Shri Siddhivinayak Temple is located at Siddhatek, one of the famous mountain peaks of the region. It is believed that the site was known as a place where Lord Vishnu performed penance to get a boon from Lord Siddheshwar Ganesh. Sage Moraya Gosavi from Chinchwad and Sage Narayan Maharaj from Kodgaon completed their penance and got siddhi from Lord Siddhivinayak at this place.It is believed that when Lord Brahma was creating nature, two demons, namely Madhu and Kaitabh started harassing gods, goddesses and sages. Lord Vishnu fought with them for 5 thousand years and finally came to Siddhi Kshetra, presently known as Siddhatek, and requested Lord Ganesha to kill the demons.At the site, he found right trunk of the idol of Lord Ganesha and entitled him as Siddhivinayak. The temple was cleaned by a cowherd who used to wash the idol with the water of River Bhima. The place is counted among one of the 21 holy places of Lord Ganesha that are mentioned in the puranas.