St. Joseph's College of Commerce, once a piece of St. Joseph's College was built up in the year 1882 as an instructive activity by the French outside mission Fathers. In 1937, the administration of the College was given over to the Jesuits, an overall Catholic religious request with an uncommon spotlight on training. Loyola College, Chennai, St. Xavier's College Calcutta and St. Xavier's College Mumbai are the other head establishments in India kept running by the Jesuit Order. The Department of Commerce was set up in the parent College in 1949. In 1972, this office turned into a free College under the name St. Joseph's College of Commerce. It is perceived under Section 2(f) and 12B of the UGC Act. It turned into a self-governing establishment in October 2004. St. Joseph's College of Commerce was perceived as a "College with Potential for Excellence" in February 2010 by UGC. 

The saying of the College is 'Fide et Labore' ('Faith and Toil'), which fills in as a motivation behind the vision and mission of the College to offer shape to a general public brimming with comprehensive personalities to take into account the inborn decent variety of our nation. From the earliest starting point, the College has been endeavoring to be a best in class establishment for business training. The push has been on changing business a multi-dimensional scholastic field. At present it appreciates an 'A' grade with the National Assessment and Accreditation Council (NAAC). The College has been proactive to the huge changes and improvements in the area of advanced education just as business and trade.