The need and essence of commerce education for all-round growth and development of a society does not require too much emphasis and explanation. Keeping this fact in view and the initiative taken by some noted personalities and educationists led by the Founder Principal Late J.R Sengupta, "Jiaganj College of Commerce" was established on August 01, 1962. The college started its functioning in the evening shift in the premises of the neighbouring Sripat Singh College and imparted education for B.Com (Pass) course.

In 1973, the college was shifted to the present premises. It was made possible by the generous contribution extended by a benevolent local landlord Late Sripat Singh Dugar and thus the college got a new independent set-up. The affiliating University, University of Calcutta conferred affiliation up to Honours course in B.Com (Accountancy). The college then started its activities as a Day College and it was renamed as "Rani Dhanya Kumari College of Commerce" in the name of Late Rani Dhanya Kumari, the wife of Late Sripat Singh Dugar.

At present, a small but decent campus is located in a pollution-free tranquil environment far from the madding crowd with the lush green outfield covering a vast area of its own.