The intellectually gifted and spiritually blessed Smartha Saraswats who flourished on the banks of the River Saraswati in the Himalayan region, north of Kurukshetra were forced to migrate initially because of the drying up of the sacred river. Subsequently, the repeated assaults made by Muslim invaders in the 15th century forced them to move southward. Upon reaching Kanara, their loyalty, integrity and intelligence earned them high positions in the service of the royals of Nagar. But it also inspired envy and anger among other groups in the court who sought to discredit them in the eyes of the ruler. This influenced the Chief to ask the Saraswats to prove their credentials and show him their Guru. Unflinching faith came to the rescue of the troubled Saraswats making the elders of the community offer penance and intense prayer at the feet of Lord Mahabaleshwar in Gokarna whereupon His mercy vouchsafed a vision which turned real on the following evening on the banks of the Kotiteertha. The sannyasi – Shrīmat Parijnanashram Swamiji -who came as a divine emissary, carrying the idol of Lord Bhavanishankar (which is consecrated at the Bandikeri Math) agreed to become the Guru of the Saraswats and meet the ruler of Nagar. Parijnanashram Swamiji hailed from the ‘Ashrama Sampradaya’. ‘Ashrama’ was one of the 10 lineages established by Adi Shankaracharya to systematize the Sannyasa Parampara which would carry on and project the correct perception of Sanatana dharma. Traversing the entire length and breadth of Bharatavarsha (India) thrice on foot this ‘Advaita-Sthapanacharya’ –Adi Shankara- established four Maths to promote Advaita Siddhant. After him His shishya-s continued His exemplary work.

While the king of Nagar acknowledged the obvious credentials of Parijnanashram Swamiji, he still wanted these to be ‘endorsed’ by the Jagadguru of Shrīngeri. Swamiji agreed to this condition as well and proceeded thereto. The Acharya was away and the officiating priests shut the temple, failing to recognize and accord due courtesy to the holy visitor who waited patiently for the deity’s darshan. Devi Sharadamba then caused Her own effulgence to radiate from Swamiji’s visage making the priests beg forgiveness for their wrongdoing. Upon his hurried return, Jagadguru (who had a dream in which the Devi indicated what had transpired) heaped honours upon Swamiji and gladly made the official declaration sought by the Nagar king that this was, indeed, a worthy Guru of the Saraswat Brahmins. After this formal acceptance Swamiji returned to Gokarna where He established the Bandikeri Math, enlightened an eager samaja for over a decade with the priceless knowledge of the scriptures and 14 days after appointing a shishya and telling the devotees to love and venerate the Guru, attained Mahasamadhi.