Laxmichand Golwala College of Commerce and Economics was started on 15th August, 2009 with 26 students on a permanently non-grant basis. The College has been accredited by NAAC with a ‘B’ Grade and CGPA of 2.8 in first cycle and Re-accrediated with B++ Grade in second cycle. Also, college is notified under section 2(f) and 12(B) in UGC Act, 1956.

This college was started to cater the needs of higher education and provide affordable education for low-income group. Because of such a foresight, today our college is much sought after for traditional courses as well as specialised courses. Trustee and Managing Committee’s innovative ideas have enthused all of us here to keep moving forward by introducing new courses in both PG and UG Sections. Their guidance from time to time has helped college to grow since inception. The mission of our college is to strengthen the students academically, socially and economically. There are today nearly 3500 students in the college. Students are encouraged to take part in all the activities including academics, sports and cultural.

Today the college offers a variety of courses at the Undergraduate and Postgraduate levels of Commerce Streams under the University of Mumbai. The Programmes offered at Undergraduate levels are Bachelor of Commerce, B.COM. (Banking & Insurance), B.COM. (Accounting & Finance), B.COM. (Financial Market), B.COM. (Investment Management), B.COM (Transport Management), and Bachelor of Management Studies (BMS), BAMMC (Bachelor of Arts in Multimedia and Mass Communication), B.Sc. in Information Technology, B.Sc. in Computer Science, Bachelor of Arts and Postgraduate Programmes such as M.COM. (Advanced Accounting), M.COM. (Banking & Finance), M.COM. (Business Management).

College is preparing for NEP 2020 in big way through multi-disciplinary and inter-disciplinary approach.Apart from the regular academic offerings, the college also avails a platform for co-curricular and extracurricular activities for students. College also has IGNOU and YCMOU Centres for different Programmes. The College has come up with new state-of-the-art infrastructure and state of art building for Laxmichand Golwala College of Commerce and Economics.