The Kakanmath temple was commissioned by Kachchhapaghata ruler Kirttiraja (r. c. 1015-1035 CE).This can be inferred from a Kachchhapaghata inscription found at the Sas-Bahu Temple in Gwalior. The inscription states that Kirttiraja built an extraordinary temple devoted to Parvati's lord (Shiva) at Siṁhapānīya (modern Sihoniya).

According to a folk legend, the temple was named "Kakanmadh" after Kakanavati or Kakanade, who was the queen of one Surajpala. The historicity of this legend is doubtful. One possibility is that the name of the temple derives from the kanak (gold) and maṭha (shrine).

Originally, the site had a temple complex, with a central temple surrounded by four subsidiary shrines. Only the ruins of the central temple stand now: its outer walls, balconies and a part of its spire have fallen. This damage probably happened during an earthquake. A Sanskrit-language pillar inscription dated 150 VS (1393-94 CE) records the renovation of the Mahadeva temple (that is, Kakanmath) by one Durgaprasada. A 1497 VS (1440-41 CE) pillar inscription records the visit of a pilgrim named Dekhana during the reign of Dungara (a Tomara ruler of Gwalior). It states that Dekhana was the son of Kakaka, and a resident of Nalapuragaḍha.

Now, the temple has been classified as a Monument of National Importance by the Archaeological Survey of India (ASI).

Architecture

Kakanmath

Lion statues, now at Gwalior
The temple stands on an ornate base (pitha). The building includes a sanctum, a vestibule, and two halls (gudha-mandapa and mukha-mandapa). The sanctum has a circumambulatory path with three transepts. The gudha-mandapa has lateral transepts, and four clusters of pillars; each cluster contains four pillars. The vestibule has four pillars in a row, which are aligned with the four clusters of the gudha-mandapa. The shikhara (tower) of the shrine makes it around 30 m high.

The steps at the entrance had two large lion statues, which are now located at the entrance of the Archaeological Museum, Gwalior. Many other sculptures have also been taken to Gwalior.