Established October 6, 1821, Deccan College is one of the oldest institutions of modern learning in India. It was originally run by the Bombay Government as a center for undergraduate and postgraduate studies, offering western education in accordance with the desire of its founder Mountstuart Elphinstone. It was temporarily shut down in 1934 due to lack of funding, but was reopened on August 17, 1939 as a Post-Graduate and Research Institute for promoting higher learning and research in Indology and Social Sciences. The reopened institute originally had four teaching and research Departments: Archaeology, Linguistics, History, and Sociology-Anthropology. It was incorporated by the Poona University (now University of Pune) in 1948, becoming one of its recognized institutions. India granted the Deemed to be University Status to the Institute on March 5, 1990. Currently Deccan College has two teaching and research Departments, Archaeology and linguistics.