Ali-Allana College of Pharmacy (AACOP) was established in 2006. Allana Group has funded the building of AACOP. In the year 2018 AACOP will complete 12 years. AACOP has attended several milestones during these 12 years. In the year 2011 AACOP was recognized as an approved Research Centre for the doctor of philosophy in pharmacy and medicine. M Pharmacy & Ph. D., in the Pharmacy course, was started from the year 2011 to support research & development.

Today AACOP is one of the best pharmacy colleges in North Maharashtra. In the year 2015 AACOP was awarded as the best private Pharmacy College in Maharashtra by Brands Academy, Delhi. To date, 450 students have graduated as B Pharm and 67 students have passed out as Master of Pharmacy. 3 students of AACOP were awarded doctorate by the NMU in 2017. Almost all the teachers are having more than five years of teaching experience. Several research articles are published by the students of AACOP. Two students of B. Pharm & one student of M. Pharm have secured top ranks in NMU to date. Miss Chanawala Mariyambibi Mehboob has received a gold medal in the year 2012.

AACOP has started a competitive exams guidance center in January 2014 to inculcate the importance of competitive exams in the students. AACOP has started part-time certificate courses in Clinical Research and Regulatory Affairs from the year 2017 for the students of Pharmacy which are affiliated by NMU.