Asaf Jahi (Nizam) Dynasty was founded in 1724 by Mir Qamaruddin who was the first Nizam. It extended over seven generations for 224 years until 1948.
Mir Qamaruddin was one of the ministers of the
Mughal Empire under the emperor
Muhammad Shah, who conferred on him the title of Asaf Jah.
Mir Qamaruddin was an accomplished diplomat who negotiated a peace treaty with Nadirshah, the Iranian invader.
He assumed the title of Nizam-ul-Mulk and declared himself an independent prince of Deccan. The Asaf Jahi rule over Golconda started with Auranganbad as its capital.