LBS College was established as a coeducational institution in the year 2000, initially offering only two faculties: Commerce and Arts. At its inception, the college had a modest enrollment of 118 students. The growth and development of the college were significantly supported by generous donations and the assistance of community members, along with the unwavering commitment of a dedicated group of teachers.
Due to these combined efforts, the college experienced rapid expansion. Within a short span of three years, it had acquired its own building. By 2005, the student body had grown substantially, reaching a total of 435 students.