It was founded on 20 June 1946 by the ''
People's Education Society'' which was formed by
Dr. Babasaheb Ambedkar. It was the first educational institution by the nascent society which was founded nearly a year ago on 8 July 1945 with an aim of affording legal education to all sections of society. The commerce courses became available in 1980. It is housed in
Buddha Bhavan, situated in the
Fort area of Mumbai. Its office is located in
Anand Bhavan, which has been declared as a heritage structure by the Heritage society of the
MMRDA. The building is susceptible to flooding in heavy Mumbai
monsoon. Over the years,
Bharipa's
Prakash Ambedkar (Babasaheb's grandson) and
Republican Party's
Ramdas Athawale – both
Ambedkarite factions, but with differing perspectives on socio-political issues – have fought for control over the society and the college. ==Courses offered==