The Institute of Cost Accountants of India (erstwhile The Institute of Cost and Works Accountants of India) was first established in 1944 as a registered company under the Companies Act with the objects of promoting, regulating and developing the profession of Cost Accountancy. On 28th May, 1959, the Institute was established by a special act of Parliament, namely, the Cost and Works Accountants Act, 1959 as a statutory professional body for the regulation of the profession of cost and management accountancy. It has since been continuously contributing to the growth of the industrial and economic climate of the country.
The Institute of Cost and Works Accountants of India is the only recognised statutory professional organisation and licensing body in India specialising exclusively in Cost and Management Accountancy.
List of Companies where students have got placements: Abhijeet Industries, Bata India Ltd, Castrol India Ltd, Dunlop India Ltd, Genpact Ltd, Hatson Agro Products, ICICI Bank, Jindal Drilling and Industries Ltd, LANCO Infratech Limited