The College made its humble beginning on 15th August 1983 as an Undergraduate multi faculty co-ed college under the name 'Government Science, Arts and Commerce College, Balod. It was renamed on 2008-09 after the name of famous freedom fighter Ghanshyam Singh Gupta P.G. College. Initially Balod was under Durg district, but w.e.f. 10th January 2012 it is carved into a new district.
The then, Government of M.P. allotted 40 acres of land for the development of College and its foundation stone was laid by the then, Honorable Chief Minister of M.P. Motilal Vora. The college got registered under section 2F and 12B of UGC Act in the year 1989. At the time of its inception the total number of regular students enrolled in the three disciplines i.e. Arts , Science and Commerce ,was only 219.