It is said to be as old as Dwapar Yug. As the legend goes, it is believed that Bhima of The Mahabharata fame was sent here to call for the services or blessings of the then pujari of the temple, Saint Shyam Pandia, for the Tilak ceremony of Yudhishthira after the Battle of Kurukshetra was won by Pandavas. Apart from private hospitals and practicing doctors, Taranagar has a referral hospital set up by late Onkar Mal Mintri and run by the state government where health care facilities are available for the general public and for the people from nearby villages. There is another hospital building that has been converted into a veterinary hospital catering to cattle. Though the town does not have a railway station, it is well connected by road. It is served by roadway organization of many states, private buses, and taxi operators. Gandhi Upwan, in the east of the town, close to the bus stand and police station, is a moderate garden maintained by the municipality. There is a rest-house used by visiting officials that is run by Rajasthan state PWD. The same locality houses the famous Govt. Higher Secondary School, Taranagar. A public library is almost in the middle of the Taranagar that also houses a free reading room, that over the decades has helped the growth of local intellect even if the facilities have been meager and maintenance falls short of needs; nonetheless, it has been providing a space for developing minds. Since last decade or so Taranagar has been emerging as a place counted in its vicinity of its surrounding villages — for providing facilities for children's education, selling their produce, shopping, trade, institutional interaction, etc. Besides the Main Bazar that is in the center of town, there are a number of shop-clusters or markets specializing in merchandise like footwear, vegetables and fruits, medicines etc. There are some trading firms, bank branches, organizations, government offices. Almost a dozen institutions impart graduate courses including an upcoming veterinary medical college providing the feel of a self-sufficient town. Taranagar boasts an industrial estate promoted by RIICO primarily for the manufacture of plaster of Paris. Sadulpur (also known as Rajgarh, its connecting railway station), a junction on the Northern Zone of Indian Railways is on east side at a distance of about 36 km and Churu, the district city is on its south side at a distance of about 60 km while Sardar Sahar is on its south-west side.