I. C. Balakrishnan is a member of 13th Kerala Legislative Assembly. He was elected from Sulthan Bathery constituency, representing Indian National Congress party.
He started his political life as a leader of KSU, while studying in GHSS Valad. He was the member of Thavinjal Grama Panchayat and Wayanad district Panchayat. He was the District President of Indian Youth Congress Wayanad. Now, he is the district president of Youth Congress, Wayanad.
He contested the 2016 election against CPIM candidate E.A. Sankaran and won the seat with a margin of 7,583 votes.
He was born in 1975 at Valad as the son of Chandu and Meenakshi. He is married to Lakshmi and has three daughters. He was born in a middle class family.
In January 2025, I. C. Balakrishnan was named as an accused in a case related to the alleged abetment of suicide of Wayanad DCC treasurer N. M. Vijayan and his son. He was arrested on 25 January 2025 and later released on bail after obtaining anticipatory bail.
In October 2025, the Vigilance and Anti-Corruption Bureau registered a case against Balakrishnan over alleged corruption linked to cooperative bank appointments in Wayanad, in connection with the same case.