Established on the auspicious day of Labh Pancham of Samvat Year 1972 viz. in 1915 in a rented premises at Matunga, Mumbai, with two students, Shri. Hirji Bhojraj & Sons Cutchi Visha Oswal Jain Chhatralaya, popularly known as Matunga Boading is the backbone of the Cutchi Visha Oswal Jain Community. Initiated and inspired by Shri Velji Lakhamshi Napoo and other philanthropic and far sighted leaders of the community, Matunga Boarding has looked after more than 8500 students by providing them with education and training in various arts and crafts since its inception.