Dagdojirao Deshmukh Arts, Commerce & Science College, Waluj was established in 2000 by Shri. Gulabrao Raut, the founder of Vijay Shikshan Prasarak Mandal Aurangabad who was known as eminent educationalist. He was inspired and influenced by the thoughts of Mahatma Jyotirao Phule, Rajshree Shahu Maharaj and Dr. Babasaheb Ambedkar. He struggle for providing education to deprived and neglected people's children of countryside. He established the firm in 1989 and started Shree Sainath Secondary School in 1990 at Waluj village.
The college is affiliated to Dr. Babasaheb Ambedkar Marathwada University, Aurangabad under 2 (F) and 12 (B) UGC Act 1956. The college offers graduation in three disciplines of Arts, Commerce and Science. Only Arts faculty is aided and other two are permanent self financing courses. However, B.A, B.Com. and B.Sc. commenced in 2000, 2010 and 2013 respectively. The institution has been continuously taking sincere effort to achieve its goals and objectives since its establishment to bring out the holistic education in reality.
The college always provides opportunities of higher education to backward classes for their social and economic development. The college has made it a point to provide facilities to the students belong to the weaker sections of the society, right from the beginning numbers of schemes were implemented for the benefit of needy students, Earn and Learn' is the best example of it, which is being on a small scale in the college. The other schemes like free ship, scholarships and book bank are still being implemented.
Out of 16 permanent faculties of the college, 10 faculty members are Ph. D holders and 02 faculty members are research guide. The College promotes and motivates the faculties for research and publication activities. The faculties of college have to their credit about 155 different publications. The college is regarding community and extension services through NSS, Lifelong Learning and Sport.