It was founded by Shiv Dayal Singh and named after ex-principal Sir Markham Sahab. The college initially had 5 students and has now grown to a strength of 10,000 students soon after. The college has a very scenic campus. College now has almost all the streams under science and Arts as well. But that has never compromised on the quality commerce education. The college is part of the Vinoba Bhave University and is one of the oldest colleges of this university.