Sri Sagi Ramakrishnam Raju, the doyen of contractors, was the founder of Prasad & Company (Project Works) Limited. He has played a philanthropic role in the construction of Nagarjuna Sagar Dam, the world's largest, highest Masonary Dam in Andhra Pradesh. In the execution of this project work, he was constantly troubled by the lack of quality engineers. The sudden innovative idea to meet the needs of the then society & flourish it by leaps of bounds, his vision came into the limelight in the form of a prestigious institution named S.R.K.R. Engineering College in the rural background. Discussions with the elite of the town nourished the formation of an educational society in the name of "Sagi Ramakrishnam Raju Engineering College Association". Sri Sagi Ramakrishnam Raju, a visionary driven by the conviction that the country's progress and prosperity are invariably linked to the fostering human excellence in the sphere of science and technology, came forward with a magnanimous donation for the establishment of this college. The college was established on 22-10-1980 and is named after him "Sagi Ramakrishnam Raju Engineering College" in recognition of his services.

The relentless and untiring efforts of the Chief Donor Sri Sagi Ramakrishnam Raju, Founder President Sri G. Ranga Raju, Founder Vice President Sri V.K.D.V. Satyanarayana Raju, Founder Secretary and Correspondent Sri G.S. Ramabhadra Raju, Founder Treasurer Sri S. Atchuta Rama Raju, Founder Members Sri P. Subba Raju (Jogi Raju), Sri M. Surapa Raju, Sri K. Vijaya Narasimha Raju and Sri V. Satyanarayana Raju made it possible for the construction of its own campus with all the required facilities on the outskirts of Bhimavaram, 3 Kms away from the town on the way to Juvvalapalem. The College was started with 3 branches of Engineering - Civil, Mechanical and Electronics & Communication Engineering. Classrooms and laboratories were constructed within a year. Simultaneously, highly qualified and experienced faculty, technical and non-teaching staff were recruited.

In these thirty seven years of its existence, S.R.K.R. Engineering College has emerged as one of the most sought after centers of engineering education in the country. The mission of the college is eminence in technical education through the quality of programmes, teaching and research with social relevance. In pursuit of that mission, the college has come a long way. The college has crossed many a milestone, accomplished many a remarkable feat and earned a formidable reputation for academic excellence. The college has spared no efforts or resources to pool up and put together the best of infrastructure and faculty. Each of the departments in the college is housed in an independent building with dedicated facilities, laboratories and placement services. The well-stocked library is complemented by a large collection of magazines, journals and research material relevant to engineering education. The General Computer Centre, Digital Library features a network of the latest computing platforms, programming languages, software packages and internet technologies. The campus is self-contained with Sports grounds, Cultural Centre, Cafeteria, Bank, Post Office, Healthcare Centre and a College Store. The College offers four year undergraduate B.Tech. Programs in Twelve specializations, M.Tech. Programs with Six specializations and Ph.D. Programs.

The College has been ever fortunate to have distinguished academicians as its successive Principals. Dr.G.J.V.Jagannadha Raju, an eminent educationalist, able administrator and a person with a clear vision and mission took the office as Founder Principal and offered his services from 1980 to 1982. Highly experienced Prof. Muthu Krishnudu, Former Principal, JNTU College of Engineering, Kakinada later took charge as Principal and served from 1982 to 1983. In the year 1983, Dr.B.Janardhan Reddy, the then Head of the Civil Engineering Department took charge as Principal. Dr.B.Janardhan Reddy attained superannuation after serving this institution for 23 years as Principal on 31-05-2006. During his record stint of principal ship, he has taken the college standards and recognition to new heights. Dr.D.Ranga Raju, the then Head of the Mechanical Engineering Department took charge as Principal. Dr.D.Ranga Raju attained superannuation after serving this institution for 9 years as Principal on 31-08-2015. The college attained an honorable place among the comity of institutions during his tenure by his leadership possessed with foresight and ability. Dr.G.P.Saradhi Varma, distinguished administrator with magnificent imagination and a scholar, the then Head of the Information Technology Department & Director, PG courses took the mantle of the Principal on 01-09-2015.