The Vidyashankara temple at Sringeri was built in memory of Guru Vidyashankara or Vidyathirtha by Vidyaranya, with the aid of the Vijayanagar rulers in the 14th century. The golden image of Sarada was also installed then at the Sarada temple. The temple also houses ruby images of Venugopala and Srinivasa and a Nandi made out of a large pearl. Several inscriptions are seen in the temple, describing contributions made by the Vijayanagar emperors.
The Vidyashankara Temple was built in the year 1338 A.D. It is a unique monument built entirely of stone combining both Hoysala (Chalukya) and Dravidian architectural styles. The structure stands on a high plinth and commands a magnificent view from the hills and their slopes all round. It is more or less a rectangle with apisidal east-west ends. On the western side is the Garbhagriha, with Vidya Ganapati on one side and Durga on the other side of the entrance.
Due to its architectural features, this temple is taken care by the Archaeological Department.
Vidyatirtha Rathotsava is celebrated on a grand scale during kartika Shukla paksha. The festival spans for seven days from Tritiya to Navami. On Saptami, Jagadguru Bharathi Teertha Mahaswamigal offers a special puja. The Aradhana of Sri Vidya Shankara is also performed on shasti, saptami and ashtami