Tamilnadu Educational & Medical Foundation was founded in 1972 as a Public Charitable Foundation with a view to providing high-quality technical & medical education in Tamilnadu. Sri.Ratanchand Savansukha, the Founder Directors and Sri.Sundarlal Nahata, Sri.S.Suganmal Srisrimal, Sri.Dr.C.L.Metha and Sri.Dayachand Savansukha, all promoter Directors contributed Rs.101/- each towards and for the purpose of founding and maintaining educational Institutions and medical and health centre, in the city of Madras and elsewhere together with donations, contributions and collection to be secreted and collected and realized by them.

Subsequently in 1974, Sri.Pukhraj Jain, Sri.Lalchand Munoth, Sri.Nalli Kuppusamy Chetty, Sri.P.G.Chengalvaraya Chetty, Sri.Kushalchand Galada & Sri.S.M.Vasraj Jain were inducted as Life Directors . To comply with the requirement of Jain minority institution Sri.Nalli Kuppusamy Chetty & Sri.P.G.Chengalvaraya Chetty resigned. Sri.Sundarlal Nahata & Sri.S.M.Vasraj Jain also ceased to be Directors on their demise. In 1981 Sri.Vinaychand Galada was inducted as Life Directors . In 1983 Sri.Mahaveerchand Srisrimal was inducted as Life Directors on the demise of his father Sri.Suganmal Srisrimal. In 1984 Sri.Shantilal Munoth, brother of Chairman Sri.Lalchand Munoth, was inducted as life Directors following the establishment of Misrimal Navajee Munoth Jain Polytechnic. In 1994 Sri.Jaswant Munoth, son of Chairman Sri.Lalchand Munoth, was inducted as Life Directors following the establishment of Engineering College. In 1995 Sri.Harish L Metha was inducted as Life Directors on the demise of Sri.Dr.C.L.Metha. In February 2015, Sri.Dharmendra Savansukha was inducted as Life Directors on the demise of Sri.C.Ratanchand Savansukha. Sri.J.Pukhraj Jain ceased to be a Directors on his demise in September 2019.

The Dhanraj Baid Charities gifted to the Foundation property & land measuring 12.5 grounds in Mahalingapuram valued at Rs.2.59 lakhs (TEAM Foundation paid Rs.75,000/- for the property as that sum was unpaid by Dhanraj Baid Charities) in 1972 as part of their Rs.7 lakhs donation. The Foundation acquired 25.33 acres of land for Rs.2.5 lakhs in the period 1975 to 1978 and 6.08 acres for Rs.3.60 lakhs in 1981 in Thoraipakkam.

The Misrimal Navajee Munoth Jain Engineering College acquired 5 acres of land for Rs.33.25 lakhs in the year 2001. All the institutions belonging to the Foundation are located in these land.

The Foundation established Dhanraj Baid Jain College in 1972. Dhanraj Baid Charities represented by its directors Sri. Ratanchand Savansukha came forward with a donation of Rs.7 lakhs partly in the form of property & partly as cash (paid in installments between 1972 and 1988) and made it possible to establish the Arts & Science College in Chennai. The college was named after Sri.Dhanraj Baid. The Foundation established Dhanraj Baid Jain Institute of Management in 1976. Both these institutions are located on a land measuring 17.05 acres with a built-up area of over 1,80,000sq.ft.

The Foundation established Misrimal Navajee Munoth Jain Polytechnic in the year 1984. Sri.Lalchand Munoth, Chairman of the Foundation came forward with a donation of Rs.10 lakhs in 1984. The Polytechnic was named after the Chairman’s father Late Sri.Misrimal Navajee. The said Polytechnic was closed in April 1996 as per AICTE directions.

The Foundation established Misrimal Navajee Munoth Jain Engineering College in 1994. Sri. Lalchand Munoth, Chairman of the Foundation came forward with a donation of Rs.25 lakhs in 1994 and made it possible to realize the dream of Late Dr.C.L.Metha, Secretary of the Foundation and himself to establish a technical College in Chennai. The college was named after the Chairman’s father Late Sri.Misrimal Navajee. This college is located in an extent of land measuring 16.86 acres with a built-up area of over 3,49,000sq.ft

The Foundation established Misrimal Navajee Munoth Jain School of Architecture in the year 2012. This college is located in an extent of land measuring 2 acres with a built-up area of over 50,000 sq.ft.

The Foundation established Lalchand Leeladevi Munoth Jain Medical Care at Mahalingapuram in the year 2016. Sri. Lalchand Munoth, Chairman of the Foundation since 1983 came forward with a donation of Rs.51 lakhs to establish a State of Art Medical Care. The Medical Care is named after the Chairman and his wife – Lalchand Leeladevi Munoth.

With the background of educational & medical service of which TEAM Foundation can well be proud of and with the enthusiasm, cooperation of several donors and well-wishers the institutions have made all round progress.

Apart from the main donors after whom the institutions are named a large number of philanthropists contributed handsomely. In the initial days (1972-1975) of the establishment of the Foundation , a group of 82 people donated Rs.8,33,186/- (including donations from Sri.Champalal Savansukha family trust Rs.2,50,000/- Sri.Kushalchand Galada Rs.51,000/-, Sri.Suganmal Srisrimal, Dr.C.L.Metha, Sri.Lalchand Munoth, Sri.S.M.Vasraj Jain, Sri.Pukhraj Jain, Sri.Nalli Kuppusamy Chetty, Sri.P.G.Chengalvaraya Chetty Rs.10,000/- each and Sri.Sundarlal Nahata Rs.5,000/-) for establishment of the Dhanraj Baid Jain College.

In 1984 a group of 7 people donated Rs.6,00,000/- (M/s. Kumbhat & Co., M/s.S.Devraj & Sons, Sri.Sugalchand Jain, Sri.Nalli Kuppusamy Chetty, Sri.P.G.Chengalvaraya Chetty Rs.1 Lakh each and Sri.Subhashchand Ranka, Sri.Mohanlal Chordia Rs.50,000/- each) as building fund for the Misrimal Navajee Munoth Jain Polytechnic.

In 1997 a group of 11 people donated Rs.43,00,000/- (M/s.Bhawarlal Bafna & sons Rs.15 Lakhs, Munoth Communication Ltd, Sri.Harish Uday Metha, M/s.Meghraj Sakaria & sons, Sri.Ravikant Choudhry, M/s.J.G.Group, Sri.S.Shantilal Jain, Sri.K.Shantilal Jain, Sri.Bherulal R.Jain and Sri.Subhashchand Ranka, (Rs.3 Lakhs each), Sri.Prithviraj Kawad (Rs.1 Lakh) as building fund for the Misrimal Navajee Munoth Jain Engineering College. The Foundation has also received donations from others over a period of time including Rs.1 Lakh from Sri.Manakchand Gouthamchand Bethala.