He was born on 13 November 1917, Deepavali day to Venkatalakshmi Ammal and Rama Sastry, a primary school teacher in Bangalore.

[1] Sri Chandrashekhara Bharati III Mahaswamigal announced his desire to appoint Srinivasa Sastry as the successor-designate (i.e., as the 35th Jagadguru acharya) and give him Sanyasa.

The Shishya Sweekaram ceremony took place on the 22nd day of May, 1931 and the brahmachari received the saffron robes, the sacred staff and the kamandalu (water pot) from the acharya.

He renovated the Ammanavaru and Ganapati shrines in the Sharada temple, converted a huge bamboo forest into cultivable land, laid roads of access in Sringeri and introduced irrigation facilities.

[4] In May 1979 he organized a historic meeting of the heads of all the four Maths established by Sri Adi Sankara - Sringeri, Puri, Dwarka and JoshiMath.