Sadhana Education Society’s L. S. Raheja College of Arts & Commerce is a premier educational institute situated in the heart of Mumbai’s suburbs, Santacruz (West). It is a  Gujarati-speaking linguistic minority institution offering quality-oriented education from higher secondary to doctoral programme.

Its parent body Sadhana Education Society was established in 1961. Since its inception, the Society is dedicated to the cause of education. With the mission to spread education in all its aspects and phases, across various sections of the society and to promote research and nurture the Gujarati culture, the Society founded its first institute – Smt. Kapila Khandvala College of Education in 1961. Thereafter, it instituted Malti Jayant Dalal Primary School and Malti Jayant Dalal High School in 1968. In 1975, the Society also instituted Malati Jayant Dalal Nursery School and S.B. Kindergarten. Subsequently, to promote the all-round development of students and to facilitate education from K.G. to Ph.D. under one banner, the Society instituted L. S. Raheja College of Arts & Commerce in 1980.

Affiliated to the University of Mumbai, L. S. Raheja College started its humble journey by offering Graduate programmes in Arts & Commerce. With its incessant efforts, the College earned a distinct reputation of high standards of calibre and commitment. In 1999, keeping in pace with the changing trends in education and the corporate sector, the College was one of the first to offer the then newly introduced unaided programme of the Mumbai University, viz., Bachelors in Management Studies. Thereafter, it received affiliation for Bachelor of Arts In Multimedia and Mass Communication programme in 2005; Bachelors of Commerce (Accounting and Finance) & Bachelors of Commerce (Banking and Insurance) in 2006; Bachelors of Science (Information Technology) in 2007 and Bachelors of Commerce (Financial Markets) in 2008. It started offering Masters in Commerce under several specializations from the year 2002. In the year 2018, the Research Centre (Ph.D.) in Commerce was revived.