Some or all of this article's listed sourcesmay not be reliable. Please help this article by looking for better, more reliable sources, or by checking whether the references meet the criteria for reliable sources. Unreliable citations may be challenged or deleted.(July 2013)
According to Hindu Religion, it is the name of the Goddess Lakshmi. Bhargavi is the daughter of sage Bhrigu and his wife Khyati. She is an incarnation of the Goddess Adishakti.
Bhrigu was a sage in Prajapati Daksha's court, and a devotee of Shiva. Lord Vishnu (Narayana) had married Lakshmi, Bhrigu's daughter. Because She was the daughter of Bhrigu, she got the name "Bhargavi".
Bhargavi is mentioned as one of the names of Lakshmi in the Lakshmi Ashtakam.
Lakshmi had to leave Vaikunta and live in Kshirsagar (different reasons are given in different scriptures), until Samudra Manthan. After Samudra Manthan, She emerged from Kshirsagar and reached Lord Vishnu's abode Vaikunta, and lived with him as his eternal consort.