Mahalaxmi Temple , the most visited shrine dedicated to the Goddess Mahalaxmi, additionally called Ambabai , the divinity of prosperity. This temple was built in the seventh century by King Karandev of the Chalukya folk. The temple displays Hemadpanthi sculpture architectural kind. During the visit to Kolhapur everybody desires to pray to the Goddess of prosperity and seek her holy blessings for a peaceful and prosperous life.

The walls, interiors, and exteriors of the traditional shrine are superbly adorned with carvings and sculptures that exhibit the abilities and craft of that era. The temple enshrines the sculpture of divinity Mahalaxmi, additionally called divinity Ambabai. The statue is made as a monolithic structure adorned with varied diamonds and stones.

In addition to the current, the temple additionally displays a novel phenomenon, with daylight falling on the face of the idol on 21st March and 21st September of each year. The temple is crowded by devotees throughout Navratri and Kiranotsav festivals. Later it is celebrated for 3 days ranging from 31st January each year.