Vidya Academy is managed by MNBS Trust - Moodlakatte Nagarathna Bhujanga Shetty Trust (R), Moodlakatte., who pioneered an educational movement in Kundapura taluk to establish Institutes in Engineering and Management for the deserving and poor students of the area. The trust was formed in the year 1995 under the leadership of late I M Jayaram Shetty. The key purpose of forming the trust was to promote education, social and cultural activities in rural areas of our country. The trust has contributed tremendously in the area of education since its inception. Vidya Academy is fully backed by the Trust along with the strong advisory group of Academicians, Industrialists and entrepreneurs.
The objectives for which MNBS Trust is established are educational, social, cultural, economic and advancement of any other charitable and developmental objects of general public utility and community welfare.