The Indian Liberal group was founded on 10th November 1965. The founding members included Minoo Masani, Prof B R Shenoy, Mr H V R Iengar, Dr Fredie Mehta, Mr Khushwant Singh and Madame Sophie Wadia. One of the objectives of the Indian Liberal Group as defined by them is that “the ILG seeks to emphasise the fact that a market economy by itself does not ensure an open society; that a free economy and a free society are two sides of the same coin; and that a free and democratic society alone will ensure a satisfying standard of life for the people.”
The Group believes in achieving the objectives of attaining freedom, social justice, tolerance in the society and equality of opportunity through various local chapters on the local level along with State and National level executives.