Nalanda University was established in November 2010. The University came into being by a special Act of the Indian Parliament. Tradition arcribes the foundation of the town to Chandragupta, after whom it was called Guptagars a name which has been found inscribed on a rock at Kastaharni Ghat at the north-western corner of the present fort. It is insisted that Mudgalrisi lived there. Tradition ascribes the composition of various suktar of the 10th Mavdala of the Rigveda to Rishi Mudgal and his clan. However, General Cunnigham had strong suspicicion when he connects this original name with Mons as Mundas, who occupied this part before the advent of the Aryans. Again Mr. C.E.A. oldham, ICS, a farmer collector suggests the possibility of Munigiha, ie , the abode of the Muni, without any specification which later corrupted to Mungir and later became Munger.