Marwadi Education Foundation’s Group of Institutions (MEFGI) was incepted as a major organ of Marwadi Education Foundation in 2008, under the Bombay Public Trust Act 1950. Marwadi University is promoted by Marwadi Shares and Finance Limited (MSFL) a major stock broking company in India & Chandarana Intermediaries Brokers Pvt. Ltd. (CIBPL), a leading firm dealing in technical and arbitrage trading in Indian Stock Markets. Based on the excellence achieved, Marwadi University bill was passed in Gujarat Assembly and Marwadi University was established by Gujarat Private Universities act 9 of 2016 on 9th May, 2016.
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