Sri Madhvacharya established eight mathas (ashta mathas) in Udupi and nearby villages to collectively manage Sri Krishna Matha. He also appointed a disciple to head each matha. The eight mathas and the disciples are:

Each matha is named after the village where the matha was originally located. The mathas have now relocated to Udupi (near Sri Krishna Matha), but each matha also maintains its original location. Many of these mathas have branches outside Udupi. Some even have branches outside India.

Each of the ashta mathas manages Sri Krishna Matha on a rotation scheme called paryaya. In this scheme, the pontiff of one of the ashta mathas heads the services and management of Sri Krishna Matha for two years before the responsibility is handed over to the pontiff of another matha. The order of rotation is fixed (as in the list above), and the transfer takes place in the month of January in every even numbered year. For example, Krishnapura Matha assumed responsibility in January 2006, and the responsibility transferred to Puthige Matha in January 2008. Kaniyooru Matha assumes responsibility in 2014.

In addition to organizing the ashta mathas, Sri Madhvacharya also appointed four disciples¾Padmanabha Tirtha, Narahari Tirtha, Madhava Tirtha, and Akshobhya Tirtha¾to spread his philosophy outside the general Udupi region. Various mathas headed by the descendants of these disciples continue the Madhva tradition today. Some of these mathas are listed below. (None of these mathas participates in the paryaya scheme to manage Sri Krishna Matha. Managing Sri Krishna Matha is the sole responsibility of the Udupi ashta mathas.)