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.