Savedi, a suburb of Ahmednagar, had no facility for education. Realizing this acute need Shri. Chandrakant Renavikar and his brother started Kai. Damodar Shankar Renavikar Vidyamandir in memory of his father on June 9, 1987. The School was handed over to MES in 2005. In the very first year, the School had two classes of kindergarten, and one class each between Std. I and IV. Thus, there were 300 students in the beginning. At present, the School comprises classes from Std. I - VII, and there are 800 students.
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