As there were no facilities for commercial education in and around Margao, a group of young men came together in the year 1971 and formed a society called “THE VIDYA VIKAS MANDAL” and started “Shree Damodar College of Commerce and Economics.” The college is serving the educational needs of the community and thanks to the foresight, dedication, zeal and spirit of the young men who took initiative to start the commerce college.