. Direct peer to ICIA in target market, business model, and operational scale.
- Gallery Maskara: Mumbai-based contemporary art gallery representing international and Indian artists. Comparable to ICIA in business model and target market, though with a more international program focus.
Broad incumbents
- Sotheby's: Global auction house with dedicated Indian and South Asian art category. Comparable as a sales channel for high-value Indian art, but with a much broader luxury and collectibles portfolio.
- Christie's: Global auction house with significant Indian art operations and private sales. Operates in the same buyer-seller relationship as ICIA but at vastly larger scale and with broader category coverage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Institute of Contemporary Indian Art social profiles
Digital presenceInstitute of Contemporary Indian Art financial estimates
Financial estimateRevenue estimate
Valuation estimate
Institute of Contemporary Indian Art leadership team
Management profileNumber of profiles
Profiles3 records
Institute of Contemporary Indian Art funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Institute of Contemporary Indian Art M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Institute of Contemporary Indian Art
What does Institute of Contemporary Indian Art do?
ICIA is a single-location art gallery in Mumbai's Kala Ghoda district that curates and presents museum-quality exhibitions of contemporary Indian art. It represents both renowned and emerging Indian artists, sells artworks through private consultation, publishes digital e-catalogues documenting exhibitions, and represents artists at international art fairs to connect them with global collectors.
Is Institute of Contemporary Indian Art a public or private company?
Institute of Contemporary Indian Art is a private company. It is classified as family owned and is currently operating.
When was Institute of Contemporary Indian Art founded?
Institute of Contemporary Indian Art was founded in 2007. It employs 11 to 50 people.
Where is Institute of Contemporary Indian Art based?
Institute of Contemporary Indian Art is headquartered in Mumbai, India, in the Asia region.
How does Institute of Contemporary Indian Art make money?
Two revenue lines are on record. Art Sales and Commissions are the primary driver. The others are exhibition Services.
Who are Institute of Contemporary Indian Art's main competitors?
Direct peers on record are AstaGuru, Vadehra Art Gallery, Saffronart, Chemould Prescott Road, Nature Morte, Aicon Gallery, Jhaveri Contemporary and Gallery Maskara. Broad incumbents are Sotheby's and Christie's.
Does Institute of Contemporary Indian Art have an API?
No public API is recorded for Institute of Contemporary Indian Art.