Affiliated to Kolhan University.
G.C. Jain Commerce college chaibasa was established by Late Gyan Chand Jain in the year 1972. It got I. COM, B.Com. (Pass) and B.Com (Hons) affiliation in the year 1973-75. 75-77 and 1981-82 respectively. The college was converted into a constituent unit of Ranchi university, Ranchi on 25/05/81.