In the very small hamlet of Vitthal in Karnataka Swami Krishnashram was born Parameshwar Nagar. In 1839, on the 9th day of the month of Kartik, after his guru Swami Vamanashram attained Maha-Samadhi(passed away), He took charge of the affairs of the community. While under his guru`s guidenence He had gained mastery over the scriptures and thus became a learned Sanskrit scholar.

To hear the Ashirvachans(Spiritual Discourses) of Swamiji, devotees move as a crowd from different parts of the country. From their Dvaita Vaishnava practises He was able to bring around many devotees. Swami Vamanashram gave up all the administration of the matha over to his Shukla Bhat managers. The affairs of the matha were in disorder. Swami Krishnashram, an able administrator took the all administrative responsibilities of the matha. The affairs of the matha were set right under his leadership and with the help of his trusted assistant Lajmi Venkataramanayya. Reforms on the collection of Vantiga(Donations), the allocation of funds for developmental projects etc were introduced.

Thus Swami Krishnashram became the seventh Guru of the Chitrapur Saraswat Brahmin community. For 24 years from 1839 to 1863, His reign lasted. During His reign several infrastructural developments were brought about including construction of temples and the redevelopment of existing ones. The Shri Subramanyeshwar Temple at Nilekani(Sirsi) and the Shri Ananteshwar Temple at Vitthal, under his leadership, were some of the temples that were renovated. After the residents of Mulki panchayat requested Swamiji for a temple The Uma-Maheshwar Temple there was constructed. The Uma-Maheshwar deity was installed by Swamiji himself in the temple. Several land added assets to the Chitrapur Math under His guardianship. The Rathotsav("Car Festival") was introduced under his regime. He was reckoned as the "Patron saint" .

In 1862, The Charriot or Car festival known as Rathotsav was inducted under Swamiji`s aegis. It was a week-long festival, in which Lord Bhavanishankar embellishes the ratha(Charriot). And around the entire village, hundreds of devotees pull the ratha with the Mathadhipati seated on the ratha. The Palki Utsav(Palanquin festival) was an integral part of the festival in which the Lord Bhavanishankara adorns the palki(palanquin) and travels a different route every day to "visit" his devotees. The Lord takes a different route each day. To welcome the Lord, the route is always marked by glowing lights and crackers. By chanting of`Vedic mantras(hymns) along with Bhajans(devotional songs), this festivity is marked. Prasad bhojan(food served as prasad) is served to each and every devotee.

Swami Krishnashram has been ascribed to famous stories about miracles performed by Him. Swami Krishnashram following a dream of Lord Bhavanishankar unearthend an exquisite sculpture of Uma-Maheshwar from a deep jungle and installed the idol near the shrine(Samadhi) of Adi Parijñanashram Swamiji at the Bhandikeri Math(Adi Matha) in Gokarn. Another incident happened during the palki Utsav while people of Shirali turned their backs onto Lord Bhavanishankara, Swamiji tried to make people believe that `the good life that people enjoyed were because of the grace of the Lord`, and there should not be any place left for selfishness and ignorance. As if by divine will, a devastating fire swept across Shirali that resulted in wanton destruction.

To continue the holy Guru Parampara, the devotees of Swamiji asked him to accept a shishya(Disciple). A smart and levelheaded boy from Mangalore was found namely Kalappa Shantapayya as the successor. In 1857, on the auspicious Shuddha Poornima day(15th day) of the month of Kartik, Swami Krishnashram established his shishya and named him Pandurangashram.

In 1863, Swami Krishnashram fell ill. His Holiness Swami Krishnashram attained Maha-samadhi(passed away) on the Ashtami(eighth day) of the month of Marghashirsha that year. Swamiji bid adieu to the world, after being at the guide of the community for a active period of 24 years where the community faced a lot of changes. As the next guru of the community, His shishya Pandurangashram succeeded him. At the Chitrapur Math in Shirali, The samadhi(Shrine) of Swami Krishnashram is located between the samadhis of Swami Parijnanashram II and Swami Keshavashram.