Dhareshwar is another significant temple of the town of Rajula along with the Kumbhnath Sukhnath temple. This temple is situated at a distance of 4 km from the town. According to the history, it was established by the Bhima from Mahabharata. It lies on the banks of River Dhaterwadi and near this temple lies a holy kund, where people take holy baths to get rid of their sins.