The foundation stone for the Dr Babasaheb Ambedkar Museum and Memorial was laid by Mr Sharad Pawar on April 14, 1990, which was the birth-centenary of Ambedkar. The architecture was conceptualised by Mr Dhananjay Datar, who modelled it on the structure of the Buddhist stupa, in memoriam of Ambedkar’s beliefs and propagations. It was finally inaugurated by Mr Manohar Joshi on November 26, 1996, also marking the date when Ambedkar presented the Constitution of Independent India to the President of India.

The museum houses several of Ambedkar’s personal belongings, including his Bharat Ratna Award and the urn containing his ashes. Most of these have been donated by Dr Maisaheb Ambedkar, Babasaheb’s wife. The museum, along with the garden and library, is managed and funded by the Symbiosis Society, run by Mr S.B. Mujumdar. His wife, Mrs Sanjeevani Mujumdar, is the director of the museum.