Aa:S R1 G3 M1 P M1 D2 N3 S
Av: S N3 D2 N2 D2 P M1 G3 R1 S

taaLam: Adi
Composer: Muttuswaamee Dikshitar
Language: Sanskrit

pallavi

varalakSmIm bhajarE rE mAnasa vAnchitArtha phalapradAm varadAm vanaja padAm

caraNam

carAcarAtmaka prapanca jananIm saurASTra dEsha patinuta dhaninIm nirAmaya
mahAviSNu mAninIm niranjanIm nikhilAgha bhanjanIm surArcita padAmbuja vikAsinIm
nirAlamba mAnasOllAsinIm murAri vakSasthala nivAsinIm purAri guruguha cidvilAsinIm

Meaning:

By Aparna from Neccheli (original article here, reproduced with permission)

Carnatic Compositions - The Essence and Embodiment
-Aparna Munukutla Gunupudi

varalakSmIm - lakshmi that grants boons (vara)
bhajarE rE - praise
mAnasa - in your heart
vAnchitArtha - things you wish
phalapradAm - will be bestowed
varadAm - provider of boons
Vanaja - things born out of a garden (flowers)
padAm - feet

carAcarAtmaka - movable and immovable objects
Prapanca - universal
jananIm - mother
saurASTra dEsa - the land of Sourashtra
Patinuta - praised by the king
dhaninIm - provider of wealth
nirAmaya - simple
mahAviSNu - Lord Vishnu
mAninIm - consort
niranjanIm - effulgent
nikhila agha - all the blemishes
bhanjanIm - remover
surArcita - worshiped by the celestial bodies
padAmbuja - lotus feet
vikAsinIm - shining
nirAlamba - independently
mAnasOllAsinIm - causes happiness
Mura ari - the enemy of Murasura - Lord Vishnu
vakSasthala - on the chest/ in the heart
nivAsinIm - resides
Pura ari - the enemy of Tripurasura - lord Subramanya
Guruguha - Guruguha
cidvilAsinIm - resides in his heart

Summary:

Whole heartedly praise at the feet of goddess Varalakshmi. She is the one who bestows boons and grants your wishes. She is the mother of this universe that is full of movable and immovable objects. She showers wealth to the king of Sourashtra, who praises her. She is the consort of Sri Maha Vishnu. The one that shines always and removes the blemishes/sins. Her lotus feet are worshiped by the celestial bodies. She independently bestows happiness and resides in the heart of lord Vishnu and is always in the heart of Guruguha the destroyer of TripurAsura.

This is yet another song in praise of goddess of wealth, Lakshmi, among many. Perhaps, there may not be enough songs for all the different wishes and desires people have. Traditionally, there were ashta aiswarya (8 different wealths), such as courage, crops, children, money, education, success, strength and wealth of well being, represented by Ashta Lakshmis! But now with changing times, we have passed beyond the eight basic wealths - vehicles, internet, cell phones, remote work, political power, stardom, general safety and what not! Since we have ashta lakshmis for ashta aiswaryas, then who is Varalakshmi? If we define every little wish as a form of wealth, Vara Lakshmi is that one special goddess to grant every little wish including the ashta aiswarya! That is why praising and worshiping goddess Varalakshmi is known to bestow one with whatever he/she/they wish! Whole heartedly worship Varalakshmi to obtain health, wealth and peace!

Notation:

Other information:
Lyrics contributed by Lakshman Ragde. Meaning contributed by Aparna Gunupudi via Neccheli.