The India PPP Capacity Building Trust (I-CAP Trust) was setup by IDFC Ltd. under the Indian Trusts Act, 1882 and was registered on 10th October 2007 under the Registration Act, 1908 as Reg. No. 400 (2008-09). The initial Trustees of the trust were Mr. Anil Baijal, IAS (retd.) and Mr. Cherian Thomas. The trust was subsequently transferred to the IDFC Foundation in the year 2009. With the restructuring of the IDFC Group, the trusteeship of I-CAP was passed on to the Infrastructure Development Corporation (Karnataka) Limited (iDeCK) on 1st April 2017. Since the inception of the I-CAP Trust in 2007, it has been utilizing the expert resources of iDeCK in the conduct of its capacity building and research activities.