The history of Malkajgiri is rooted in the deep past. Originally, the area was known as Mallikarjuna Giri, named after the ancient Mallikarjuna Swamy Temple located on a local hill. Over time, this name was transformed into the modern Malkajgiri. Although the exact date of the settlement's founding is unknown, the region has been under the rule of various South Indian dynasties over the centuries, such as the Satavahanas, Chalukyas, Kakatiyas, and Qutb Shahis, all of which left a mark on its cultural heritage. In the Old Malkajgiri area, one can still find the ruins of an ancient fort, bearing witness to its early history.
The primary factor in Malkajgiri's development was its geographical proximity to Hyderabad. It gradually evolved from a small village (gram panchayat) into a large and densely populated suburb. This growth was officially recognized through administrative changes: in 1965, Malkajgiri was granted municipality status; in 1985, it became a municipal corporation; and in 2007, it was finally incorporated into the Greater Hyderabad Municipal Corporation (GHMC). The construction of the railway station during the Nizam era played a crucial role in its emergence as a commercial and transport hub.
Culturally, Malkajgiri has been an important religious center from the beginning, as evidenced by its ancient temples. In addition to the temple that gave the city its name, it is home to the Sri Lakshmi Narasimha Swamy Temple, which is over 500 years old. Economically, particularly during the Nizam period, Malkajgiri was known as a trading center specializing in textiles and handicrafts. Initially, the local economy was also based on agriculture, supported by several lakes and ponds such as Safilguda and Ramakrishnapuram.