NMIMS Mumbai Anil Surendra Modi School of Commerce was founded in 2007.  The Narsee Monjee Institute of Management Studies is affiliated with the Anil Surendra Modi School of Commerce (ASMSOC) (NMIMS). The Institute of Commerce provides a variety of undergraduate and postgraduate courses in the field of commerce. Every year, NMIMS NPAT is used to select students for admission to Anil Surendra Modi School of Commerce.

The BBA programme is ranked first among the top BBA programmes in India by India Today Rankings, and the BBA programme is ranked second overall in India by Times B-School Survey. In addition, the school has signed an MOU with the University of South Florida in the United States to pursue the fourth year of a Bachelor's degree in General Studies. In the last 13 years, the school has progressed from undergraduate to postgraduate management education.