The founder of the Muktagacha Zamindari Estate was Shri Krishna Acharya Chowdhury , who held the title of 'Maharaja of Muktagacha'. The fourth Maharaja of Muktagacha and great-grandson of Shri Krishna Acharya was Raghunandan Acharya Chowdhury.[10] Maharaja Raghunandan had no biological children and in order to make sure his zamindari estate does not get confiscated by the British Raj government, the Maharaja decided to adopt a boy who they named Gaurikant Acharya Chowdhury. Gaurikant succeeded Raghunandan as the fifth Maharaja.[11] It turned out that Maharaja Gaurikant failed to produce biological children.[12] After the Maharaja's death, his widow Maharani Bimala Devi adopted a boy and named him Kashikanta Acharya Chowdhury, who became the sixth Maharaja. After passing away childless, Maharaja Kashikant's widow Maharani Lakshmi Devi adopted a boy and named him Chandrakant.[13] The seventh Mahraja, Chandrakant Acharya had a short reign and passed away early. His foster mother, Maharani Lakshmi Devi adopted again. This time a boy called Purnachandra Majumdar was adopted.[14] Purnachandra Majumdar ascended the throne as the eighth Maharaja under his new name Suryakant Acharya Chowdhury.[15]
During the reign of Maharaja Suryakant Acharya Chowdhury, the Brahmaputra bank became fertile and generated immense agricultural revenue.[16] He did many philanthropic works in the broad context of zamindari management for about 41 years. He established aesthetic structures in Mymensingh.[17] At the end of the 19th century, Suryakant built a two-storied mansion on nine acres in the heart of Mymensingh city. The building was named Shashi Lodge after the adopted son of Shashikant Acharya Chowdhury.[18] He was saddened when this building was damaged by the Great Indian Earthquake on 12 June 1897. In 1905, the ninth Maharaja, Shashikant Acharya Chowdhury built Shashi Lodge with a new design at the same place.[19] In 1911, the renovation was completed to beautify the Shashi Lodge and soon the mansion became a fabulous and luxurious palace due to the efforts of the new Zamindar.[20][21][22]