[1][2] Founded in 1900, by Chintamani Ghosh, the proprietor of Indian Press, in Allahabad,[2][3] its success under the editorship of littérateur Mahavir Prasad Dwivedi (1903–1920), led to flourishing of modern Hindi prose and poetry especially in Khariboli dialect.
Thus in late 1899, he wrote to Nagari Pracharini Sabha in Varanasi, which worked for promotion of Devnagari script, seeking help with editor and writers for founding a literary Hindi magazine.
Indian Press was also the earliest promoters and publisher of Rabindranath Tagore's work, including Geetanjali, whose rights he held till 1922 before transferring it to Viswa Bharati University.
[10][11] Other eminent editors of Saraswati were Padumlal Punnalal Bakshi[12] of Rajnandgaon, Thakur Srinath Singh and Devidutt Shukl.
[13] In 2013, President of India, Pranab Mukherjee while unveiling a statue Ghosh at Jagat Taran Girls' Inter College, Allahabad, remembered his "great contribution towards promoting Hindi language and literature.