सोऽयमद्य महाराज भगवान्भूतभावनः ।
कालरूपोऽवतीर्णोऽस्यामभावाय सुरद्विषाम् ॥४९॥

so 'yam adya mahārāja
bhagavān bhūta-bhāvanaḥ
kāla-rūpo 'vatīrṇo 'syām
abhāvāya sura-dviṣām


Text

He, the Lord of Dvārakā, protector of all beings, has appeared in the form of time to destroy the demons.

Purport

Where does this person with such powers exist? He is living in Dvaraka. He is here (so ’yam). He has appeared on earth (asyam) for destroying the demons. Appearing to the demons as the form of time he destroys them. Actually he has a form of supreme bliss but for the demons he appears as time.