 In 2012 another old Mahindian, W. M. Wasantha Siriwardhane, assumed office as the principal but his tenure lasted for only two years.Since August 2014 Gamini Jayawardhane has been serving as the school’s principal.Mahinda College, as well as many other Buddhist Schools in Sri Lanka, owes its existence to Col Henry Steel Olcott, philanthropist and the founder of the Buddhist Theosophical Society.