Warana Mahavidyalaya is run by Shree Warana Shikshan Sanstha, Aitawade Khurd one of the leading and reputed educational society. The college was established in July 2000 for providing higher education to the students specially who were socially and economically deprived. The college is affiliated to Shivaji University, Kolhapur. The college is included under the sections of 2(f) of UGC Act 1956 in February 2021. Warana Mahavidyalaya has been serving since 23 years for the cause of making higher education accessible to the rural area students. The college provides higher education in Arts to the underprivileged students in Aitawade as well as surrounding rural areas.