The Council of Education was established under the auspicious leadership of Late Dr. Ratnappa Kumbhar. We take pride in being guided by late Dr. Ratnappa Kumbhar, who was a reputed Freedom Fighter social reformer, notable senior political leader, and educationist and honored as “Sahakar Maharshee”. He was awarded by Doctorate by Poona University and Padmashree by Government of India.

In the western region of Maharashtra, the council of Education played a pioneering role in imparting education in Law, Commerce and Management to tap the talent from this area. D.R.K. College was established in 1957 when there was no commerce college from Pune to Belgaum. M.B.A. Courses started in 1971 because there was no management education available in this area.

D.R.K. College of Commerce is in the heart of city and equipped with excellent infrastructure and facilities. It is one of the reputed single faculty Commerce College in this region. The college started enrolling 135 students in an old building known as "Paha building". At present H.S.C (General and M.C.V.C), B. Com., M. Com., BBA and MBA classes run in this college. BBA started in the year 2006 as it was need of society. A strength of more than 5230 students today happens to be the pride of the institute. Day by day the strength of girl students has increased from 4 to 2700 during last five decades. Approximately 60 percent of the strength comprises of girls in this college.

During the 1970's there was crucial need for professionally educated personnel from the developing industrial sector. Such facilities were not available in this region. To cater to the needs of the society, the Council of Education started the post graduate course of Management (M.B.A.) in 1971 without monetary consideration.

In addition to this the college has been recognized for their valuable contribution to conduct classes of C.A., C.S., C.M.A. from 2003.