The temple is quite popular and is busy throughout the year with different events of the God. The annual brahmotsavam is held in the month of March, it includes Yedurkolu, The Celestial Wedding and Divya Vimana Rathotsavam.


In Tretayugam, there lived a sage by the name of Yadarishi, son of the great sage Rishyasrunga and Santa Devi who did penance inside a cave with the blessings of Anjaneya (Hanuman) on this hill between Bhongir (Bhuvanagiri) and Raigiri (Now in Nalgonda district of Andhra Pradesh, India). Pleased with his deep devotion, Lord Narasimha, an incarnation of Lord Vishnu appeared before him in five different forms as Jwala, Yogananda, Gandabherunda, Ugra and Lakshminarasimha. They later manifested themselves into finely sculpted forms that later came to be worshiped as Pancha Narasimha Kshetram.

Lord Narasimha is also known as Yadagiri, hence the name.

Another Legend also has it that Sriman Narayana, pleased with YadaRushi penance, sent Sri Anjaneya to direct the rishi to a holy spot, where the Lord appeared to him in the form of Sri LakshmiNarasimha. This spot is marked by a temple located at the foot of the Yadagiri hillock, and is located about 500 meters from the present temple. There the sage worshiped the Lord for many years.


After Yadarishi attained moksha, a number of tribals, Knowing of the Lord's presence, came to worship Him at this temple. But, not being very learned, these devotees began to engage in improper worship. Because of this, Sri LakshmiNarasimha moved into to the hills. The tribals searched for many years to find their Lord, to no avail.

After many years had passed, the Lord appeared in the dream of a devout lady among the tribe, directing her to a large cavern wherein He revealed Himself to all as five majestic Avatars.The Aradhanam and Puja in this temple are performed according to Pancharatra Agamam. The puja vidhanam (Worship procedure) was set by Late Sri Vangeepuram Narasimhacharyulu who composed Yadagiri Suprabhatam, Prapatti, Stotram, Mangalashasanam and served as Sthanacharya of this temple.

The importance of this place:

Sri Maha Vishnu Came from out of the pillar as per the desire of Bhakta Prahladha and killed Hiranya Kashyapa,who is father of Prahladha ,who is beloved devotee of Maha Vishnu

In Ancient days Sri Yada Maharshi son of Sri Rushyashrunga Maharshi with the Blessings of Anjaneya Swamy had performed great penance for Lord Narasimha Swamy. After securing blessing for his penance Lord Narasimha had come into existence in Five Avatharas called as Sri Jwala Narasimha, Sri Yogananda Narasimha, Sri Ugra Narasimha, Sri Gandaberunda Narasimha, Sri Lakshmi Narasimha. As such this is known as “Pancha Narasimha Kshetram”. The devotees who worship this deity with devotion, the problems faced by them in regarding their “Graha”, the difficulties through evil spirits and their all mental problems are being cured by the God & Godess. All the difficulties faced by the devotees are being cured through herbal medicines like fruits, flowers and Tulasi Teertham. The devotees who believe the Lord. He is appearing to them in their dreams and conducting operations also.


Beliefs:

Lord Narasimha is believed to have been worshiped by sages (rushis). The region of Yadagirigutta is reputed to be a "Rushi Aradhana Kshetram" or the place of worship for sages.
As the belief goes, Lord Narasimha has taken on the role of a "doctor" and is known as "Vaidya Narasimha" by his devotees at this shrine to cure many chronic diseases and the role of a 'do gooder' to those who are under the influence of bad planets, witch craft and black magic. Many instances are cited of the Lord appearing in the dreams of the devotees, and administering medicines and operated the patients and blessed them with good health. Many devotees tell of vivid dreams in which the Lord comes to heal them from chronic or terminal illnesses, and even mental or emotional problems. A mandala Deeksha (40 day) pradakshina is very popular made by many devotees to get cured of a long standing ailment or chronic disease. Often, the Lord Himself has imparted mantrOpadEsham to select devotees in their dreams.