The South Indian Education Society (SIES) was established to promote the cause of education in Mumbai. SIES College of Commerce and Economics was established in May 1989 and was inaugurated by the then Vice President of India Dr. Shankar Dayal Sharma. It has now become synonymous with excellence in education.

The college that began as a single faculty college with 400 students and 7 lecturers, now offers under graduate and post graduate courses in Commerce, IT, Management, Banking and Insurance, Accounting and Finance to over 2,700 students supported by over 50 full-time and visiting faculty members. The Junior College with over 1,000 students and 18 teachers give the college the required strength to provide a complete package of quality higher education.

In a short history of a couple decades, the college has not only produced university rankers but also the achievers in sports and other cultural activities