The temple's name suggests its association with the town of Sankeshwar, which is likely its location. Jain temples are typically named after Tirthankaras or revered Jain figures, highlighting their significance in Jain religious beliefs and practices.

Parshwanath, the 23rd Tirthankara, is highly venerated in Jainism for his teachings on non-violence, truthfulness, compassion, and self-discipline. Temples dedicated to Parshwanath are important centers of worship and pilgrimage for Jain devotees.

The history of Shri Demol Sankeshwar Parshwanath Swami Bhagwan temple may date back several decades or even centuries, reflecting the enduring presence of Jainism in the region and the devotion of its followers.

Jain temples like this one typically serve as focal points for religious activities, meditation, and community gatherings within the Jain community. They often feature ornate architecture, intricate carvings, and serene surroundings, creating an atmosphere conducive to spiritual contemplation and reverence.