vidya-knowledge; tapah-austerity; yoga-patham-the path of devotional service; asthitam-situated; tam-him (Lord Siva); adhisvaram-the master of the senses; carantam-performing (austerity, etc.); visva-suhrdam-the friend of the whole world; vatsalyat-out of full affection; loka-maṅgalam-auspicious for everyone.