On 20th of May 1934, under the wishful patronage of Mr. Wilmot A. Perera, a prominent revolutionary educationist / politician of Sri Lanka, Sripalee ( place where the, the goddess of fine arts lives) stared by Guru Dave Rabindranath Tagore a grate writer / artist / educationist of India as a model of his famous university at Shanthi Niketan latter called Visva Bharathi University .
The founder of Sri Palee College was a proprietor planter Mr. Wilmot A. Perera. His farther was Mr. Abraham Perera who was known as King of Rubber in Raigam and Pasdun Korales and was the richest person in the area as he got a massive income through rubber due to agreement between an English company and him. Mr. Wilmot A Perera was born on the 12 th June 1905. First he was educated at Cyril Jansze College at Panadura and later at Royal College Colombo . Mr. Wilmot A. Perera thought of studying archaeology after his education. But After his father's demise he had to be a planter. Within a short period he become a successful planter and got married to a lady from rich family in Galle .