The characters of Bimbisar and Shrenik have created confusion for the historical researchers. It is a matter of importance in Indian historiography. Mainstream history and religious history have been running parallels in Indian context. The amalgamation of these trends needs to be done. Different challenges are faced in this exercise. The present paper is attempting to bridge this gap. Ancient Indian historiography is influenced by different trends and ideologies. Nationalist historiography focuses on the glorious ethos of the Indian past. Oriental scholars studied and connected religious sources in the history of Ancient India. However, due to the existence of different calendars and eras in ancient India, it becomes difficult to co-relate and identify personalities in the mainstream and Jain history. The revival of interest in the field of the Jain studies has resulted in the exploration of many such Jain narratives in the historical context. The story of Shrenik has been described in the Jain Agamic texts. His story is also found in the Buddhist texts. He lived during the time of Mahavira. However, this story is not getting related to the typical ancient Indian history. The present study takes up these two narratives and looks at connections and commonalities. It focuses on the critical review of the relevant study material and sources. The archaeological and literary sources will be revisited.