Modern historians identify it with the family that is called Bharashiva (IAST: Bhāraśiva) in the records of the Vakataka dynasty.

No concrete conclusions can be drawn regarding this based on the available historical evidence.In Madhya Pradesh, Naga coins have been discovered at Pawaya, Narwar, Gohad, Vidisha, Kutwar (Kotwal), and Ujjain.

[1] Based on the provenance of these coins, H. V. Trivedi theorizes that the core Naga territory extended from Morena and Jhansi districts in north to Vidisha in south.

[14] Jayaswal identified Kantipuri as present-day Kantit in Mirzapur district, connecting the Bharashivas to the local Bhar kings.

[15] No Naga kings have been found at Kantit,[2] and Kotwal (also Kutwal or Kutwar) in Morena district is a better candidate for the location of Kantipuri.

[18] He further theorized that Nava-naga's successor was Virasena, whose coins have been discovered in present-day western Uttar Pradesh and eastern Punjab.

[12] Jayaswal's theory has been disputed by other historians, based on the following points: The Nagas rose to power after the decline of the Kushan Empire in north-central India, in the early 3rd century.

H. V. Trivedi theorized that Vrisha was the founder of the dynasty, and initially ruled at Vidisha, where several Naga coins have been discovered.

[24] The Vakataka inscription mentions that the Bharashiva family obtained the holy water of the Ganges for their coronation by the prowess of their arms.

Therefore, Trivedi theorized that the Nagas (that is, the Bharashivas) subsequently migrated northwards (towards the Ganges), establishing their rule at Padmavati.