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. In or about 1931, Shri Nanji Hirji Bhojraj and Shri Ratanshi Hirji Bhojraj donated a sum of Rs. 1,25,000 to the institution on certain terms and conditions inter alia adding the name of their father, that is, Shri Hirji Bhojraj. The institution is since then known as Shri Hirji Bhojraj& Sons Cutchi Visha Oswal Jain Chhatralaya. The institution received several donations with the co-operation of the Cutchi Visha Oswal community. In 1934, a generous donation of 1,30,000 kori (the currency of the then Kutch State), from the Trustees of Sheth Ghelabhai Ganshi Smarak Fund was received and a branch of the institution was started at Durgapur, Kutch. In 1945, a handsome donation of Rs. 81,000 was received from Shri Hirji Ghelabhai Savla for a Gujarati medium secondary school attached to the institution now known as Shri Hirji Ghelabhai Savla Vidyalaya. In this reconstruction of their alma-mater, the cost of which is about Rs.10 crores, the past students of the institution decided to donate Rs. 5.25 crores as a demonstration of their gratitude, without any conditions. This speaks volumes about the institution which is seen as a mother who has nurtured her children over the years.