Shri Mahalakshmi Ashtakam in Sanskrit Is the prayer dedicated to Goddess Lakshmi Devi. Shri Mahalakshmi Ashtakam is taken from Padma Purana and this devotional prayer was chanted by Lord Indra in praise of Goddess Mahalakshmi. Goddess Lakshmi means Good Luck to Hindus. The word 'Lakshmi' is derived from the sanskrit word "Laksya", meaning 'aim' or 'goal', and she is the goddess of wealth and prosperity, both material and spiritual In Hindu mythology, Goddess Lakshmi, also called Shri, is the divine spouse of Lord Vishnu and provides him with wealth for the maintenance and preservation of the creation. One should chant Shri Mahalakshmi Ashtakam daily to get benefits of stotra.