College of Commerce, Patna (Bihar), India is a constituent unit and Post Graduate Centre of Magadh University, Bodh Gaya (Bihar) recognized under 2(f) and 12(B) by University Grants Commission, New Delhi. Established in 1949 by a great and humble visionary of Bihar, Pt. Indu Shekhar Jha on the advice of Dr. Rajendra Prasad, the first honourable president of India, to import quality education in Commerce, the institution was enriched with the faculty of Science in 1957 followed by Arts in 1960 and Law in 1963.
Pt. Jha soon started campaigning door to door, at the same time, contacting some eminent people in Patna like Late Justice Khalil Ahmad, Late Nageshwar Prasad (Advocate) , Late H.B. Chandra , Late Indiraj Bahadur and Late Babu Shyam Nandan Sahay to explain his ideas and seek their help to establish a Commerce College at Patna - the capital of Bihar. His herculean efforts bore fruit , and , in 1949 , he launched his cherished institution, College of Commerce, at P.N. Anglo Sanskrit School Campus , Naya Tola , Patna in a rented house . Initially , only I.Com. programme was started with hardly a dozen of students and six faculty members . Later on, in 1953, Raja of Pali graciously donated lands to start the college at the place where it is today. The college was affiliated to Bihar University, Muzaffarpur ? a new university launched in 1952 in Bihar. In 1957, Science education was introduced in the college on the advice of the Vice-Chancellor of Bihar University, Muzaffarpur ? Babu Shyam Nandan Sahay himself, followed by Arts faculty in 1960 and Law in 1963