Gajalakshmi, that is Lakshmi with elephants, is one of the most significant aspects of goddess Lakshmi.
In this aspect, the goddess is depicted seated on a lotus, flanked on both side by an elephant (gaja). Gajalakshmi is shown as seated in Padmasana yogic posture, and has four arms.
In each of her upper pair of arms, she carries a lotus, and the lower hands are generally shown in abhya and varadamudra. The elephants flanking her are shown as pouring water from their trunk over the goddess.
In the holy book of Srimad Bhagavata the story of the churning of the ocean by Gods and demons is explained in detail. Author, the Sage Vyasa writes that Lakshmi came out of the ocean during the churning of the ocean (Samudra Manthan).
So she is known as a daughter of the ocean. She came out of the ocean sitting on a full-bloomed lotus and also having lotus flowers in both hands with two elephants by her sides, holding a beautiful vessel filled with milk and pouring it over Sri Lakshmi. Many a time we see Sri Lakshmi standing in the lotus and elephants are pouring nectar over her..During the festival of the lamps or the Deepavali along with Sri Lakshmi the Ganapathi or the Elephant God also gets worshipped; that signifies the protection from evils as well as abundant grace and blessings for additional prosperities!
This aspect like most other aspects of Lakshmi is representative of prosperity, good luck, and abundance. Gajalakshmi motifs are very common in Vedic and Buddhist iconography.Most of Goddess Laxmi photos are on Gaja Laxmi form.
Gaja Lakshmi Powerful mantra
Jaya jaya durgathi nasini kamini,
Sarva phala pradha sastra maye,
Rathha gaja thuraga padathi samavrutha,
Parijana manditha lokanuthe,Harihara brahma supoojitha sevitha ,
Thapa nivarini pada yuthe,
Jaya jaya he madhusoodhana kaminiGajalakshmi sada palaya maam.