The college's motto is "Labor Omnia Vincit"("Work conquers all") and in Sanskrit, "samudyogo hi vishvajita" {Diligent Efforts Conquer the World}.The college is operated by the government of Maharashtra. SIMSREE’s parent institute, Sydenham College is one of the most renowned Commerce colleges in India. Sydenham College, "the first college of commerce in Asia," was established in October 1913.
It was named after the then-governor of Bombay, Lord Sydenham of Combe, who was instrumental in making the undergraduate degree of Bachelor of Commerce possible in Mumbai. This makes Sydenham College the oldest degree-awarding institution in commerce. K. S. Aiyar acted as first honorary principal of the college. It was only in 1941, twenty-eight years after the establishment of Sydenham College, that any other institute started offering courses in the subject.
On the college's seventy-fifth anniversary in 1988, the Indian Post Office issued a commemorative stamp. In 1990, TIME rated Sydenham College as the "Best Commerce College this side of the Suez". SIMSREE in continuation with the Sydenham Education tradition was founded in 1983. Today SIMREE provides business knowledge with flexibility and embarks a journey towards a progressive career, fosters a spirit of co-operation, innovation and vision, and helps develop discerning eyesight to appreciate and respect the unity in diversity and harmonizes the inherent differences, while demolishing the artificial dividers. It is the only Government Management Institute in Maharashtra State offering education with minimum fees and high standard.
