SIES College of Commerce & Economics was established by the South Indian Education Society in May 1989. College started with a single faculty college with over 400 students, 7 Lecturers and 1 Librarian which now has post graduate and undergraduate courses in Commerce, IT, Management, Banking & Insurance, Accounting & Finance to over 2692 students. The Junior College with 1000 students give the college a combined strength of over 3600 students. This college is affiliated to University of Mumbai.