A businessman and philanthropist, Dyal Singh Majithia, born in 1848, was the founder of The Tribune newspaper and Punjab National Bank.
After his death, his wealth was divided between three trusts. One of these was an education trust that set up Dyal Singh College in Lahore in 1910. The college moved to India only after Partition. A Dyal Singh College was established in Karnal and in Delhi. The other trust established the Dyal Singh Trust Library in Lahore.
The Dyal Singh College website acknowledges that the college owes its existence to Majithia and his foresight in setting up an education trust for a truly secular college.