The fourth figure is often regarded as Mahavira, the 26th Tirthankara of the Jainas in view of the fact that its symbol lion is represented below the pedestal. It stands in Kayotsarga pose on a double-petalled lotus pedestal duly flanked by Chauri bearers close to the pedestal and flying Gandharvas with garlands in hands at the top. The face of the figure is badly damaged. The stele has an oval halo and the Kevala tree is traced at its usual place. With regard to the hair style the image has got similarity with that of the images of Ajitanatha and Santinatha of the place.

In the absence of epigraphical evidences we place these figures in the 8th-9th centuries A. D. In consideration of the iconographical features, artistic finish and display of planets along side at least one of the figures of the group.

The history of Jainism in Odisha since the pre-Mauryan period is a fascinating subject for study. Jainism held its ground in this part of the country as a widely reverred religion for a number of centuries but lost its charm as a distinct religion in and around 15th century A. D. Its disappearance in Odisha may be attributed to various reasons, important of which may be the persistent prosecution by the people of other faiths, lack of patronage from the ruling dynasties as well as slow but steady absorption of the best and noblest elements of Jainism into the fold of Brahmanism which established its stronghold in the worship of Siva. Vaisnavism too contributed to the decline of Jianism in the late medieval period.