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The Ramnarain Ruia College was established in June 1937 by the Shikshana Prasaraka Mandali, Pune. It was the first educational institution in Mumbai run by a private management educational body. The college was declared open formally by H.E. Sir Roger Lumley, the then Governor of Bombay, on 3rd December 1937. A large amount of the credit of the establishment of this institution goes to Mataji Suvratadevi Ruia and her illustrious son, Seth Ramnivas Ramnarain Ruia, who extended a handsome donation of Rs.2,00,000 from the Ramnarain Harnandrai Charitable Trust. In recognition of this gesture, the S. P. Mandali named the institution - RAMNARAIN RUIA COLLEGE. Ramnarian Ruia College of Arts & Science is a premier educational institution in the country which has been contributing to human progress by moulding brilliant, creative, committed and caring students who are making their alma mater proud in various walks of life in different corners of the world.

Ruia College became Autonomous from the academic year 2017-18. Also, in the academic year 2017-18, National Assessment and Accreditation Council (NAAC) awarded Ruia 'A+' GRADE with CGPA 3.70. Our Autonomous status has brought us greater freedom to design innovative, skill-based courses (including Life-skills), following our Logo, ‘Explore – Experience – Excel', which sums up our quest for excellence. Ruia's identity is its research culture, which we now aim to take it to a higher level. We believe in promoting first-hand, experiential wisdom rather than second-hand information gathered from books, the internet, etc.