Shri Vasantrao Naik Arts & Amarsing Naik Commerce College, Mangrulpir was established in the year 1971 as a multi-faculty college providing education in arts and commerce faculties in the Mangrulpir taluka in the then Akola district in the state of Maharashtra. The college was started by Amar Shikshan Prasarak Sanstha, Mangrulpir. It was established from the money of donation given by a visionary personality Danshur Amarsinghji Naik, Resident of Asola. He was aiming to provide higher education to the students from surrounding area of Mangrulpir taluka. Under his guidance President of by Amar Shikshan Prasarak Sanstha, former Principal Shri A. A. Rathod, have started this college.
Main intent behind establishing the college was to provide higher education in less cost to the economically backward students, especially children of agricultural labours, farmers and deprived sections of society.
The college has been rendering educational services to the students of Mangrulpir town and adjoining area for the period of last 48 years. It is also providing higher secondary education facilities too. The institution was initially affiliated to Nagpur University, but later in 1984, it was attached to newly established Sant Gadge Baba Amravati University, Amravati. It has gained the status of 2 F and 12 B from the University Grants commission in March 2007.
With the changing scenario in higher education and consequent new educational policies, this institute sets its goal to provide better quality higher education. To achieve the objectives & goal, governing body, teaching staff and non-teaching staff have been taking continuous efforts since its start. As a most of the students come from economically weaker sections of the society, the institution attempts to imbibe among them good values and to make them responsible & ideal citizens of India. The college focuses on catering to the academic excellence of the students and equipping them with facilities to develop their hidden talents.