Answer

This chant is a Sanskrit/Prakrit-style stuti verse in praise of Bhagwan Rishabhdev, also called Adinath Bhagwan or Rishabh Swami, the first Tirthankar of Jain Dharma.

It is commonly understood as a Rishabhdev / Adinath Stuti verse.

Meaning

The verse praises Bhagwan Rishabhdev as:

• Ādimam — the first, the original
• Prithvināthāya — Lord of the earth / revered ruler of the earth
• Niṣparigraham — completely free from possessions and attachment
• Ādimam Tīrthanātham — the first Lord of the Tirth, meaning the first Tirthankar
• Rishabh Swami — Bhagwan Rishabhdev

So the meaning is approximately:

“We praise Bhagwan Rishabh Swami, the first Lord, the Lord of the earth, the completely possessionless one, and the first Tirthankar.”

Spiritual Understanding

This verse remembers Bhagwan Rishabhdev as the first Tirthankar of the present time cycle. It especially highlights his renunciation, non-possession, and role as the first guide who established the path of liberation.

Takeaway

The chant is a devotional praise of Adinath Bhagwan / Rishabhdev Bhagwan, honoring him as the first Tirthankar and an ideal of complete detachment.