The Saraswat community spread along the Western Coast of India, following the philosophy of the Vaishnava sect had accepted the spiritual guidance of this Palimaru Math.

The tenth Acharya of the Palimaru Math Shree Ramchandra Teerth, while on a pilgrimage to the Himalayas accompanied by his entourage, was taken seriously ill.

Having thus initiated him into the Mutt tradition by giving diksha and having bestowed the name of Shree Narayan Teerth on him, the Guruswami advised him to return to Udupi after duly completing his pilgrimage.

After being duly initiated into renunciation, Shree Narayan Teerth resolved to complete his pilgrimage to the sacred spots and shrines of North India.

Thus moving from places of pilgrimage such as Kurukshetra and Brahmavarta to Brahmahruda, he finally arrived at the world-renowned pilgrim centre of Varanasi.

The holy month of Kartik had drawn near and the Swamiji was aware of the extraordinary significance of the sacred dip at the Panchaganga ghat at this auspicious time.

When we don't even covet a square meal a day, why would we turn traitors to our own belief of non-accumulation and astheya vrata (nonsteaking) ?"

There was no iota of doubt left about the innocence of Shree Narayan Teerth, when the waters of the river receded the bangle was discovered in the shallow riverbed near the bank.

We desire that more and more people or our community should visit this sacred place to seek the darshan of Mother Ganga and bathe in the holy waters: So we intend to have Mutt premises here.

He helped the construction of a modest of a mutt premises on the very ghat facing Shree Bindu Madhav temple on the banks of the ishyanyaplava Ganga.

Having ritually installed the pancha-dhatumaya (quinta-metallic) idol of Shree Laxmi Narayan and having made adequate arrangements for the daily pooja of the deity.

The primary objective behind the establishment of a Mutt would be solely to raise the banner of one's sect in a leading place of pilgrimage and to provide a secure shelter to the pilgrims who venturing forth to remote lands in search of spiritual solace and benediction.

After some time, the venerable Guru Shree Ramchandra Teerth Swamiji having recovered from his ailment believed to be incurable, also returned to his own Mutt.

The Dravid Brahmins wanted him to cancel the authority over the Peetha granted to Shree Narayan Teerth; while he himself was aware of the worth of the Batu who had served him so well during his pilgrimage and who having taken diksha as his disciple had planted the banner of his glory in the holy region of Varanasi.

Accordingly, Shree Narayan Teerth arrived at Bhatkal and having erected a Mutt premises there began the spread of faith among the Saraswat community in the land of Parashur am.

That was the beginning of the Shree Samsthan Gokarn Partagali Jeevottam Mutt which is considered as the emblem of Saraswat identity and the rallying point for their unification.

Shree Narayan Teerth Swamiji and nurtured by this long unbroken tradition has today in the form of the holy Mutt burgeoned like a mighty, banyan tree with its branches spread far and wide.