The station was first built during the reign of Nizam Osman Ali Khan to create wider connectivity for the state to Western cities like Mumbai through the railway junction at Wadi.

[3] Endowed with central and side domes and accompanying minarets, this station has aspects of Gothic-style architecture.

The station handles trains originating for Indore, Bhopal, Aurangabad, Tirupati, Bangalore, Mysuru, Chennai, Delhi, Nanded, Nizamabad, Mangalore, Madurai, and more.

In addition to the new terminus building that is constructed which also houses a miniature Rail museum and branded outlets like Café Coffee Day the Zonal Railway has identified the station for development of Multi Functional Complex adjoining to the station building.

The facility is getting developed on public-private partnership basis and the bidding process is over and the private concessionaire has been appointed for the project.