ICFAIcomplaint of ICFAI institute

This review was posted by
a verified customer
Verified customer


Please visit the above link and add ur complains there.

Hi All ICFAI MBA - Distance Learning Aspirors and existing students.

With my personal experience with ICFAI distance learning MBA, I want to educate people who are willing to join this course.

I would like to warn each student who might want to pursue this course that it is high level risk of your career and time. Please think 100 times after reading the below info if you want to join this course.

Lets start from good points ( probably some of them lured me to join the course )

1 COURSEWARE - They have an excellent courseware with high quality knowledge. They almost cover all the aspects in a particular subject for which negative part I will cover later.

2 The Brand Name - I have heard I dunno how true this is that ICFAI is one of the top Business schools.

3 No Entrance Exams - You dont need any CET / CAT or other entrance exams to join this course. Even a person winning a luna ( getting dot 35%) can join the course and think of becoming an MBA.

4 Flexible Payment - Major working low / middle class students can think of joining this course.

5 MBA degree - This can be the shortcut to get an MBA degree. Highly recommended.

6 The course is not that easy though but atleast that gives u hopes that you will learn something good.

Now Enough Lets see the other end.

$ - Fees are too high

$ - Their lectures are pathetic a normal first class graduate would have a better knowledge in certain areas than their professors ( mumbai )

$ - They are granting admission to students without any planning there is no limit. It becomes like a govt school.

$ - They charge considerably high for almost everything which they are not worth of. And this seems it is only coz of their name and books probably. But if that is the case then they are highly unproffessional.

$ - Though the books are amazing they cover major topics but how easy is it to finish studying all of this within 3 months. E.G accounts subjects start from basic FYJC accounts till MCom level accounts. Commerce students will tell you the difference in the level.

$ - The course is difficult but you dont expect to get MBA kind off knowledge wen the portion is so vast and time is so less.

I have just created this blog since im unhappy with this course and thinking of many students who have great dreams and less opportunity ( money as well) who join this course with high hopes and then cannot accept the ground reality of this course. They are somewhere fooling so many of us. People like me are not bothered of loosing money and being patient but my question is when will all this stop.


I have written a couple of emails to this organisation ( where I never got any reply and Im not expecting either ) which clearly says how disgusted I am at the moment.

Dear SSD,

Since many days I was trying to register for my Group C exam and always used to realise that the registeration are not on yet. I always used to get the message shown in the attached file.

Please check you website records as well if you think im worng.

Please give me a clear understanding if I am getting such notes how will I proceed and register for exams.Untill yesterday I was under an impression that registerations are not on yet.

Lately after my friend intimated me today that registrations are on and will now have to bear late fees. I was still calm till I was sure that I didnt miss the date. The problem now is that now I am not able to register for my exams in any nearby location from my house and almost all the centres nearby to my residence in Mumbai are full.

Some simple questions which I know ICFAI will not bother to address me till any further step is taken.

Why was this link not rectified?

Why does ICFAI do not send intimations for exam registerations if they can send double reminders for cheque clearance?

I think with ICFAI being so big they atleast must be knowing the expected footfall for certain exams with no of admissions they have. If they can make arrangements for admission who will make arrangements for exams?

Who will be responsible of my waste of three months if I cannot give the exam?

Why should I register in a village or an area miles far away from my house if have no options ?

Lastly with so high fees that you charge for the course can you please let us know if you people are actually justifying 1000rs that are charged for each exam when they cannot solve infrastructural problems.

No response to this email will only be considered a glorifying achievement in ICFAI's unprofessional approach towards educating people or another learning for me of how to run away from problems.

Finally again let me reiterate that I understand that there are problems with every organizations but they are not solved unless people


Tushar Khakhar

It would be great if someone can at least read the below email as well where I haven't got any response yet.

----- Forwarded Message ----
From: tushar khakhar
To: [protected]@ICFAI.ORG
Sent: Friday, 1 June, 2007 12:10:39 PM
Subject: Re: MBA group C classes

Dear Sir / Madam
This is to inform you that we are unhappy with the unprofessional approach towards conducting the training classes for MBA.
There are a serious of concerns that we have are mentioned below.
It has been repeatedly noticed that the classroom which is for school students is given to us. Adding to it we being a batch of 80 students ( noticing since three groups) try to accommodate in the classroom. We need to adjust ourselves to 3 student per bench. It is very difficult to concentrate in these circumstances. The joke being the professors tell us to note down the proceedings of the lecture. Normally, in those benches only two people can accommodate and write down notes easily and when three people fit in neither of the three can write anything. Also do I need to mention that we cannot use the Lift service, no coolers or air conditioners in the classroom (that is not necessary ) etc. It just makes me realise that I was a fool to join for training lectures and I don't attend classes for many such reasons. Believe me the actual scenario in the classroom is very difficult to explain.
We were still OK with this treatment till the first two groups (Group A and Group B). But now that I know that Group C is the most difficult and your past records show that the pass percentage for this group is the lowest. Being a commerce graduate myself I understand that these subjects cannot be covered in few lectures. But looking at the current situation if we still cant get the most out of what we are getting now then it is just useless to go for such training programs.
And let me add we have been complaining about this to our coordinator Poonam Padia and the least is we could expect anything from her. It seems she does not have much authority to change things or she cannot do anything as she has less options or she is not doing anything for her benefit. The responses that we get is students strength tends to reduce every week and hence they cannot conduct two batches. But how does that matter when you people have received fees from all the students.
Whatever the reason might be but also the fact is we pay Rs 3000 for training of one group. If at an average we count 50 students ( where there are actually around 80 students in my batch) the total for that batch would be Rs 1,50,000 (50 x Rs 3,000).I understand there is some rent that needs to be paid for the classroom and also remunerations to the professors. But practically speaking the rent is negligible compared to the income that you get per batch. Also considering that my batch is not the only batch conducted, there are so many batches at the same time so rent hardly matters if I consider the income from all these batches. I'm sure professors do not charge anywhere close to Rs 50,000 per batch that you cant afford one more if you split the batches. This where I need to add that, Do we even get any luxurious treatment against this?
The question I want to ask is that, in these circumstances it is difficult to sit for the lectures and If someone fails who is the person responsible.
A suggestion, please do not play with peoples career this way it takes pain to earn money and most of the students joining your MBA program cannot afford high donations and are working personnel's.
I have no hatred for ICFAI but I am upset with the way things are placed.
Again this is in the interest of the people who normally will never speak up, as in India people are used to adjust themselves in life.
I know it is difficult to change such things easily but I want my institute to get awakened and also want to let them know that they are one of the best but they can be the best in the market and this is exactly what I am trying to address.
Finally I am happy and proud that I am pursuing my masters from ICFAI but...
Hoping for your positive approach towards my email.
Thanks & Regards
Tushar Khakhar
MBA 2082399
Joined MBA (distance learning) in Borivali, Mumbai Branch.
Currently in MBA Group C
P.S - Please address this to the higher officials

Ha ha I must be very sarcastic here but ppl my intentions are also to teach these people of what I have learnt from their so called 360* Learning MBA Course.

Many of the ICFAI faculties and employees and loyal students who must have cleared very easily or must b having loads of money will revert back to this blog in anger which is what I anticipate.

Let the game begin.

Tushar Khakhar




  • St
    Student Service Department May 19, 2010

    Dear Smita,

    While you have made a comment, you have not specified the issue which caused the opinion. Kindly refer your query to [email protected]rsity.in for suitable clarification as the university always takes steps in favour of the students.

    Student Service Department

    0 Votes
  • St
    Student Service Apr 19, 2010

    Dear Mr.Abraham,

    You may directly address to the Institute itself to seek clarification at [email protected] . Please indicate the program and the enrollment number so that your grievance can be looked into.

    Student Services Department

    0 Votes
  • St
    Student Service Apr 19, 2010

    Dear Mr.Gaurav Dey,

    Please indicate the program and the enrollment number to [email protected] so that your grievance can be looked into.

    Student Services Department

    0 Votes
  • Ha
    Hanbert Oct 22, 2009

    Hi Smita,
    Why should any one fail the students with a peanut exam fee. They can as well enroll more by passing more. I think the logic is to ensure quality, so that when students get good jobs they enjoy.

    0 Votes
  • Sm
    smita sinha Oct 01, 2009

    I am a student of ICFAI but luckly i cleared most of the groups in one go, I faced problem in grp C, F & I. But I know several of student suffering from this uncurable disease named ICFAI. Once I joined ICFAI there were 96 student in our batch only from south Ex branch itself, but after group C we were only 6 and till 2009 no one amongst them has cleared all the group, only we 6s are MBAs on the paper as well as in our resume but what about those 90 students, they still writes in thier resume that "persuing MBA". Imagine the downturn they are facing.They have no solution. becoz once you infected you have to carry it for ever, it will remain in your body till death. No medicine is invented till the date. I agree that ICFAI is one of the money seeker Insitute. How can we get any remedy, who will tell us. It enroll a number of student every year, but they have no records that how many of them get passed. May be 2-5% only. Do they treat student like very rich professional who is earning a handsome money and can pay a lumpsum money of Rs. 10000/- every year. No!!!
    So students wake up now!!, never go for ICFAI, it will ruined your future, your wealth as well as your health.

    Smita Sinha

    0 Votes
  • Sh
    Shashank007 Aug 29, 2009

    It is that GOODGUY is turning BADGUY. Well.. Verify the correctness of your assessment, before coining concerted action. About placements, it is really worth to see the Institute sticking to promised placement service, even in days of recession. Appreciate its efforts.

    0 Votes
  • Gu
    gudguy1432001 Aug 13, 2009

    Dear All
    I am a student of so called money grasper university ICFAI. These people just want money for their business. They don't even care about students future. In their prospectus it written that clearing percentage for group I, J, K is above 60% but its false. Recently teachers of ICFAI they themselves told to their students that due to this recession they got clear orders from ICFAI Management to fail as many students possible so that they should get less burden for placements. Group H, I, J result was not so worst as it is from last two attempts. ICFAI is playing with careers of students just to fulfill their ###ing needs of money. By not passing students they are getting money as annual fee of 1000rs + examination fees + tuition fees. Friends please be together so that we can fight against misjudgment being done by ICFAI. ICFAI should not harm students future if they want money let give some amount to these beggars so that they should not ruin anyone's career. PLEASE BE UNITE AGAINST ICFAI.

    1 Votes
  • Ra
    raj kumar singh May 08, 2009

    dear friends
    icfai insitute dehradun was recognised by ugc but none of other centres like icfaitech bangalore, hyderabad, jaipur or bhubaneswar is recognised by any of the technical istitution or distance learning program.still in order to grab money they are opening fake centres on various parts of india like ranchi and roorkee, , plz be aware of that fake institute which even doesnot have the NOC from the state govt or from aicte or from ugc.

    0 Votes
  • An
    Anees Mar 19, 2009


    0 Votes
  • Vi
    vikrant dogra Sep 06, 2008
    This comment was posted by
    a verified customer
    Verified customer

    i m working on a joint forum, please join us, against this insitution

    vikrant dogra
    [email protected]

    0 Votes
  • De
    Deviprasad. Aug 12, 2008
    This comment was posted by
    a verified customer
    Verified customer

    I am deviprasad. i joined icfai university to complete MBA Course in distance mode. i paid 10, 000 cash and given 10 emi cheques to them. Because of heavy syllabus and job tension i discontinued the course. So i didn't paid money for 5 cheques. So ICFAI put case against me to pay remaining money.
    I am facing this problem with help my lawyer. If any body facing this type of problem, Please let me know. So we will put case against with them.

    my maild id [email protected]

    0 Votes
  • Pr
    prabhu Jul 11, 2008
    This comment was posted by
    a verified customer
    Verified customer

    why doesn't icfai feature in a press conference when its got so much of students in the university it is matter of students life and future of education system is it so easy to cheat people in india including the big names, then why is this ugc and etc are there for?
    when they can lead a student for admission why not they guide a student after the admission .what r branches doing (bangalore)

    0 Votes
  • La
    Lavin Mar 11, 2008
    This comment was posted by
    a verified customer
    Verified customer

    Hi Guys,

    If you guys are willing please send mail to my id, [email protected] In my case i've decided to go to court.


    0 Votes
  • La
    Lavin Mar 09, 2008
    This comment was posted by
    a verified customer
    Verified customer

    Hi All,

    can we all unite together? and draw the attention of media, like news papers, crime magazines etc? which will educated the Indian Citizens about the ICFAI frauds?


    0 Votes
  • Ga
    Gaurav Dey Feb 28, 2008
    This comment was posted by
    a verified customer
    Verified customer

    I had enrolled for the ICFAI MBA course. In the prospectus they had mentioned that I would be receiving three magazines per month. But they are sending none. When I wrote to them regarding this, they said that I was eligible to get the magazines only after 3 months. After 3 months when still I didnt receive the magazines, I wrote to them and am still writing to them. But they do not reply now. I tried their Airtel and BSNL numbers. But no body picks up.

    Is there any way that I can complain against this cheating that the ICFAI is doing with its students to the consumer court. Please help.

    0 Votes
  • Jo
    Job Abraham Feb 27, 2008
    This comment was posted by
    a verified customer
    Verified customer

    Today I asked ICFAI, HYD about the certification for the interest paid to them under the EMI Scheme in this financial year, but there reply was that they will not provide such a certification. They will only write that 18 PDC has been cleared without specifying the interest paid by us or any fee break-up and that too in June’08 after the clearance of all the remaining PDC’s.

    Looks like they are only concerned about there payment (EMI) and not about our requirement of showing the fee payment proof to Income tax. So I wanted to know:

    1) What is the content of the certification they provide from HYD. after the completion of all your 18 PDC?
    2) What are the options available to claim the fee paid under Income tax as it is a huge amount?

    Thanks for your help in advance.

    Job A.

    0 Votes
  • Yo
    Yogender Kaushik Jan 23, 2008
    This comment was posted by
    a verified customer
    Verified customer

    Dear Friends
    I have been debbared for one year during Oct 2007 examination. I was blamed for cheating in the examination. But they are regularly demanding for EMI. But after debbar for one year I stoped the EMI in the month of December 2007 and intimated that EMI will be started only when ICFAI will allow me for the exam after year. Kindly quide me if any one has gone though such situation. I am also wring my complained to consumer court and other justice providing agency.
    Yogender Kaushik
    MBA (Flexi programme )2093606

    0 Votes

Post your comment

    By clicking Submit you are agreeing to the Complaints Board’s Terms and Conditions


    Unhappy consumers gather online at Complaintsboard.com and have already logged thousands of complaints.
    If you see dozens of complaints about a certain company on ComplaintsBoard, walk away.
    One of the largest consumer sites online. Posting here your concerns means good exposure for your issues.
    A consumer site aimed at exposing unethical companies and business practices.
    ComplaintsBoard is a good source for product and company gripes from especially dissatisfied people.
    You'll definitely get some directions on how customer service can best solve your problem.
    Do a little research on the seller. Visit consumer complaint websites like ComplaintsBoard.