The College was founded on 19th June 1946 by the People’s Education Society of which the Late Bharat Ratna Dr. B. R. AMBEDKAR M.A., Ph.D., D.Sc. (London), LL.D. (Columbia), D.Lit. (Osmania) Barat-Law, was the Chairman. The establishment of this college opened a new chapter in the history of higher education in State of Maharashtra, for the object of the Society in starting the institution was to cater to the educational needs of the ever growing population of this cosmopolitan city in general and to promote higher education among the Scheduled Caste and Scheduled Tribe in particular.’Bharat Ratna Dr. Babasaheb Ambedkar had firm faith in Education being the only instrument of the upliftment of the down trodden and the oppressed. To promote education among the weaker and backward classes in general and Scheduled Castes, Scheduled Tribes in particular. Dr. Babasaheb Ambedkar founded the People’s Education Society on 8th July 1945. The society established its first educational institution, Siddharth College of Arts & Science on 19th June, 1946. Thus opened a new chapter in the Academic annuals of the University of Bombay. The commerce stream was opened in 1980.