Shri Madhavnath Maharaj (1857–1936) was a Hindu saint, of Karvi, Chitrakoot, and Madhya Pradesh, who continued the Nath Sampradaya of the famous Navnaths in India. Yogabhyanand Shri Madhavnath Maharaj was born on Shak 1779 Chaitra Shukla Pratipada, i.e. Thursday 26 March 1857 in the family of Shrimati Mathurabai and Shri Malhardada Ratnaparkhi (Kulkarni) in Paangari, a village in Sinnar Taluka, District Nashik. Shri Madhavnath Maharaj attained spiritual enlightenment in the Balaji temple which contains the samadhi of Shri. Guptanath. After that, Shri Madhavnath Maharaj when thirteen years old went on a journey which would take him to Badri-Kedar, Rameshwaram, the twelve jyotirlingas and the samadhi sthaan of the Nava Natha's (nine masters). He followed a solitary strict penance for another six years in the Himalayas and attained yogasiddhi.

 Shri Madhavnath Maharaj then went to Kashi, Amarkantak, Indore, Ujjain, Gwalior, Khaandwa, Chaalisgaon, Saptashrungi, and many other places where he blessed people and helped them lead a spiritual life. As a result, a vast shishya parampara was established which continues to grow to this day.

Shri Madhavnath Maharaj spread the importance of Yoga and Naamasmaran throughout India.He blessed his followers to build the lakshmi-venkatesh temple at Rangaari, Devgaon in Aurangabad district. Shreenath temple was then built at Thorgavhaan in Jalgaon. With the help of Lakhsmibai halwai Shri Madhavnath Maharaj built the famous Dgadusheth Halwai Datta Mandir in Budhwaar Peth, Pune. Several temples were built in Indore, Trimbakeshwar in Nashik, Akola, Nagpur, Wardha, Hinganghat, Dhaar, Shiraale, Naandgaon, Kashi and other places which helped people attain the spiritual path.

Shri Madhavnath Sanjeevani a spiritual grantha contains the life and times of Shri Madhavnath Maharaj.

The Nath Mandir at Indore is one of the most important sources of spiritual awakening for the NathBhaktas. This holy place was constructed under direct supervision and guidance of Shri Madhavnath Maharaj, before taking Samaadhi.