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Lal Bahadur college was started in the year 1970, as an undergraduate college, sponsored by Osmania Graduate's Association and Exhibition Society, Hyderabad. It has about 120 staff members and more than two thousand students. It is located in 25 acres of land in between Hanamkonda and Warangal with spacious buildings accommodating laboratories, class rooms, library, sports complex, audio-video library, auditorium and a separate building for MBA programme.

The institution has attained a special recognition in the commerce and business education by achieving the highest number of gold medals and distinctions in the University results.