The establishment of the residential school at Talapady to help parents take care of their wards in a better way, and the establishment of a CBSE school at Vamanjur to help the economically weaker sections of the society may be considered as major milestones in the history of the Sharada Group. Dr M. B. Puranik’s efforts ensured that students had access to modern education with the core being Indian values and cultural diversities within the institutions, fostering the growth and development of the nation.
Dr. M.B. Puranik is also a recipient of the prestigious 2010 "Karnataka Rajyotsava Puraskar.” He achieved the remarkable milestone of being conferred an honorary doctorate in 2023 by Mangalore University, a testament to his outstanding contributions in the field of education. Widely regarded as an idealistic, principled, and assiduous individual, Dr M.B. Puranik played a pivotal role in the establishment and growth of the Sharada Group of Institutions.