The school is founded in the name of Sree Narayana Guru. The Guru's most famous teaching is 'One Caste, One Creed, One God for Man'.
The Sree Narayana Central School is managed and owned by the Karunagappally S.N.D.P. Union Developmant and Welfare Society Reg. No. Q 389/02. The school was inaugurated by the Hon'ble Minister for Food and Civil Supplies Sri. E. Chandrasekharan Nair, on 13th June, 2000 in the presence of Hon'ble Minister for Culture and Fisheries Sri. T.K. Ramakrishnan. The school started with standards I & V.
The foundation stone for the new school building was laid by Sri. Vellappalli Natesan, Hon. General Secretary of the S.N.D.P. Yogain and Secretary of the S.N. Trusts, in the presence of H.H. Swami Saswatheekananda, Sri. A.N. Rajan Babu MLA and Sri. Shibu Baby John MLA on 17th April 2002 and the newly constructed multi storeyed building was inaugurated by Sri. 0. Rajagopal, Hon. Union Minister of State for Defence on 21st February 2004. The School is now situated, with all its pride, in the heart of Karunagappally Town, by the side of Alumkadavu Road, easily accessible from all places with Stds Ito XII.