[citation needed] Shroff Ratwatte donated land at Hetti Vediya, Matale including a thatched building.
This school was later moved to a building at Gongawela in 1889 with the help of the Parama Vidyartha Buddhist Society.
From 1922 to 1931, V. B. Karaliyadde served as principal, and by 1923 the school building was brought to its present location.
On the guidance of Karaliyadde, Hulanganuwa Rate Mahattaya and Sediyas Silva bought and donated the present land to Vijaya College.
The official theme song for the Challenge Trophy is "Vijaya Sarade",[6] created in 2015.