[2] He was the Second Aacharya of Vardhaman Sthanakvasi Shraman Sangha He was born in chichondi (Maharashtra) on 27 July 1900(shravan sukla 1 vikram sanvat 1957) [3] and received initiation from the age of thirteen with Acharya Ratna Rishiji Maharaj, who died in Alipur, Maharashtra in 1927.

His diksha (consecration) took place on 7 December 1913 (Margashirsha Shukla Navami) at Miri in Ahmednagar district.

He started learning Sanskrit and Prakrit Stotras under the guidance of Pandit Rajdhari Tripathi.

In 1931, he used to have religious discussions with Jain dharma divakar Chuathmalji Maharaj, who realized Anand Rishi Ji's capability to become Acharya, and conveyed his wish it to his followers.

In 1952, at Sadri Sadhu Sammelan in Rajasthan, Anand Rishi Ji was declared as the Prime Minister of Jain Shraman Sangha.

On 13 May 1964 (Phalguna Shukla Ekadasi), Anand Rishi Ji became second Acharya of Shraman Sangha.

On 13 February 1975 (Maagha shukla dvitiya), he was awarded the title Rashtra Sant by Maharashtra's chief minister Vasantrao Naik.