Sri Mittapalli Venkata Koteswara Rao, a renowned philanthropist, educationist and industrialist, is the President of Gayatri Educational Development Society (GEDS) and has promoted a number of educational institutions and industries in the region. Under GEDS, Sri Koteswara Rao had promoted Narasaraopeta Engineering College in 1998 and expanded his educational services by establishing Narasaraopeta Institute of Pharmaceutical Sciences (NIPS) in the year 2007 and Narasaraopeta Institute of Technology (NIT) in the year 2008.

Sri Koteswara Rao has also proved his vibrant administrative abilities as the promoter of Mittapalli Spinners Pvt Ltd., and Managing trustee of Sri Mittapalli Trust which has sponsored Sri Mittapalli college of Engineering (SMCE) and Sri Mittapalli Institute of Technology for Women (SMITW) at Guntur. He is also one of the Executive Members of SONET –Society for Networking for Excellence in Technical Education, Govt of A.P. Through Mittapalli Trust, Sri Koteswara Rao has been
encouraging a number of students to pursue their education with generous scholarships.