N. L. Dalmia College of Arts, Commerce & Science has been established by the Niranjanlal Dalmia Educational Society (NLDES) which operates two centres of excellence in education, namely Niranjanlal Dalmia High School founded in 1991 and Niranjanlal Dalmia Institute of Management Studies & Research in 1995. The College aims to maintain the same commendable quality standards of education set by these two centres of excellence.

The NLDES received permission from the State Government in 2018-19 to setup a new Degree College affiliated to the University of Mumbai. The College is offering courses in subjects that enhance the employability of students, offer wide range of career opportunities, open up avenues for entrepreneurship and increase the students’ competency for competitive examinations.

Later, the NLDES aims for the natural progression of the Degree College to the post-graduate and doctoral levels with emphasis on research in basic and applied areas; subject to permission from statutory bodies.

N. L. Dalmia College of Arts, Commerce & Science is a self-funded hindi linguistic minority college affiliated to the University of Mumbai.