Jagannath Jain College, a co-educational degree college was established in March 1960 by some eminent personalities interested in the social and educational development of the backward region of koderma and its adjoining areas. An enlightened person, Late Jagannath Jain of Jhumri Telaiya was the biggest contributor in the establishment of the college. Hence, the college was named after him. Late R.S. Bajpai, a professor and retired army officer, famous for his honesty, discipline and academic interest was the first Principal of J.J.College, Jhumri Telaiya who inculcated a sense of high ideas in the students of the college right from the very beginning. The college was initially affiliated up to degree level in Arts in 1960 and later on granted affiliation in Commerce & Science from 1976-78. The college became a constituent unit of Ranchi University in 1977 and was duly registered under section 2f &12Bof the UGC Act in 1983 & now it has been accredited by NAAC with B Grade. The beautiful campus of J.J.College lies between Jhumri Telaiya township and Koderma on Ranchi- Patna Road i.e. NH33. It consists of 17.11 acres of land and is at a distance of about 60 km from the Vinoba Bhave University Campus at Hazaribag. The college has well qualified & experienced faculty members who ensure students' satisfaction in the thrust for knowledge.

Now, the college is a constituent unit of Vinoba Bhave University & it has been accredited by NAAC with B Grade.