The blessings of Lord Krishna and the benedictions of H.H. 108 Goswami Shri. Mathureshwarji Maharajshri had inspired the chief donors Late. Shri.Jumna Doss Dwaraka Doss and his brother Late. Shri.Amichand Doss Dwaraka Doss to donate the vast extent of land for the establishment of this college and Late. Shri.Purushotham Doss Gocoola Doss to donate the land for the establishment of the hostel. They together with the kind - hearted Vaishnav Gujarati and Rajasthani communities established Shri Vallabhacharya Vidya Sabha in the year 1963, with the sole purpose of imparting value based education for all and for the linguistic minorities in particular.
The founding of the college was in the year 1964, His Holiness 108 Goswami Shri Maharajshri Mathureshwarji laid the foundation stone for the building on 13th November 1963 at "Gokul Bagh". In the year of its inception, the college under the stewardship and principalship of Sri T.Totadri Iyengar offered a degree course in Mathematics along with Pre-University Courses. The very next year degree courses in Physics and Economics were introduced.