The Department of Commerce existed as a single monolith department in the Faculty of Commerce even before the setting up of the University in 1964. During the year 1967, with a view to giving recognition to the academic specialisations existing in the courses of the faculty, three Boards of Studies were set up on the pattern of University of Rajasthan. The areas of the three Boards of Studies were determined by specialisations at post-graduate level, namely Accountancy and Statistics, Banking Management and Business Administration. Thereafter, post-graduate degrees were awarded separately for the above three specializations. From the academic session 1983-84, when the M Phil Programme was started, separate courses were designed for the three specialisations. Setting up the three departments thus, was the culmination of the process started in 1967 by setting up the three Boards of Studies.

Presently College runs four Under Graduate Programmes – B. Com., B. Com. Honours, B. B. A. and B. Voc. College has two premises one at Saraswati Marg where all the programmes except BBA of the college are run and one is Vanijya Bhawan (inside University campus) where B. B. A. Programme is run. All the departments together run seven regular PG Programmes, three non-collegiate PG Programmes, several certification programmes.

The college has a huge building with 34 large and airy classrooms, library, reading room, e-library, two fully equipped computer labs, various databases and software, fully Wifi and CCTV-enabled campus. At present, 16 faculty members are there in the college along with around 100 visiting faculties. All the faculty members are committed to provide quality education to students and towards holistic development of students.