Dr. Neelam Arora,
Ph.D, M.Phill, M.Com, L.L.B.
"The Lala Lajpatrai Memorial Trust was formed in 1959 on the eve of the Birth Centenary Celebration of the Late Lala Lajpatrai to work for the objectives which were so dear and near to Lalaji's heart. Though Lalaji was interested in almost all the fields of activities contributing to the enrichment of national and social life, the cause of education was always uppermost in his mind. It was therefore desired by our late Prime Minister Shri. Lal Bahadur Shastri that the most fitting way to commemorate the memory of the great patriot was to start an institution of higher education.
With the formation of the Lala Lajpatrai Institute the next logical step was the establishment of the Lala Lajpatrai College of Commerce and Economics. The College, which is affiliated to the University of Mumbai, is situated at Haji Ali on the road named after Lala Lajpatraiji."