It served as a stronghold of the Karhade Brahmin Kings in Balwant Nagar (old name of Jhansi) from the 11th through the 17th century.

As a mark of gratitude, Maharaja Chattrasal offered a part of his state, which included Jhansi, to Peshwa Bajirao.

During his tenure of 15 years, he not only extended the strategically important Jhansi fort (the extension is called Shankergarh), but also constructed other buildings.

The inefficient administration of Raghunath Rao (III) left Jhansi in a very poor financial position.

The adoption was in the presence of the British political officer who was given a letter from the Maharaja instructing that the child be treated with respect and that the government of Jhansi should be given to his widow for her lifetime.

In June 1857 the revolt broke out and she took the control of the fort and led Jhansi forces against those of the British East India Company.

Rani Lakshmi Bai fought bravely and then made a daring escape on horseback from the fort before the city was pillaged by Rose's troops.

The memorial board reminds one of the hair-raising feat of the Rani Lakshmibai in jumping on horseback from the fort.

The shattered upholder on the eastern side was rebuilt by the British, who also added a floor to Panch Mahal.

Every year in the month of January–February a grand occasion is held known as Jhansi Mahotsav when many eminent personalities and artists perform their play.