This beautifully architect temple attracts huge devotees from in and around Kolhapur. Goddess Mahalaxmi also known, as Amba Bai is the presiding deity of this temple. Images of Kashi Vishweshwar, Kartikaswami, Sheshashayi, Siddhivinayak, Mahaswaraswati, Mahakali, Shree Dutta and Shree Ram are also there inside the temple complex. Chalukya ruler, Karandev started the construction of this temple in the 7th century AD and later beautified by Shilahara Yadavas in the ninth century. The sanctum sanctorum has revered idol of the goddess weighing 40 kg. The idol has not been fashioned by any human being but exists in its natural form - a primeval monolith of uncut diamonds and precious stones.