Rai University, now called Rai Foundation (after the verdict of Delhi Supreme court to withdraw its university status^{[citation needed]}) is a private multi-campus college in India, offering various courses on 25 campuses in India and overseas. Programs are accredited by International Accreditation Agency, Finland. It also has campuses in USA, UK, Dubai. It has campuses in Bhopal, New Delhi, Mumbai, Kolkata, Bangalore, Gurgaon, Kosi, Lucknow, Behror, Hyderabad, Pune, Indore, Pathankot and Dehradun.

Rai Foundation Colleges provides tuition support to the students registered with University of London External Program for various courses where the lead colleges are London School of Economics, Goldsmiths, King's and Birkbeck. Rai Foundation Colleges offers Edexcel awarded Higher National Diplomas (HND) and Higher National Certificates (HNC) in various subject areas as part of its Graduate Professional Diploma Honors and Graduate Professional Diploma, respectively. All the colleges under Rai Foundation are recognised by different universities in India

Rai may refer to:

Vinod Rai (born May 23, 1948) is the present Comptroller and Auditor General of India. He assumed office on 7 January 2008. He holds a Masters Degree in Economics from the University of Delhi, and Masters in Public Administration from Harvard University.He did his schooling from Vidya Niketan - Birla Public School - BPS Pilani Rajasthan. He belongs to Ghazipur UP.

Mr Rai is a 1972 batch Kerala cadre officer of Indian Administrative Service (IAS). He was the MD of Kerala State Co-operative Marketing Federation from 1977 to 1980. Prior to his appointment as Financial Services Secretary, Mr Rai was Additional Secretary in the Banking Division of the Finance Ministry.

He figured as one of the Persons of the Year in Forbes magazine January 2011.

In December 2011, he was chosen as the chief of UN external audit panel. In February 2012, CAG was complimented for professionalism, training and infrastructure by its US counterpart.