Yes, ISRO has ambition for a full fledged manned space program, but is actually awaiting the green light from the government.
ISRO's director has clarify their planning on how they would achieve it but in India according to five year planning granted by planning commission they have to wait for year 2017 for the complete clarification of government and granting of budget.
ISRO has manned space exploration planning which are executing in parallel. some are in planning some are in development some are in testing phase.
some of these are
Crew module Atmospheric Reentry Experiment which tested a capsule type vehicle similar to Soyuz, which is I think what will send the first Indian astronauts from Indian soil.
And GSLV MK3 is the workforce which is going to send the capsule up to orbit.
There is an astronaut programme is also in planning awaiting the government decision.
This is going to be final phase of RLV experiments.
All in all ISRO has planned a manned space program which depends on the political will and need of government.
Although ISRO's motto is different from other space agencies out there.