Paurastya Vidyāpīṭham is the local name given to the Pontifical Oriental Institute of Religious Studies, an autonomous Faculty of Theology erected by the Congregation for the Oriental Churches on 3 July 1982. It is subject to the authority of the Synod of Bishops of the Syro–Malabar Church, which exercises its authority through a Synodal Commission. On 21 February 1973 the Department of Theology at St. Thomas Apostolic Seminary was affiliated to the Faculty of Oriental Ecclesiastical Sciences at the Pontifical Oriental Institute Rome. Considering the steady growth of the Department the Congregation for Catholic Education erected its as an independent Theological Faculty with right to confer the degrees of B. Th. (Bachelor of Theology), M. Th. (Master of Theology) and D. Th. (Doctor of Theology) on July 3, 1982. On August 15, 1985 the Department of Philosophy was given the power to confer the degree of B. Ph. (B.A. in Philosophy). On 12 December 2016 the Institute of Eastern Canon Law, aggregated to the Faculty of Oriental Canon Law at Pontifical Oriental Institute, Rome was erected at PVP by the same Congregation.
Promote the patrimony of Christian wisdom of both East and West with special reference to India and the heritage of the Church of the St. Thomas Christians.
Articulate systematically the truths contained in the Biblical, Patristic, Liturgical and Spiritual traditions of the Eastern Ecclesiastical heritage and promote ecumenical studies with special reference to the actual situation in India and endorse the harmonious co-existence and co-operation of the different Churches sui iuris.