Several  years   ago,  Yadarshi,  son of  the  great  sage Rishyatunga did 'tapas' here with the blessings of Sri. Anjaneya Swamy.  Pleased  by his devotion and austerity Lord Sri  Narshima Swamy appeared  before  him  in  his   five  forms  namely  Wala, Yogananda,  Gandaberunda, Ugra and Laxminarasimha "archa  rupams" (forms which  can be worshipped).  The hill which Narsimha  Swamy appeared before Yadarshi has hence came to known as Yadagiri. Day  begins  early at 4 a.m with Suprabhatam,  Abishekam, Archana,   Nitya  Kalyanam, Satyanarayana Swamy Vratham,  Uregimpu Seva and  day  ends  at 9 p.m with Aragimpu,Gosti  and  Pavalimpu Seva.

Brahmotsavam of the Lord is celebrated from Suddha Vidiya of Palguna Masam to Dwadasi and Narasimha Jayanthi from Suddha Dwadasi of Vyshaka Masam to Chaturdasi. The Temple receives an income of Rs.3.5 crores  per annum. The  Kshetram  is  situated  at a  distance  of  60 km from Hyderabad on the Secunderabad-Khajipet rail-road.  It is situated at a distance of 6 km from Raigir Railway station and distance of  15 Kms from  Bhongir.   Number of buses are also  available  from Hyderabad to Yadagirigutta and Bhongir to Yadagirigutta.