Considering increase in demand for Sr. Colleges from the local residents of Mamdapur and Neral, in 2004, the Trust initiated the process to start Arts and Commerce Degree College at Mamdapur, Neral in the premises of the school
building, which was named as ʻDadasaheb Phadtare and Nadkarni Aaji Vidya Sankulʼ. The Government of Maharashtra, in 2008, approved the recommendation of Mumbai University to permit the Trust to start the Arts and Commerce College. Philanthropist,  Shri. Jayantrao Tipnis, renowned Architect of Mumbai, donated a sum of Rs.21,00,000/- to the Trust to propagate the memory of his late mother Mrs. Sumati Chintamani Tipnis, by naming the College of Arts and Commerce College as ʻMatoshree Sumati Chintamani Tipnis College of Arts and Commerceʼ. Thus, in 2008, the Trust started Matoshree Sumati Chintamani Tipnis College of Arts and Commerce with 52 students at Mamdapur, Neral. Today, there are over 590 students in the academic year 2018-2019 in our College.

Today, the Matoshree Sumati Chintamani Tipnis College has started various computer courses such as Tally, Hardware Networking, DTP etc. not only for the students of Matoshree Sumati Chintamani Tipnis College but also for students living in the vicinity areas of Neral and Karjat, Dist. Raigad, Maharashtra. In view of increase in the number of Students of Arts and Commerce College, the Trust decided to have a separate independent building only for Matoshree Sumati Chintamani Tipnis College of Arts and Commerce in the precincts of Dadasaheb Phadtare and Nadkarni Aaji Vidya Sankul. The Trust has constructed a four storey structure which would provide 12 classrooms for accommodating 120 students in each class room, Principal Room, Teachers Room, Library, Computer labs, Ladies Common Room etc. at a cost of Rs. 7 Crores.