The Shri Annapurna Temple was constructed in the early 20th century by Krishnabai Holkar, a member of the Holkar dynasty that ruled Indore. The Holkars were known for their patronage of art and architecture, and this temple stands as a testament to their legacy. The temple's construction spanned several years, involving skilled artisans and craftsmen from across the region. Over the years, the temple has undergone several renovations and expansions, but its core architectural style and spiritual significance have remained intact. The temple continues to be managed by a trust established by the Holkar family and receives significant support from devotees and the local community.