Founded by Late Mr. Satya Narayan Bahadur Shrestha in 2022 BS, with 50 boarders and 7 day scholars in Bhairab Bhawan, Lalitpur, AVM was shifted to Manbhawan in 2032 BS. Mr. Shrestha was also the founder of Tribhuvan Adarsha Vidyalaya, Pharping and Mahendra Adarsha Vidyashram, Satdobato. He was the only founder principal of a school nominated by His Majesty Late King Birendra Bir Bikram Shah Dev in the National Education Committee. The strength of students has now reached to the tune of 2000 consistently for decades.