In the erstwhile Hyderabad State, Karimnagar had the distinction of starting the first Higher Secondary School in the year 1944-45. With a gap of eleven years the district had the distinction of starting the First Degree College in this region in the year 1956. After passing of time i.e., two and a half decades the Satavahana Institute of Post Graduate Studies was started with M.A. Economics and M.Com in 1980 under the direction of K.S. Sharma, Sri V. Kondal Rao and V. Rama Rao.
In the academic year 1989-90, the Institute became the PG Centre of Osmania University, Hyderabad and subsequently in the year 1993 it was transferred to the administrative control of Kakatiya University, Warangal.
The postgraduate centre at Karimnagar of Kakatiya University was upgraded as Satavahana University as per Act No. 29 of 2008 and GO.MS.No.160 dated: 07-08-2008 and the same was published in the Andhra Pradesh Gazette Part IV-B Extra Ordinary, Wednesday, September 24, 2008. The University has presently eleven courses i.e., M.A. in Economics, English, Telugu, Urdu, Sociology, M.Com, M.B.A., M.C.A., M.Sc.(Chemistry), M.Sc.(Computer Science) and B.Pharmacy.
At present the PG College of Satavahana University is located in sprawling area of 42.2 acres at Left Flank of Manair Dam of Karimnagar district.