Margi was registered in 1970, as a Society under the Travancore Cochin Literary Scientific and Charitable Societies Regn. Act XII of 1955, with chief founders, D. Appukuttan Nair, T.N.N.Bhattathiripad, and K.V.Kochaniyan. The name ‘Margi’ in Sanskrit means pursuit of aesthetic values which are universal and everlasting as distinguished from ‘Desi’ in Sanskrit meaning ‘limited to a particular region'.