It is headquartered at GIFT City in Gandhinagar, in the state of Gujarat. Before the IFSCA was established, the RBI, SEBI, the Pension Fund Regulatory and Development Authority (PFRDA), and the Insurance Regulatory and Development Authority of India (IRDAI) regulated business in the IFSC.
The Act provides that, inside an IFSC, powers of the RBI and SEBI, among others, are exercised by the IFSCA. The individual provisions are covered in the article on India.