[3] It plays an important role in the economic, social, cultural, and educational lives of people in Koregaon, and Satara Districts.

Wagholi was historically ruled by a leading Maratha clan from the lineage of the Suryavanshi Kshatriya, named Bhoite.

[5] Wagholi was an important town of Raygad Ghera; it and nearby Phaltan were the centers of the prominent ruling chiefs of Chhatrapati Shivaji.

A Parallel government (called Prati-Sarkar in Marathi) was formed in 1943 under the leadership of Krantisinh Nana Patil to fight against British rule.

During that time a meeting of freedom fighters was held in Wagholi (Satara) under the leadership of Mr. Ramanand Swami Mysorkar.