The Faculty of Commerce & Management Studies also popularly known as CA Factory came into existence in 1962 under dynamic leadership of Founder Dean Late Prof. D.N. Elhance. His academic vision helped in not only attracting best minds in Commerce to the FCMS but also developing it into a Centre of Excellence in Commerce & Management Education. Since then FCMS has grown both academically & professionally. FCMS was restructured in 1990 into four teaching departments, namely.
(1) Department of Accounting.
(2) Department of Business Administration,
(3) Department of Business Finance and Economics, and
(4) Department of Management Studies. The faculty members of FCMS have been contributing in the academic research and have earned laurels at National and International level. FCMS is successfully running the under graduate (B.Com.. BBA), Post Graduate (M.Com., MBA). M.Phil, Ph.D. and D.Lit. programs and PG Diploma Programmes based on Skill Development.