Expensive Private Courses at Sydenham College

Expensive Private Courses at Sydenham College; Higher Education Department Sets Up Three-Member Inquiry Committee, Relieves In-Charge Principal of Duties
Mumbai: The Higher Education Department has taken serious note of complaints alleging that classrooms at Sydenham College, Churchgate, were allocated for expensive 'self-financed' courses run by private entities, at the expense of student intake for regular courses. A high-level, three-member inquiry committee, chaired by Mumbai University Pro-Vice-Chancellor Dr. Ajay Bhamre, has been constituted to investigate the matter, with instructions to submit a report within one week. Pending the inquiry, Dr. Srinivas Dhure has been relieved of his duties as the in-charge principal of Sydenham College, and the charge has been handed over to Rupesh Raut, the Joint Director of the Mumbai Division.
The aided 'Banking and Insurance' course under the Commerce stream at Sydenham College was discontinued starting from the 2024-25 academic year. In its place, 'B.Sc. in Luxury Brand and Retail Management' and 'B.Sc. in Financial Technology (FinTech)' courses were introduced in collaboration with private organizations. The annual fees charged were ?2.05 lakh for the Luxury Brand and Retail Management course and ?3.08 lakh for the FinTech course. Approximately 72 students were admitted to each of these courses annually. However, the complaint alleges that these fees were being diverted to the private entities involved.
The complaint demands an investigation into whether university approval was obtained to discontinue the existing batches and whether the provisions of the Maharashtra Public Universities Act, 2016, were adhered to. The inquiry committee also includes Prof. Vilas Padhye, Registrar of Homi Bhabha State University, and Joint Director Dr. Kirankumar Bondar.
Director of Higher Education Dr. Shailendra Deolankar stated that the committee has been directed to submit its report within a week, and further action will be taken based on that report. The committee will examine the academic approvals granted to the courses, the admission process, financial transactions, and agreements entered into with private entities. Additionally, it will investigate whether the University Act was complied with and whether the college discontinued aided courses in order to run programs offered by private entities.
According to the complaints, these courses were being conducted in partnership with PD Learning Curve, Keeman Capital Private Limited, and ISFE Education Services LLP.