These caves are said to be from 7th century. But one can see Gupta style of rock-cut Architecture which goes back to 4th-5th century CE. Most of emperor of Gupta's were Vaishnavas so we can see many sculpture of Narasimha, Lord Vishnu and Ramayans stories. They are associated with the Vishnukundina kings of 420-620 CE. These caves are dedicated to Anantha Padmanabha and Lord Narashimha. Later Jain and Buddhist monks used these as rest houses.