[4][5] The 'mandal' was founded[6] because of a vow (Navas) for the construction of the present Lalbaug Market at its existing place.

Aided by Kuwarji Jethabhai Shah, Shyamrao Vishnu Bodhe, V. B. Korgaonkar, Ramchandra Tawate, Nakhawa Kokam Mama, Bhausaheb Shinde, U.

A. Rao, and the local residents, landlord Rajabai Tayyabali agreed to dedicate a plot for the market.

In 2020, due to the COVID-19 Pandemic, the Lalbaugcha Raja Sarvajanik Ganeshotsav Mandal cancelled its traditional festivities for the first time in its in 86 years of its existence, instead focused on a campaign to raise awareness about the virus.

After his demise in 1952, his eldest son Venkatesh took over and, after his death, Ratnakar Kambli Jr., assumed the responsibility in 2002.

Kambli Arts makes the parts of the Lalbaugcha Raja idol at its workshop; these are taken to the display area where they are assembled and painted.

A few days before Ganesh Chaturthi, a Mukh Darshan (Holy sighting of the face) ceremony is organized by the Lalbaug Sarvajanik Ganeshotsav Mandal.