"A New Vision of Dignity , Self-Respect , Self-Reliance , and Self-Dignity , Enlighting Society through Education"
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The college was established in 1953 under the management of People’s Education Society founded by Bharat Ratna Dr. B.R. Ambedkar, M.A., Ph.D., D.Sc. (London), LLD. (Columbia), D.Litt. (OSM), Bar at Law. The Society’s objective in starting a College of Commerce and Economics in the City of Mumbai was to cater to the educational needs of the ever growing population of the City of Mumbai in general and to promote higher education among the Backward Classes in particular.

It is now our endeavour to take our College to even greater heights of glory in the national and international fields. With this objective in mind the administration of the College is being toned up so that the future students of this College will gain even greater prominence in national and international fields.