The Mandali owes its origin to the keen sense of service and co-operation, enriched by a small band of far-sighted men, in the community, conceived the idea to start an Institution to help the needy and deserving students of either sex-irrespective of sub-sections, to enter the portals of learning, individual charity and benevolence, not always easy to find and often embarrassing to accept, was to be mobilized through an institution- the Mandali. An idea conceived in 1902- received the generous support of the community to fulfill its ideas, and hope the philanthropic-minded members of the community will come forward and extend their full-fledged support. The Mandali today has come to be justifiably recognized as one of the premier institutions of its kind. The Mandali concentrates its efforts, according to its Aims and Objects, mainly on granting Scholarships to both the boys and girls of the Goud Saraswat Brahmin Community(comprising all sub-sections) from all states to prosecute their Primary, Secondary, Higher Secondary and Collegiate Education.
The career of the Mandali for more than HUNDRED AND THIRTEEN Years adores a tale of selfless devotion of a chain of workers, of success and glory of its students in studies and in later life and benevolence and generosity of the Saraswat community or looked back.ln, the First-year it gave a scholarship of Rs.75/- and had 65 members on its roll. During the period of hundred & thirteen years Rs.2,34,59,158/- were disbursed by way of scholarships. The Permanent Fund of the Mandali today stands of Rs.2,43,52,701/- with 4405 members on its role.