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The Nishanvali/Nishanvala Misl was founded by the Gill Jatts and its founder was Dasaundha Singh Gill.
The Nishanavali misl, kept as a reserve force at Amritsar, used to act as standard-bearers of the Khalsa army "Dal Khalsa". Hence the name (Nishan = flag or standard; vali/vala= owning or unfurling) means this misl carry the Nishan Sahib, the Sikh Flag in the battle.
This Sikh Misl had a strength of 2000 regular horsemen and covered the areas of Roopnagar, Ambala and Shahbad Markanda.
References
Nishanwalia Misl Wikipedia(Text) CC BY-SA