Mahalakshmi Temple, an ancient temple in Kolhapur, is dedicated to the Goddess of prosperity Mahalaxmi, locally known as Goddess Ambabai. This temple had been under the patronage of all the major dynasties who ruled the region and temple is revered by all the royal family members as well as populace of the region. The temple was constructed during the reign of King Karandev of Chalukya dynasty in 7th century AD.
The temple is a marvelous example of architectural style known as ‘Hemandpanthi’ in ancient India. The walls of the temple complex are adorned with exquisite carvings and many sculptures. The temple complex consists of five towers and a main hall. The idol of Mahalaxmi is very unique, weighing 40 kg, made as a monolithic structure embedded with precious stones and diamonds.