Descendants of this caste are well known for business acumen and are in possession of Havelis and mansions given to them as gifts from kings for their service as royal treasurers, ministers, courtiers and advisors.
[1][2][3] Jain scriptural accounts of Acharya Swayamprabhasuri's life describe his visit to Rajasthan 57 years after Mahavira's nirvana which was in 527 BCE.
Most of the non-canonical texts of the Śvetāmbara sect agree upon this account and describe him as one of the first few Jain monks to visit Rajasthan.
[4][1] In Maru Pradesh (modern-day Rajasthan), monks neither of Jainism, nor of Buddhism had preached due to the difficult terrain (desert).
Interrupting his sermon, the Brahmin leader for the sacrificial ritual told the king that Jains do not follow the Vedas and must not be heeded to.
[9][8][1] Later on, residents of this large town moved to various parts of Rajasthan and their clan was named Śrīmali after their hometown Śrīmal.