[2] It was founded on 20 June 1946 by the People's Education Society which was formed by Dr. Babasaheb Ambedkar.

[6] Over the years, Bharipa's Prakash Ambedkar (Babasaheb's grandson) and Republican Party's Ramdas Athawale – both Ambedkarite factions, but with differing perspectives on socio-political issues – have fought for control over the society and the college.

[7][8][9][10] As of 2022[update], the college offered undergraduate coursework in Arts, Science and Commerce Streams.

[11] The college is also home to some rare books from Dr. Ambedkar's personal collection, which were used as reference for drafting the Constitution of India.

[12][13][14] The library has on display many Ambedkar artifacts, including a copy of the Constitution of India with his name embossed on it.