The long cherished dream of the Missionary Congregation of the Blessed Sacrament to establish a theologate of its own was first expressed in the General Synaxes convened in 1997 and 2001. In accordance with the synaxes’ decision, twenty acres of land was purchased at Thamarassery on 15th July 1999. And on 24th May 2001 His Excellency Mar Thomas Elavanal mcbs, the bishop of Kalyan, laid the foundation stone for the Sanathana MCBS Theologate.

On 7th June 2004, His Excellency Mar Paul Chittilapilly, the bishop of Thamarassery, inaugurated the first academic year 2004-2005 of the Divya Karunya Vidyapeetham, in the presence of Very Rev. Fr. George Karintholil, the then Superior General of MCBS, Very Rev. Fr. Joseph Arumachadath, and Very Rev. Fr .George Kizhakkemury, the then provincials of Emmaus and Zion Provinces respectively.