Year 1958 -- RVG Educational Foundation Idea Unearthed...
The then Office bearers who were the dignitaries of Marwari Community, sitting over a cup of tea discussed and decided the need of a hostel where Rajasthani students from various parts of the country could come and prepare for higher studies, in particular the course of Chartered Accountancy. They strongly felt an urgent need to help the students in developing their career and consequently came up with the noble idea of constructing ‘RVG Educational Foundation’.
Year 1959 - 1960 -- RVG Educational Foundation Stone Laid....
The way the work on the above dreams started was indeed an inspiring one. A plot of 3500 sq. Yards at Lallubhai Park Rd , Andheri (West) was purchased. It's proximity to Railway Station and Bus Stand was considered as a major location advantage as the students could reach to & from any part of the city easily.
The foundation ceremony was held under the Chairmanship of Late Shri Fatehchand Paliram Jhunjhunwala in a traditional manner. The Foundation Stone was laid by the then Hon. Chief Minister of Rajasthan Shri Mohanlal Sukhadia on 27 th April 1960 .
Building Plan
Some generous donors from the Marwari Community came forward & donated a large sum wholeheartedly. The main contribution came from Late Shri Madanlalji Rajpuria as the main donor, and consequently the proposed building was named after him as Shri Madanlal Rajpuria Vidyarthi Griha. The construction work of the building started in 1961.
Year 1967 - 68
A Library was constructed & was ready to use by the students for their benefit.
Year 1971 - 72
The second floor was ready to accommodate more students with increase in total capacity from 94 to 151 students.
Year 1981 - 83
The construction of third floor of the hostel was completed and the total capacity was increased from 151 to 225 students.
Year 1986 - 87
The construction of fourth floor of the hostel was completed and the total capacity was increased from 225 to 300 students.
Year 2007
RVG Educational Foundation celebrated its Golden Jubilee year under the Chairmanship of Shri Nirmal P Jhunjhunwala. Shri Ramswaroop Gadia, Trustee, inaugurated the two day celebration. Shri Hariom Tulsyan, Chief Commissioner of Income Tax, Mumbai presided over the function. The Chief Guests of the function were Shri Gulabchand Kataria, the then Home Minister, Shri Ghanshyam Tiwari, the then Education Minister, Shri Madan Dilawar, the then Minister for Social Welfare of Rajasthan, Shri Sunil Talati, the then President of ICAI, Shri Prafulla Chhajed, the then Chairman of WIRC of ICAI and Shri Motilal Oswal, Chairman of Motilal Oswal Securities Ltd. The function was attended by esteemed dignitaries of Mumbai and a large number of Ex-RVG Educational Foundationians.
Year 2008 – 11
Over the years a need was felt to accommodate more and more students. In this context it was a landmark in the history of RVG Educational Foundation when the Trustees, the Working Committee members and some ex-RVG Educational Foundationians perceived a plan to construct a new hostel building. Soon it became possible to mobilize a large sum of money through generous donations from the Marwadi Community and Ex-RVG Educational Foundationians. Shri Raamdeo Agrawal and Shri Motilal Oswal donated a very handsome sum and the proposed building was named as Agrawal Oswal Chhatrawas. The foundation ceremony was held under the chairmanship of Shri Vinod Deora and the foundation stone was laid by renowned industrialist Padmabhushan Dr. Shri Badrinarayan R Barwale. The construction of the modern and well equipped hostel building was completed in 2011.

Enthused by the active role of ex-RVG Educational Foundationians in the welfare activities of RVG Educational Foundation and to promote and foster mutually beneficial interaction among them, the RVG Educational Foundation Trust decided to form ‘RVG Educational Foundation Alumni’ in the year 2009. Since then the RVG Educational Foundation Alumni is actively involved in various professional & welfare activities for its members and the students of RVG Educational Foundation hostel.
Year 2011 – 13
Keeping the pace with modern times to provide accommodation & educational facilities for girls pursuing Chartered Accountancy course, The Trustees and the Managing Committee decided to start RVG Educational Foundation Girls Hostel. To start with, Shri Krishna Kumar Khadria, A renowned Chartered Accountant was kind enough to provide free accommodation of a full floor at “ADARSH”, J. P. Road, Four Bungalows, Andheri West, Mumbai-400053 for 3 years. The RVG Educational Foundation Girls Hostel was started there in August, 2011 with accommodation facilities of 33 girl students.

The overwhelming response for RVG Educational Foundation Girls Hostel and keeping a long term view, the Board of Trustees and the managing committee took a decision to buy a building at Goregaon (East) in year 2012 to provide hostel facilities to girls pursuing Chartered Accountancy course. Once again, the Rajasthani Community came forward and donated the fund required for the project. Shri Vijay Shrigopal Khetan committed to donate handsome amount for the cause and to recognize his contribution the Board of Trustees and the managing Committee decided to name the Goregaon Girls hostel as “Vijay Shrigopal Khetan Girls Hostel”. The hostel has the capacity to accommodate 136 girl students.