Built by Ahilyabhai Holkar in 1768, it is dedicated to Shiva. It is noted for the carvings on the pillars. The temple stands majestically upon a 4 ft high platform. A golden spire or a kalasham tops the temple. This cubicle shaped shrine has a pillared hall and three porches. It also houses the idol of Goddess Parvati. The temple tank is another attraction.

The deity faces east whereas all the other 11 Jyotirlingas faces towards north. Another specialty is the holy water, which flows from inside the temple. The temple celebrates the annual festival during Shivratri. Ellora Yatra, the annual fair, also held here during the festival draws thousands of people.