According to the Skanda Purana, Yada, the son of the sage performed penance here to the god Narasimha.

For this reason, the temple has deities of Narasimha in all five forms enshrined in stone in the main cave.

Historically, the temple has followed the Tenkalai tradition of the Vaishnava Agama Shastras as followed in South India.

[7][8] The sanctum sanctorum or garbhagriha is located in a cave, under a huge slating rock, which covers half the temple.

[10] The then Chief Minister of Telangana, K. Chandrashekhar Rao initiated the renovation of the temple, and approved a final layout.

[12][13] The work started in 2016 and was completed in March 2022 by the Yadadri Temple Development Authority (YTDA).

The Seventh Nizam of Hyderabad, Mir Osman Ali Khan during his rule, had passed a grant of Rs.82,825 to this temple.

The pillars of 12 Alvars (the poet-saints of Sri Vaishnavism) in the main temple is a significant feature.

The stone designs in Yadadri were provided by the chief sthapathi of the temple, Sundararajan Srinivasan.

Black granite stone is also used, based on the temple architecture of the Kakatiya dynasty in Telangana.

[24] The Hyderabad MMTS - Phase II is planned, to be extended from Ghatkesar to Raigir station, which is 5 km from Yadagirigutta.