From વૃદ્ધ (vŕddh) + આશ્રમ (āśram). Not, as may be supposed, from Sanskrit વૃદ્ધાશ્રમ (vṛddhāśrama, “the old period or last stage in a Brahmin's life”).
વૃદ્ધાશ્રમ • (vŕddhāśram) m