The university is named after a patron of learning and the arts, Sri Krishnadevaraya, of the Vijayanagara empire of the 16th century.

1.2 crores, Sri Krishnadevaraya Institute of Management was started with funding from the UGC.

Sri Krishnadevaraya University College of Engineering & Technology was started in 2006 with self-finance.

Situated in rural environs in a campus of over 482 acres (1.95 km2) of land, the university includes a University Science Instrumentation Centre, a University Central Library, a Computer Centre, a Health Centre, a gymnasium, an outdoor stadium, an Auditorium and space to accommodate departments of studies, laboratories, Bank facility, 24*7 ATM, hostels, and housing for the staff.

There is one SC/ST Book Bank, INFLIBNET facility, and software for University Libraries (SOUL).