H.R. College was awarded the 'Best College' by the University of Mumbai for 2010-2011. The institution was recognized for its leadership potential, its teaching excellence, its innovative learner-centric approach and its strong international linkages.

Vice - Chancellor Dr. Rajan Welukar presents 'Best College Award' to H.R. College of Commerce & Economics received by Vice - Principals Dr. Rekha Bahadur and Mr. Parag Thakkar

Accredited 'A' Grade by NAAC (National Assessment & Accreditation Council)
H.R. College was the first college in Maharashtra to be accredited 'A' grade with a score of 87.95% by the NAAC (National Assessment & Accreditation Council) in 2002.

In 2008, HR College was awarded an 'A' Grade by NAAC once again; with a CGPA of 3.46.

In Jan 2013 the college underwent a third accreditation process with NAAC awarding an 'A' Grade to H.R. College of Commerce & Economics with a CGPA of 3.72 on a 4 point scale, the highest CGPA in India under the revised scheme; and the highest score in Maharashtra till March 23, 2013!