Near to Connaught Place, this garish modern temple was erected by the industrialist B.D. Birla in 1938. It is dedicated to Lakshmi, the goddess of prosperity and good fortune, and is commonly known as Birla Mandir or Lakshmi Narayan Temple.

The temple is an important prayer site and contains idols of several deities . Interestingly Mahatama Gandhi who inaugurated the temple was also a regular visitor to it and would often pray there.