Bhonsala Military School, Nasik was established by Dr. Balkrishna Shivramji Moonje, who established the Central Hindu Military Education Society at Nasik in 1935 and started the school on June 12, 1937.
Over the years, the school has established itself as a school catering for educational needs of students from all over India while also serving as a focal point for military education. In 1995, the school was granted affiliation by the Indian Public Schools' Conference, an association of heads of leading public schools of the country.
H.H. Shriman Jivajirao Scindia, inaugurated the main building of the school. In his inaugural speech, he said, "It is not a mere coincidence that within a short period of the opening of a first rate public school in India (Doon School, Dehradun), we are here today to open a first rate Military School." The governor of Bombay State, Sir Roger Lumley, laid the foundation stone of the school's present main building.