The devotional motto of the institution is "Bahujana Hitay Bahujana Sukhay". The institution has been registered under society's Registration Act 1860.(No 2766 of 1951-52 dated 21-02-1952) and Bombay Public Trust Act 1950(NO F-27 dated 23-08-1954).
After the sad demise of Karmaveer Bhausaheb Hiray, on 6th November 1961, his elder son Lokenete Vyankatrao Hiray took over the responsibility of the institutions. Under his efforts and guidance, M.G. Vidya Mandir started other colleges imparting higher education in the faculties of Arts, Science, Commerce, Law, Pharmacy and Education at Nashik Malegaon and later on at Manmad, Yeola and Nampur.
After his unfortunate and untimely demise in the year 1980, his wife Smt. Pushpatai Hiray devoted her services for the continuance of the work. The institution started new colleges at Harsul and Surgana- the remote tribal areas and a Women's college at Malegaon, and a college at Saundane. Today M.G. Vidya Mandir is progressing under the able leadership of the General Secretary, Hon'ble Shri. Prashantdada Hiray, former Minister of state for Transport. He has also established professional colleges such as Dental Colleges and Hospital, extension of college of pharmacy, Institution of Hotel Management and Catering Technology, Institution of Management and Research (M.B.A) etc, to widen the scope of career selection and to satisfy the growing demands for professional courses in urban areas. His main aim is to enhance the quality of education, right from primary to higher education. His Son Hon'ble. Shri Apurva Hiray (M.L.C.)has also actively involved himself as a co-ordinator,(M.G. Vidya Mandir) in enhancing the quality education in the era of competitive globalization through his dedicated efforts. Presently 87 educational units ranging from primary to post graduate and from traditional education to current disciplines such as Computer Management, Health Sciences, Agriculture, Pharmacy, Hotel Management etc. are managed by the Trust.