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Bhagamati was a mystic Hindu queen of Muslim sultan Muhammad Quli Qutb Shah and is considered a myth by some historians. Qutb Shah was the fifth sultan of the erstwhile Qutb Shahi Dynasty who ruled over the Golkonda region of South India in the 16th century. Whether the old names of the city shown variously as Bhagnagar or Bhagyanagar relate to Bhagmati or not, also remains controversial.
Bhagmati was born in Chichlam (around Yakutpura) in a Hindu family.
Muhammed Quli Qutub Shah married Bhagamati in the year 1589 CE and remained with her until his death in 1611 CE. The sultan bestowed the title of Hyder Mahal on Bhagmati. Quli Qutub Shah and Hyder Mahal had a daughter named Hayat Baksh Begum, who was married to Qutub Shah's nephew Muhammed Quli. Sultan Muhammed Quli succeeded the throne soon after the death of Muhammed Quli Qutub Shah.
Bhagmati died in 1611 CE. No tomb was built over her last remains. In contrast, courtesans Taramati and Premamati lie buried at Qutb_Shahi_Tombs. Ziauddin Ahmed Shakeb, an expert on Indian and Islamic art, cites the Peshwa (prime minister) of Mohammed Quli as responsible for obscuring Bhagmati's character from the view of history.