Gaṇeśa slayed the Sindhu Demon by mounting on a peacock hence the Paṁca Deva named Gaṇeśa as Mayureśvara. The worshiping deity of Bhuswanand Kṣetra i.e. Morgaon is Śrī Mayureśvara, Śiva, Hari, Ravi, Brahma. He has been enthroned in the middle glaring with splendor as Brahma Janaka meaning the creator of Brahma, Viṣṇu, Maheśa, Adimaya & Sūrya known as Paṁceshwara. The Mayureśvara of Morgaon is the Creator of all.

It is said about the idol of Mayureśvara that it is not the original idol. The original idol is made up from the atoms of Soil, Iron and Jewels which is behind the current idol in invisible form. Such a divine idol was consecrated by Brahmadeva. When Sindhu Demon vandalized the idol, Brahmadeva installed it two times. Later at ending period of Dwapara Yuga when Śrī Krishna visited this place along with Pandavas he placed a copper sheet around the divine jewel Gaṇeśa idol and installed a Sandstone Idol, considering that in the coming Kaliyuga a common people would not be able to perceive the divine idol consecrated by Paṁceswara (Brahma, Viṣṇu, Maheśa, Adimaya, Sūrya). The idol that we get to see today is consecrated by Śrī Krishna through Pandavas.

The idol in the Sanctum Sanctorum is not of proper shape but a delight to the eyes. Mudgal Purāṇa mentioned that this idol has Four hands and three eyes. Upper two hands consist of a Pāśa i.e. a noose used as a weapon and Aṁkuśa i.e. a curb or a goad. Lower right hand is on the knee and Left is holding a Modaka. The idol does not appear today as it is described.

There should be a third eye on his forehead which is now encrusted with two jewels.The śakti i.e. Consort on the left hand of Lord Śrī Mayureśvara is called Devi Siddhi. The śakti on the right hand of Mayureśvara is called Devi Buddhi. Both of these are movable Idols (Dhatumurti). Their children are called Lakshma & Labha who are standing in front of them in subtle form. Mushak (Mouse) and Mayura (Peacock) are present in front of Mayureśvara. Because of his peacock vehicle he has been named as Mayureśvara.