Sri Kanyaka Parameshwari Devasthanam and Charities owes its existence to the blessings of Sri Vasavamba, the presiding deity of the Arya Vysya community.
With the philanthropic services and support of the members of the community and under the able leadership of Suncoo Chinna Kistamah Chetty and Collah Moothoorama Chetty, a temple for Sri Kanyaka Parameshwari Ammavaru was constructed in the year 1720 in the “Kooragayala Thota” at Audiappa Naicken Street, Madras.