The Ramnarain Ruia College of Arts & Science was established in June 1937; it was the first college in Mumbai to be started by the Shikshana Prasaraka Mandali, Pune. This College is affiliated to University of Mumbai and conducts courses at Undergraduate and Graduate (Postgraduate) level.

Today, Ruia College enjoys the reputation of being one of the finest institutions of higher learning in the country. Its outstanding performance in the field of curricular and co-curricular activities has very considerably enhanced its prestige and brought it substantial financial assistance from the University Grants Commission, the C S I R and many other equally reputed bodies.

Ruia alumni comprise a galaxy of eminent individuals from different walks of life. To cite a few names: Professor Ram Joshi, Dr. K. Kasturirangan, Mr. Dilip Chitre, Justice V. P. Tipnis, Justice Hemant Gokhale, Dr. Prafulla Desai, Dr. K. Ramamoorthy, Dr. Ajit Phadke, Mr. P. K. Dhamdhere, Mr. Nandu Natekar, Mr. Ajit Wadekar, Ms. Shruti Sadolikar, Ms. Ashwini Bhide, Ms. Swati Chitnis, Dr. Snehalata Deshmukh, Mr. Sandeep Patil, Mr. R. H. Mendonca, Mr. P. Narayanswamy and Mr. Manohar Joshi. Ruia College has also consistently had some of the finest members of the academic community on its staff.