The institution was established in 1939 by its Founder-Principal Shri Vinaya Chandra Maudgalya, disciple of the veteran musician, Pandit Vinayakrao Patwardhan. The Vidyalaya's main objective was to commemorate the great saint-musician and resuscitator of Hindustani music, Pt. Vishnu Digambar Paluskar, and to keep up the ideals set down by him in order to popularize Indian classical music amongst the masses through :

. modernized methods of instruction

. training of qualified teachers, and

. by restoring to music its rightful place as an integral part of our culture.