। ॥
In plain words
Through his own virtues he has attained the name Bhagavān, which other people do not easily win, and he prevails supremely. He is free of the sense of mine, a friend of the good, and the lord of the gaṇas holds him in his heart.
Word for word
Having attained by his own virtues the name Bhagavān, not easily won by other people, prevailing supremely; free of the sense of mine, a friend of the good, held in the heart by the lord of the gaṇas.