"Meguti Jain Temple" is another remarkable temple of its kind. Located in Aihole on the Megutigudda, this temple exhibits Dravidian style of architecture. The temple stands on a hill and thus named as "Megana Basadi", meaning the The Upper Temple, which in course of time was corrupted to Megudi or Meguti.
The temple has a pillared hall in the front, and an antarala and a sanctum in the back. On its outer walls is the famous Aihole inscription dated back to the 6th century (634 AD) which gives records of the temple construction by Ravikeerti, the commander and minister of Pulikeshin II. This temple has resemblance to the Lad Khan temple .