Bhagwan Munisuvrat Swami gave Pratibodh (spiritual knowledge) to the Ashva (horse) at this very place. Ganadhar Swami worshipped Bhagwan Munisuvrat Swami of Bharuch in his Jag Chintamani Strotra. Many Jain saints like Shashan Samrat Acharya Vajrabhooti, Baputtacharya, Kalakacharya, Mallavadisuri, Padliptasuri and Vijaysensuri etc. paid a visit to this prestigious Bharuch Tirth, and wrote scores of Dharmagranths and established countless temples along with many other religious and humanitarian works.
Legend speaks about the horse that became a Dev after being sacrificed in the Ashvamedh Yagya; later, he (the horse turned Dev) constructed a temple of Munisuvrat Swami, He being his Upkarak Dev. The temple was called Ashvabodh temple. Sudarshana, daughter of King Singhal of Singhal nation, refurbished this temple after being given knowledge about her past life as a Cheel (eagle). The temple was then renamed Shakunika Vihar. But, later during the Muslim rampage rule, pilgrim sites were grazed to the ground; mosques replaced them. This very Bharuch Tirth was one of them.
The Managing Trustee Board Shri Munisuvratswami Jain Tirth, Jain Dharm Fund Pedhi, has built a dharamshala (rest house) and a bhojanshala (eatery) near the temple, keeping in mind the comforts of the visitors.