Madhusudan Dey (Modhu), the canteen's founder, is an equally important figure in the socio-political history of the region.

[2] Madhur Canteen was started in 1921, when Madhusudan Dey (Modhu) came to Dhaka with his father, Aditya Chandra, at the age of 15.

During these critical political moments, Madhur Canteen was a social epicentre frequented by student leaders and activists.

Madhusudan Dey was injured in the firing, arrested and taken to the Jagannath Hall playground where he was killed alongside many students.

[2] In 1995, a statue of Madhusudan Dey created by Toufiq Hosen Khan, a student of fine arts, was installed in front of the Madhur Canteen.