Lala Lajpatrai Institute of Management

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Lala Lajpatrai College of
Commerce and Economics

Lala Lajpatrai College of Commerce and Economics

Named after the great freedom fighter and martyr – the Lion of Punjab, who was equally a great Academic and Social Reformer, the Lala Lajpatrai College of Commerce and Economics at Haji Ali, Mahalaxmi was established in 1972, to perpetuate the memory of the great patriot i.e. Lala Lajpatrai with a vision.


“To provide comprehensive education which will train our students to be globally competitive and socially responsible citizens.” 

To accomplish the following mission:



To provide education and training to students in the field of commerce, trade, management and in Information and Technology.

To make them fit and ready for the Industry.

To collaborate Academia with Industry for equipping our students with relevant knowledge, skill and attitude.

And above all, to make our graduates socially sensitive with high sense of civility.


The objective is to develop holistic approach towards education and encourage research and allied activities.

All these three (i.e. vision, mission and objectives) are communicated to the students, teachers and non-teaching staff along with the other stakeholders through college prospectus, display and floor Notice Boards, College Website, Class rooms and even the Staff’s Common Room.

Genesis of the College

An interesting story is associated behind the inception of the Lala Lajpatrai College of Commerce and Economics at Haji Ali, Mahalaxmi in 1972.

This College was the result of an encounter of Late Shri Ram Prasad Gupta (founder Trustee) with the Late Prime Minister Mr. Lal BahadurShastri.

As it is fondly cherished and narrated – the year was 1959 and the Late Mr. R. P. Gupta had met Mr. Lal Bahadur Shastri then, the Union Industries Minister, at his residence in Bombay (Mumbai). Mr. Shastri then asked the Late Industrialist as to what he had done for the Punjabi Community of Bombay, and Mr. Shastri even advised him that he could set up a Trust after his mentor, Lala Lajpatrai. Consequently, a Memorial Trust was formed in 1959 to perpetuate the memory of the great patriot – the Lion of Punjab, who was a great academician in himself.

Finally, the contribution to the community resulted in the form of Lala Lajpatrai College of Commerce and Economics, which has the honour of producing thousands of graduate and post-graduates who have excelled in their respective fields and are now rendering valuable services to the society.

Lala Lajpatrai College of Commerce and Economics was established in June 1972 and is one of the leading Colleges of Commerce and Economics in Mumbai and is affiliated to the University of Mumbai, and recognized by UGC under Section 2(f) of 16th July, 1972 and 12 B0 of 16th July, 1972 of the UGC Act with Urban Location of 0.6 acre of land with built up area of 77137 Square Feet.

We have a team of highly qualified and dedicated Teachers who take extreme efforts through their teaching and guidance to uplift and upgrade the all round development of our students both through their character formation and academic involvements. Apart from mentoring students our Teachers contribute their papers in the National and International Seminars and Conferences along with research based articles and write ups in various reputed Journals.

In total there are 15 Teaching Staff and 02 visiting (on lecture basis) in the Aided Section of which three (03) are Associate Professors while the remaining are all Assistant Professors. We have 07 Ph.D. awarded Teachers (including the Librarian) and 04 M.Phil. qualified Teachers.

In Self-Financing Courses we have altogether 10 permanent Teachers and 76 Visiting Faculties – 12 for BMS, 18 for BMM, 14 for BAF, 17 for BBI, 07 for B.Sc.IT and 08 for B.Sc. Computers. Among them there are 03 Ph.D. awarded and 03 M.Phil. qualified Teachers.

Remedial lectures are specially designed for those who are under previleged, belong to weaker section or even those who miss their lectures on various grounds. Tutorial lectures in a batch of 25 to 30 students are conducted in Mathematics and English to provide individual attention to each student. Practical sessions in the subject of Computer Programming are conducted regularly in batches of 25-30 students. Practical coaching is also provided to students in vocational courses. Even slow learners and differently abled students are identified first and then these students are given special attention. They are provided with readers, writers and extra time and 20% grace marks are given to students in addition to other concession on case to case basis. They are motivated to participate in various academic and extracurricular activities and take up challenges.

The various important and active Associations like Women Development Cell, National Service Scheme (NSS), Department  Of  Life-Long  Learning And  Extension (DLLE) and Nature Club, Marathi Vangmay Mandal, Student Council, Cultural Committee, book bank, research cell, co-curricular committee conducts regular seminars, workshops, awareness campaigns and many more activities,  which include Environment and Inclusion issues. We have computer training programmes for those students who are not well versed with handling computers.

Our college has an independent and active Research Cell to promote the Research Culture not only among the faculties but also for the students. Six Minor Research projects and one Major Research project have been successfully completed by the faculties of our college.