The Allana College of Pharmacy was established in 1996 by the M.C.E. Society with Donation given by Late Mr. Abdul Razzak Allana and Late Mr. Hussain Allana, dedicated to the memory of their parents, Late Haji J. H. A. Allana & Late Mrs. A. H. J. Allana.

The College is approved by the Pharmacy Council of India New Delhi till date alongwith the approval of AICTE, New Delhi and Permanent affiliation with Savitribai Phule Pune University till 2022. The B. Pharm program is reaccredited by National Board of Reaccreditation , New Delhi. Since 2022 the Allana College of Pharmacy is a Constituent Institute of Dr. P.A. Inamdar University, Pune.

The college offers a four-year Bachelor of Pharmacy (B. Pharm), a two-year M. Pharmacy in Pharmaceutics and Quality Assurance Techniques (15 seats each), and is a recognized Ph.D. research center. With highly experienced eligible teaching faculty members, It has spacious, well-equipped Labs, Machine room, Instrument room and Classrooms with audio -visual facilities, Library with over 5000 titles and 17000 volumes, Computer lab with high speed internet connectivity.