The IEC Business School (Under IEC Group of Institutions) started functioning under the aegis of the Vocational Educational Foundation (VEF) in the year 2007. VEF came into existence in 1989 with the aim of providing relevant and reliable education in different parts of India.

Vocational Educational Foundation strives to provide high quality education and leaves no stone unturned to achieve this goal. The members of VEF constantly monitor the operations of all the institutions under its management to ensure transparency and accountability to maintain the high ideals that VEF stands for.