In the late fifties, the three brothers (founder trustees) - Shri Chatrabhuj Narsee, Shri Pratap Narsee and Shri Dharamshi Narsee felt that it was time to give concrete shape to their long standing aspiration of perpetuating the sacred memory of their parents and of serving the community and the locality where they had grown and prospered. Thus Shri Narsee Monjee and Jamnabai Narsee Public Charitable Trust was established in 1959. Shri Narsee Monjee had always stressed on the importance of education and had in his own inimitable way supported the needy in this area. To continue this noble tradition, the founder trustees' established 'Narsee Monjee Educational Trust' in 1970. Though established later, this Trust has now become the major trust carrying out its activities in the field of education.