The Holy Family Red Crescent Medical College (HFRCMC) is established in the year 2000 with an objective to meet up the lack of medical graduates in the field of medical science. This medical college is a project of Bangladesh Red Crescent Society (BDRCS) and run under its authority and control. It starts its journey with 50 students during the school year 1999-2000. Presently this medical College has 528 students and 3rd batch has already qualified as doctors and undergoing internship training at Holy Family Red Crescent Medical College. The Holy Family Red Crescent Medical college (HFRCMC) performed excellent result in the 3rd professional MBBS examination in the year 2002 and also on the subsequent years among all the Medical Colleges under Dhaka University due to its skilled management system, latest educational instruments, and well trained teaching stuff. From the school year 2002-2003 classes are taken using computers, multimedia and projectors for effective delivery of lecturers. This Medical College has a well-organized library with enough latest books and journals with enough latest books and journals with computer and internet connection. At present hostel seats are not available.

                The Holy Family Red Crescent Medical College has a separate Governing Board and a College Academic Council with respective powers and functions as enumerated in the constitution of the college. The said Governing Board and College Academic Council however function within the limits of their powers and administrative, financial and other jurisdiction set by the managing Board of the BDRCS.

It follows the courses and curriculum of MBBS course as lay down by Dhaka University and Bangladesh Medical and Dental Council (BMDC). Government of Bangladesh regulates the rules regarding admission of students and criteria of qualifications. The professional examinations are conducted by Dhaka University and certificates of MBBS degree are awarded by Dhaka University.

                       
It is located within the premises of the Holy Family Red Crescent Medical College Hospital in a calm and quiet environment to ensure effective learning. The Hospital and Medical College Campus is located at 1, Eskaton Garden Road, Dhaka in 8.10 acres of land. That land, building and properties of the complex are owned by the BDRCS.