The temple is dedicated to Goddess Saptashrungi. The temple is known popularly as one of the 'three and half Shakti Peethas' of Maharashtra. The temple is also one among the 51 Shakti Peethas located on the Indian subcontinent and is a location where one of Sati's limbs, her right arm is reported to have fallen. It is also believed that the presiding deity of the temple is Mahishasur Mardini, who was the slayer of the demon Mahishasur. At the foot of the hill lies the head of a buffalo, made of stone, which is believed to be that of the demon.