
Brahmendra Swami: Saint, Moneylender and Guru of the Maratha Peshwas
Bajirao I, remembered for his staggering ~41 battles/campaigns as Peshwa (1720-40), died owing over 14.5 lakh rupees in debt. What is often forgotten is that one of his largest creditors was also his spiritual guru and patron. Brahmendra Swami is a name we often don't hear or see in contemporary narratives of Maratha history. The Swami settled in what is now Ratnagiri District (Maharashtra) and would become a respected guru and guide for the early Bhatt family Peshwas, Chhatrapati Shahu, and even the Siddis! He tactfully used his influence and temple as almost a "clearing house" for credit to underwrite campaigns of the Maratha State at a time when credit ran dry, and moneylenders were a perpetual headache to the Peshwas. This is an interesting, lesser-known story of religion, moneylending, and political ambition in the 18th c. Konkan!