Rajwade conceived this idea long back but could not fulfill it until Sardar Mehendale met him and on his own expressed his readiness to support him for anything that he wished to do for the betterment of history.

In March 1926 the short tempered Rajwade left Pune due to differences with the then Administrators of the Mandal and shifted to Dhule to form another institute which was named after him: the 'Rajwade Sanshodhan Mandir'.

Rajwade's disciples Datto Vaman Potdar, Ganesh Hari Khare and Vasudeo Sitaram Bendrey are believed to have played major roles in making prominent the Mandal and its activities.

The Mandal's library hosts more than 27,000 books written mainly in Marathi and English, which can be made available to researchers for free consultation or, for a nominal fee, on 'Take Home' basis.

The Mandal periodically organises lectures, workshops, training, seminars and study tours for the young researchers and historians.