The Foundation of the Estate of Nandgaon hails back to Prahlad Das, a Shawl Merchant who in the 18th century had Migrated from the Punjab region.

When he settled in Ratanpur the Area was Ruled by the Bhonsle Clan of Marathas.

Prahlad Das Belonged the Bairagi sect whose members practised strict celibacy.

The word Bairagi is derived from the Sanskrit Vairagya, Meaning Freedom From Passions.

Succession was ensured by Chosen Disciples, Chela, Who became Mahants and Inherited all the possessions of their predecessor.