In 1941, a prominent Marwari Industrialist Seth Rāmdeoji Ānandilāl Podār provided funds of one hundred and fifty thousand rupees—a substantial sum in those times—for establishing the College in the memory of his brother, Rāmniranjan Ānandilāl Podār, giving the charge of running the college to the Shikshan Prasārak Mandali.
In 1949, the college started providing some of the teaching and administrative staff with quarters, and students with hostel facilities.
The National Assessment and Accreditation Council (NAAC) of India has awarded an A+ rating to Podar College.
After graduation from Podar College, inspired NSS Volunteers continue their service under the auspices of Sankalp and Nirmiti Youth Foundation.
The volunteers work in the villages of Barānpur near Pālghar, and Chandip and Shivansai near Vajreshwari.
The NCC Unit of Podar College endorses the phrase Small is beautiful.
R C Lahoti - Former Chief justice of India Gurudas Kamat - Indian Politician Kamlesh Shivji Vikamsey - Chartered Accountant