Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics

SVKM’s Narsee Monjee College of Commerce and Economics, popularly known as NM College, is a premier autonomous institution located in Vile Parle, Mumbai. Established in 1964 by the Shri Vile Parle Kelavani Mandal (SVKM), a trust renowned for its commitment to quality education, the college was founded to meet the growing demand for specialized commerce and economics instruction in the city. Over the past six decades, it has evolved from a small institute with an initial intake of just 250 students into a prestigious center of learning with a student body of over 5,500. Affiliated with the University of Mumbai and accredited with an 'A' grade by the NAAC (CGPA of 3.42), the college consistently ranks among the top commerce institutions in India, driven by its motto of "Excellence in Education."

Beyond its rigorous academic curriculum, NM College is celebrated for its holistic approach to student development, which balances professional preparedness with extracurricular engagement. The college offers a wide array of undergraduate and postgraduate programs, including B.Com, BMS, BAF, BFM, and M.Com, all of which are designed to keep pace with global industry standards. The campus culture is vibrant and dynamic, bolstered by more than 20 student-led societies and high-profile intercollegiate festivals like "Umang" and "Insight," which attract thousands of participants nationwide. This emphasis on leadership and organizational skills has produced a distinguished alumni network across various sectors, including business, film, politics, and sports. Today, NM College continues to be a landmark in Mumbai’s educational landscape, fostering critical thinking and entrepreneurial mindsets in its students while maintaining strong industry linkages that ensure high placement success.

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics: Ranking and Recognitions

SVKM’s Narsee Monjee College of Commerce and Economics (NM College), Mumbai, is a highly regarded institution consistently ranked among the top commerce colleges in India.

Accreditations and Status

• Autonomous Status: The college has been granted autonomous status by the University Grants Commission (UGC), allowing it to design its own curriculum and evaluation methods while remaining affiliated with the University of Mumbai.

National Rankings

• India Today (2025): Ranked 6th among the top commerce colleges in India.

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics: Faculty

SVKM’s Narsee Monjee College of Commerce and Economics (NM College) employs a highly qualified teaching faculty with deep expertise across their respective disciplines. The faculty members are distinguished by their advanced academic credentials, including numerous Ph.D. holders, Chartered Accountants (CA), and NET/SET-qualified professionals.

Principal: Dr. Parag Ajagaonkar heads the institution, bringing extensive expertise in Commerce with qualifications including an M.Com, M.Phil., Ph.D., MBA, and SET certification.

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics: Application /Admission Process

The admission process for SVKM’s Narsee Monjee College of Commerce and Economics (NM College) is conducted online and is highly competitive, as it is one of the most sought-after commerce institutions in Mumbai.

Step-by-Step Application Process

• Visit the University of Mumbai Admission Portal to complete your pre-enrollment for the desired course
•  Visit the NM College Admission Portal once the college issues an official notification for admissions.
• The college releases successive Merit Lists based on Class 12th percentage and category (Open, Minority, etc.).
• If your name appears on a merit list, you must log in to the portal to verify your documents online and complete the fee payment.
• After fee payment, you will receive a receipt/admission confirmation

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics: Programmes /Courses Offered / Fee Structure

Narsee Monjee College of Commerce and Economics (NM College) in Vile Parle offers a variety of undergraduate and postgraduate programs. Below is a breakdown of the courses and an overview of the fee structure based on the most recent academic data.

Programmes & Courses Offered

The college offers a range of full-time degree programmes under the autonomous framework:

Undergraduate Programmes

• B.Com: Bachelor of Commerce

• BMS: Bachelor of Management Studies

• BAF: B.Com (Accounting & Finance)

• BFM: B.Com (Financial Markets)

• B.Sc. IT: Bachelor of Science (Information Technology)

• B.Com (Economics & Analytics): A specialized analytical commerce programme

• B.Com (Management & Finance): A specialized finance programme

Postgraduate Programmes (M.Com)

• M.Com in Banking & Finance

• M.Com in Business Management

• M.Com in Advanced Accountancy

Fee Structure Overview

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics: Scholarships

Narsee Monjee College of Commerce and Economics (NM College) provides various scholarship and freeship opportunities to support meritorious and financially needy students. These are primarily facilitated through government schemes, both at the central and state levels, as well as institutional support.

Key Scholarship & Freeship Schemes

Students can generally avail of only one scholarship or freeship in a single academic year. Applications for most of these schemes are managed via the MahaDBT portal or the National Scholarship Portal (NSP).

• Government Categories: Financial assistance is available for students from SC, ST, VJNT, OBC, and SBC categories. This includes post-matric scholarships and examination fee waivers.

• Minority Community Scholarship: Post-matric scholarships for students belonging to notified minority communities (Muslim, Buddhist, Christian, Parsi, Sikh, Jain, etc.).

• Central Sector Scholarship: Financial support for meritorious undergraduate and postgraduate students from economically weaker sections (family income criteria usually apply).

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics: Placements

Narsee Monjee College of Commerce and Economics (NM College) features a robust Placement Cell that consistently records high participation from industry-leading firms. The college's reputation for academic excellence attracts a diverse range of recruiters across consulting, finance, analytics, and marketing sectors.

Placement Performance

NM College is highly regarded for its strong industry connections and high placement conversion rates. In recent academic years, the college has maintained a steady upward trajectory in both the number of participating companies and the average salary packages offered.

• Highest Salary Package: Reached approximately Rs.22.5 LPA in recent placement cycles.

• Average Salary Package: Typically ranges between Rs.6.0 LPA and Rs.7.0 LPA, depending on the specialization.

Key Recruiters

• Deloitte, EY (Ernst & Young), KPMG, PwC, and McKinsey & Co.

• JP Morgan Chase, Goldman Sachs, Nomura, HDFC Bank, and ICICI Bank and many more. 

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics: Facilities

SVKM’s Narsee Monjee College of Commerce and Economics in Vile Parle West, Mumbai, offers a well-integrated campus environment designed to support both academic rigor and holistic student development.

• ICT-Enabled Classrooms
• Central Library
• Computer Laboratories
• Sports Facilities
• Common Rooms
• Cafeteria
• Auditorium and Seminar Halls
• Transport

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics : FAQs and Answers   

Q: Is the college affiliated with the University of Mumbai?

A: Yes, despite having autonomous status, the college remains affiliated with the University of Mumbai.

Q:What is the "In-House" category?

A: Students who completed their schooling at the NM Junior College are considered "In-House" students. They have a specific preference during the admission process to the Degree College.

Q: Is there a minority quota?

A: Yes, NM College is a Gujarati Linguistic Minority institution. Candidates applying under this quota must submit a valid affidavit/certificate as per college guidelines.

Q: Can fees be paid in cash?

A: No, fees must be paid via Demand Draft (DD) or Pay Order in favor of the college, or through the online payment portal specified by the administration.

Q: What documents are required for non-Maharashtra students?

A: Students from boards other than the Maharashtra State Board must obtain a Provisional Statement of Eligibility (PSOE) from the University of Mumbai. The college facilitates this process, but students must submit their HSC/Equivalent mark sheets and migration/transfer certificates.