Sydenham College or Sydenham College of Commerce and Economics is the first college of commerce in Asia. It is an institute in Mumbai (previously Bombay), affiliated to the University of Bombay, and offering undergraduate degrees in commerce and undergraduate and postgraduate degrees in management. The college's motto is "Labor Omnia Vincit" ("Work conquers all") and in Sanskrit, "samudyogo hi vishvajita" {Diligent Efforts Conquer the World} . The college is operated by the government of Maharshtra. Sydenham College, "the first college of commerce in Asia," was established in October 1913 and was named after the then-governor of Bombay, Lord Sydenham of Combe, who was instrumental in making the undergraduate degree of "Bachelor of Commerce" possible in Mumbai. This makes Sydenham College the oldest degree-awarding institution in commerce. Mr. K.S.Aiyar acted as first honorary principal of the college. It was only in 1941, twenty-eight years after the establishment of Sydenham College, that any other institute started offering courses in the subject. On the college's seventy-fifth anniversary in 1988, the Indian Post Office issued a commemorative stamp.