The Department was established in 1932 in the same year, the UG Course of B. A. Economics was started. Rev.Fr. Bonhoure S.J., Rev.Fr.S.Mudiappar, S.J., Rev.Fr. X.M.Adaikalam, S.J., Rev.Fr.J.Adhisayam, S.J., Prof. V.Thiyagarajan, Prof.P..C..R Peter (Well known as Paradesi Peter) had served the Department with full commitment and dedication. After 17 years of his dedicated service, Prof. P. C. R. Peter resigned the service in 1944 and went to serve the God the Almighty.
Prof. Bonaventure de Mel was appointed in his place in 1944. Rev.Fr. K.A.Soosai S.J. joined in the Department in 1946 and after a short break, he came back in 1951 and became the Principal of the College in 1952-1962. Rev. Fr. Mudiappar S.J. left the college after two decades of noble service. Rev. Fr. Rayappar S. J. became the Head of the Department and served as Rector for 4 years. He left the College in 1951.
Prof.V.Thyagarajan, after 30 long years of devoted service, he retired from service in 1953. His place was filled by Rev. Fr. X. M. Adaikalam S.J. later, He left for Loyola College Madras in 1957. With the introduction of PUC in 1956 Rev. Fr. J. Puttenkalam S.J. and Rev. Fr. S. Rajanayagam S.J. joined the Department. In 1957, they left the college in 1958 and 1960 respectively. Mr. Vincent Gabriel B.A. (Hons) was promoted as lecturer in 1957 however, he deceased in the year of 1960.
Mr.R.Arockiasamy B.A. (Hons) and Rev.Fr.V.T. George S.J. joined the Dept. when Rev.Fr.K.A. Soosai S.J. left the college. Rev. Fr. Oswald Mathias,S.J. became the Head of the Department. The following year Mr. David Michael retired after 34 years of devoted service. Prof. Bonaventure De Mel left the institution in 1963 after 19 years of dedicated service. Rev. Fr.Oswald Mathias,S.J. served the institution as Vice Principal also. He left for Loyola College, Chennai in 1966.
In 1966, Rev. Fr. Rajanayagam S.J. became the Head of the Department as well Principal of the college and he introduced the Tamil medium instruction at PUC and Degree levels and started a special B.A. Economics Degree course in the Department in 1962. Prof.M.S. Arockiasamy joined the department in 1968.
Prof.C.Michael Pro became the Head of the Department in 1976-1996. Prof.R.Arockiasamy, Prof.M.S.Arockiasamy, Prof.P.Muthusamy and Prof.Maria Francis Xavier were the other faculties of Department of Economics till 1993. Prof. R. Arockiasamy and Prof. Maria Francis Xavier retired from their services in 1994.
Prof.C.Michael Pro became the Head of the Department in 1976-1996. Prof.R.Arockiasamy, Prof.M.S.Arockiasamy, Prof.P.Muthusamy and Prof.Maria Francis Xavier were the other faculties of Department of Economics till 1993. Prof. R. Arockiasamy and Prof. Maria Francis Xavier retired from their services in 1994.
Rev. Fr. Dr.R.Rajarathinam S.J. joined in the Department in 1993 and Dr. P. Devaraju joined the Department in 1994. In 1996, Prof.C.Michael Pro retired after his 34 years of service and Prof.M.S.Arockiasamy also retired after his 28 years of service in the same year 1996. Prof.P.Muthusamy became the Head of the Department in 1996-1999. Rev.Fr. Dr. Joseph Antonysamy S.J served as History faculty in the Department in the years of 1996-1998. Dr. S.V.L. Michael joined the Department 1998. Prof. P.Muthusamy retired after 33 years of service in 1999.
Rev. Fr. Dr. R. Rajarathinam,S.J. became the Head of the Department in 1999. In the same year Dr.J.Amalanathan joined the Department. Dr.Thaarcis Albin joined the Department in the year 2000. Dr.P.Devaraju, Dr. S.V.L. Michael, Dr.J.Amalanathan, Dr. Thaarcis Albin and Rev.Fr.G. Arockiaraj (History) S.J, were other staff members of the Department till 2004. When Rev. Fr. Dr.R Rajarathinam, moved to St. Joseph’s College, Trichy, as the Principal of the College in 2005-06. Rev. Fr. Leonard S.J. became the Head of the Department in the same year, Girl students were admitted into the U.G Economics in the Department since 2005-2006 onwards.
Dr. P. Devaraju became the Head of the Department in 2006-2011. Rev. Fr.Dr. Alphonse Manickam S.J. joined in the Department as a History faculty in 2007-08. In the same year he became the Principal of the college. In the year 2011 M.A. Economics was started under the Headship of Dr. P. Devaraju. Later, Dr. S.V.L. Michael became the Head of the Department in 2004-2006 and 2011- 2016 respectively.
Mr. D. Antonysamy and Dr. S. Alphonsa (History) were appointed in the Department in 2015-16. Dr. J. Amalanathan became the Head of the Department for academic year of 2016-17. During his service as Head of the Department, the Department was recognized as the “PG and Research Department of Economics” in the year 2017-18.
Dr. Thaarcis Albin became the head of the Department in 2017-20. Dr. S.V.L. Michael retired from the service after 20 years of service in the year of 2017-18. Dr. S.Sasikumar was appointed in the Department in the place of Dr. S.V.L Michael in 2018-2019. Dr. J. Amalanathan retired from services in the year of 2021-22 after 22 years of his service. In the place of Dr. J.Amalanathan, Dr. P.Shenbagaraj was appointed in the year of 2023-24 and Dr. Thaarcis Albin deceased in the month of June 2024.
At present, Dr. S.Sasikumar, Head of the Department in charge since 2020-21, Dr. P. Devaraju, Mr. D. Antonysamy, Dr. P.Shenbagaraj and Dr. S. Alphonsa (History) are serving in aided stream and Mr. R. Saravanakumar (Coordinator for PG, Shift-II) and Dr.S,Amala Gemsla and Dr. M.Anto Soniya are serving in self-financing stream in the Department of Economics. Now, Nine Research scholars are pursuing their Ph. D, Degree, out of which, three scholars have submitted their Ph.D, thesis in the Department.