The college is an authorized centre of the Institute of Chartered Accountants of India (ICAI) for CA examinations.
Facilities for higher education were not available in the Latur so students were left with no option but going to cities like Hyderabad, Pune, and Mumbai and so on.
So to make the higher education facilities accessible to children of farmers, agricultural laborers, workers; the dignitaries and business people like Manikrao Sonavane (elder brother of Keshavrao Sonawane), Chandrashekhar Vajpeyi, Ramgopal Rathi and Keshavrao Sonawane established Dayanand Education Society in the May month of year 1961 Manikrao Sonavane, elder brother of Keshavrao and chairman of market committee, convinced the farmers of Latur to contribute to this cause.
Keshavrao Sonavane, Co-Operative Minister of the Maharashtra state, contributed to this cause by completing all required formal government procedures.
Dr. Brijmohan Dayma has been recognized as the Research guide in Commerce and Management faculty of S.R.T.M.