Early in the year 1920, on Basant Panchami day, seven leading businessmen in Delhi established the Commercial Education Trust. The first school that was set up by the Trust in the same year was the Commercial School, and then located in Charkhewalan in the crowded walled city of Delhi. This was the predecessor of the Commercial College and in a way the beginning of commerce education in Delhi. Commerce education in India began in 1886, for in that year a commercial school was set up in Madras. Commercial institutions were also started in Bombay and Calcutta between 1903 and 1912. At the Collegiate level or the University level the journey began with the establishment of the Sydenham College of Commerce and Economics in Bombay in 1913. The Commercial School in Delhi introduced a post-matriculation Diploma programme in Commerce under the supervision of Mr. R.K. Kumar, who later was to become the first Principal of the Commercial College (later rechristened as Shri Ram College of Commerce), after its affiliation to the University of Delhi in 1926.