Shravak Shree Parasbhai discovered this Pratima in VK 1199 following a divya sanket (divine sign) with the help of AA. Vadidevsuri Maharaj.
Due to financial difficulties, Jinalay nirman seemed impossible.
An adhishthayak dev solved the problem by daily converting the grains used in Akshat Puja into gold.
At his son's forceful request, Paras Shravak revealed the secret source of the funds, which ended the divine assistance.
The remaining work was completed by the Shri Sangh, and the Pratishta was performed by Acharya Munichandra Suri Maharaja in VK 1204.
It is named Falvruddhi Parshwanath because it is believed all wishes are fulfilled manifold.
During the Mughal reign, Shahbuddin attempted to damage the Jinalay but immediately faced severe physical pain; he retreated without causing damage in VK 1552, proving the "living" nature of the Pratima.