Dr. Ambedkar College of Arts, Commerce and Science, Chandrapur is run by Dr. Babasaheb Ambedkar Memorial Society, Chandrapur. This Society was formed on 21st June 1970 by Late Bar. Rajbhau Khobragade. The College is situated on the sacred "Deeksha Bhoomi" in the heart of Chandrapur city where about 3 lac followers of Dr. Babasaheb Ambedkar converted to Buddhism on 16th Oct 1956. The main objective of forming this Society was to educate the Bahujan Samaj, which was denied the right of education for ages. The students of this college are practically implanting the slogan of "Shika, Sanghatit Vha, Sangarsh Kara" in their minds and feel enriched. The society is trying hard to live up to the principles of Dr. Ambedkar.

The present President of Dr. Babasaheb Ambedkar Memorial Society, Hon`ble Arun Ghotekar, is striving hard for the intellectual and spiritual upliftment of the Bahujan Samaj students. The society organizes two-day programme on 15th & 16th October every year at "Deeksha Bhoomi". On this auspicious occasion, intellectuals and Buddhist monks from home and abroad give spiritual guidance to lacs of devotees.

The devotees get inspiration from the teachings of Lord Buddha and Dr. Babasaheb Ambedkar. All the members of the Society, Principal and Staff of the college work in unison to make the programme successful.

The staff and students participate in the organization, planning and execution of Annual Dhamma Chhakra Anuvartan celebrations on 15th and 16th October every year.