Sri Venkateswara College was the visionary realization of the spirited vision and dream of three stalwarts in the public domain Smt. Durga Bai Deshmukh, Dr. K.L. Rao and Dr. C. Anna Rao. Fired with the zeal of promoting the cause of education, the college was set up at New Delhi under the benign auspices of Tirumala Tirupati Devasthanams (T.T.D.) in 1961.
The foundation stone for the construction of a full fledged college building in the spacious site of nearly 15 acres provided at Dhaula Kuan, New Delhi, was laid on 20th August'1961 appropriately and auspiciously by Dr. Sarvepalli Radhakrishnan, India's outstanding teacher, scholar and statesman.