Late Sri S. Alwardas, the founder of this institution, was a visionary leader whose commitment, unsparing zeal, and broad vision brought this institution to the forefront of B-schools in India. Sri Sunkari Alwar Das was born on October 31st, 1930, in Visakhapatnam City, into a respectable family. His parents were Sri Srinivasa Rao Naidu and Smt. Alivelu Manga Thayaramma. He completed his school education in Narasipatnam, Srikakulam, Ichapuram, Parvathipuram, and Anakapalli, and his intermediate education in Visakhapatnam. He went on to earn a postgraduate degree in Economics from Andhra University, Visakhapatnam, and an L.L.B. from Delhi University.
Sri S. Alwardas took a keen interest in public affairs at an early age. He worked with the Student Congress and participated in the Quit India Movement. After India gained independence, he was actively involved in the struggle for a separate Andhra State in the early 1950s and also participated in the agitation for a steel plant at Visakhapatnam. He was elected as a municipal councilor of Visakhapatnam for two terms and became Vice-Chairman during his second term in 1978. He was also elected as a member of the Legislative Assembly of Andhra Pradesh and was elevated to the position of Minister for Municipal Administration, Urban Development, and Education.