The Library was established in 1981 with its parent Organization.
The Library of the college is named as the MALTI JAYANT DALAL LIBRARY of the L.S. Raheja College of Arts & Commerce from May 22, 1984. The Library moved to L. S. RAHEJA COLLEGE Building in 1985. Malti Jayant Dalal Library is one of the best support services of L. S. Raheja College of Arts & Commerce. In keeping with the Vision and Mission of the Institute, the Malti Jayant Dalal library plays a vital role in supporting, teaching and learning activities and provide the main source for individual research at LSRC.
Library is meant to help academic community faculty to keep abreast with the latest development in their area of activities and to provide information support for teaching, research and consultancy.
At the same time for the Researchers and students, library is a source to get information support for their course curriculum as well as for their self-development.
The library is well equipped with modern facilities and resources in the form of free Wi-Fi, Project Room, CD-ROM, e-journals, e-books, audio-video cassettes, books, journals, project reports etc.
The library has over 50000 printed documents, 1200 CD-ROMs and it subscribes to over 60 journals and magazines, 15 newspapers. The Library provides access to NLIST.
All e-resources subscribed for the college under the NLIST project are now accessible to the library through the NLIST website, http://nlist.inflibnet.ac.in
Library has SLIM21 software to manage its information. The library is an automated open access library system, which is kept open all year round. The library staff aims to provide excellent services to the faculty members, researchers, students, and senior citizens of Santacruz (West). A library committee supervises it.