The Department of Commerce was established on June, 1963. From few hundred students in 1963, the Commerce stream has grown by leaps and bounds. In the June 1979 the Department has been allotted the Research Centre for the Ph. D. Degree Course by the affiliating University Dr. B. A. Marathwada University. In June 1982 Post Graduate course M. Com. has been introduced on Self Finance Basis.
In the June 2019 Post Graduate Diploma in Tax Procedure and Practice has been introduced on self finance basis. The Department is the most active one with tremendous potential for growth. At present, the Department offers the students with 4 divisions for the B. Com., 2 divisions M. Com. And one division of P. G. Diploma in Tax Procedure and Practice (PGDTPP).
Commerce department organize various activities for improving student’s practical knowledge with confidence such as Industrial visits, class room seminar, Annual YM ZEP, Students presentation competition, Elocution competition, Debate Competition, Group discussion, Guest lectures, Induction and farewell functions. Also motivate to the students for participation in various leading college activities, workshops and Competitive exams.
Teaching, Learning and Evaluation: In addition to conventional method of teaching, ICT based teaching is also used as regular practice. Besides learning in theory classes, students also learn themselves by using computers, internet services, tutorials/homework, Training and Field work, project work assigned to them, also help in independent learning. Students learn a lot during tours. The subject knowledge of students is evaluated through internal class tests, online MCQ Tests, group discussions, seminars, personal Interviews and assessment of practical work, practical records, project work/tutorials and Pre semester examination. Final evaluation is through the University examinations conducted at the end of semester for the courses run under semester pattern.
Best Practices: Training and Field Work for the UG Final Year Students and Project work is to be submitted on the Basis training and field work done by them. Research project Work for the PG Final Year Students and Project work book is to be submitted on the Basis of Primary and Secondary Data Collected by them. Visits to various Firms, Offices and Industries within the Nanded District. Short-term course like Career Oriented Course in financial accounting, Tally ERP 9 and UGC Vocational Course Tax Procedure and Practice.
Facilities Offered by Commerce Department: Departmental Library with Text-books, Reference Books & Periodical, Well equipped Computer lab with Printers & Internet Facility ICT Teaching Through 3 ICT Classrooms equipped with LCD Projectors.
Vision of the Department :
 The Department is committed to integrate all facets of commerce and management to educate and train innovative and competent human resource globally suitable for industry, business, profession (Accountancy & Taxation) and service sector and to equip and encourage them to start their own ventures in urban or rural areas benefitting both the classes and masses (Atmanirbhar Bharat).
Mission of the Department :
 To build a conceptual foundation in the area of commerce and develop students for professional career in accounting, taxation, management, entrepreneurship, finance and research.
 To equip the students with accounting, taxation, auditing, marketing and entrepreneurial skills.
 To build life skills through value based education and vocational and career oriented programmes.