The Undavalli Caves are primarily attributed to the Vishnukundin dynasty, who ruled the region during the 4th and 5th centuries AD. Some scholars also suggest possible Jain influences during the early stages of the caves' construction. The caves were initially dedicated to Jain deities, which is evident from some of the carvings. Later, they were converted into a Hindu temple complex. The main cave, with the impressive Anantashayana Vishnu statue, signifies the shift towards Vaishnavism. Over the centuries, the caves have witnessed various dynastic rules and have undergone modifications. Despite these changes, the Undavalli Caves stand as a testament to the artistic and religious synthesis that prevailed in ancient India.