Short answer: Oswal Jains are traditionally described as having Kshatriya origins in their origin legends, but in present-day Jain society they are a Śvetāmbara Jain merchant jati. Many sources state they originated from Rajputline rulers who adopted Jainism; today they identify primarily as Jains who follow Jain dharma, not as a ruling Kshatriya varna. There are variations in the origin stories and emphasis, but both Digambar and Shwetambar communities generally recognize Oswals as Jains, with differences mainly in historical narratives rather than core beliefs.

Key points you can read more about:

• Oswal origins and Rajput/Kshatriya lineage in origin legends and their transformation into a Jain community. You can read more here

If you’d like, I can summarize the main Oswal origin legends more simply or explain how the Oswal jati organizes itself today (gotras, maryada, and marriages) in Jain practice.