Asgiriya gained fame as the country's second Test cricket ground in 1982–83 when it hosted Greg Chappell's Australian team, following in the footsteps of the Paikiasothy Saravanamuttu Stadium.

In response, Gamini Dissanayake, a former Trinity student and then Chairman of Board of Control for Cricket in Sri Lanka, spearheaded a rapid transformation of Asgiriya Stadium into an international venue.

The match is infamous for the horrific collision between Steve Waugh and Jason Gillespie, which resulted in serious injuries to both players and necessitated their airlift to Colombo for medical treatment.

In this encounter, Sri Lanka amassed a then world record score of 398 runs, the highest ODI total at the time.

This transition began with the West Indies tour of Sri Lanka in 2010–11, where the final Test match of the series was hosted at Pallekele.

[19] Situated amidst the picturesque mountains of Kandy, the ancient hill capital of Sri Lanka, Asgiriya Stadium is widely regarded as one of the most scenic cricket grounds in the world by ESPNcricinfo.

[20] A distinctive feature of Asgiriya is its ownership and maintenance by Trinity College, Kandy, an elite private boys' school.

Notable alumni include Ranjan Madugalle, Ravi Ratnayeke, Nilantha Ratnayake, Kumar Sangakkara, Kaushalya Weeraratne, and Niroshan Dickwella.