Mahatma Fule Arts, Commerce and Sitaramji Choudhari Science College was established on 5th August, 1960. In 1971, Commerce faculty was started at degree level. Initially, there was one section of B.com. I only having 16 students and three teaching faculty.
Prof. V.S. Bijwe, Prof. S.K. Yawle and Prof. K.N. Bahurupi has joined the college on 1971. Prof. V. S. Bijwe became the head of the Dept. He retired on 28th Feb. 2003 and Prof S.K. Yawle became the head of Dept. He retired on 31st July, 2004 and Prof. K.N. Bahurupi became the head of Dept. he retired on 31st May, 2006. Prof. D.N. Khadse has joined the Dept. on 2003 as a lecturer. He became the head of Dept in 2006. After his transfer, Prof. Mamalkar became the head till 2009. Dr.V.M. Raut has joined this dept. on 1st November 2009 and became the head till Nov 2018. Now Mrs. M. R. Umekar is the head of department.
As the strength increased year by year, the second section was sanctioned. Now-a-days due to introduction of English medium introduced in 2010, the admission in commerce faculty is increasing. M. Com in English Medium was started in 2012. To-day strength of the students of the department reached up to 900.