'Bhandari' is a common last name found amongst Oswals hailing from Jodhpur, Rajasthan, India. Oswals are originally from Marwar, Rajasthan and are referred to as Marwari. The Bhandari Oswals were initially Rajput but later many adopted Jainism.Bhandari are Jain.
Some Jain Bhandaris emigrated from Rajasthan to nearby places such as Nepal & Madhya Pradesh. Bhandaris in this region have an illustrious history. Various Bhandari families have risen to prominence in Madhya Pradesh. Both Lal Bhandari was the Mahapanchayat of Rampura, Madhya Pradesh, India. Rampura is home to two temples dedicated to Bhandari ancestry including a temple in the mountains of Rampura. Indore, MP, India is also home to many prominent Bhandaris.

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