Nair Service Society, a great social organization of long standing founded by Sri Mannath Padmanabhan, added Sri Vyasa N.S.S. College to the impressive list of educational institutions run by it in the beginning of the academic year 1971- 72. Originally established in 1967 as Sri Vyasa College by the Jnana Ashram which been doing great service in the spiritual field throughout the country for several years, this institutions has been catering, albeit in a modest way, to the higher educational needs of a large part of Thalappilly Taluk in a remarkable manner.

The foundation stone for the College building was laid by Sri M.K.K. Nair on 9th April, 1967. The College started functioning on 10th July 1967 with four batches of Pre-degree students and in 1968 the student strength rose to six batches of 80 students each. Realizing that work in the educational field was hampering its main objective of spiritual work, the Jnana Ashram in 1971 decided to entrust the College to a responsible social body capable of giving shape to its ambitious plans.