Om! - ( Brahma or Almighty God )
Bhuh -(Embodiment of vital spiritual energy(Pran) )
bhuvah - ( Destroyer of sufferings)
swah - ( embodiment of happiness)
tat - ( that )
savituh - ( bright, luminous like the Sun )
varenyam - ( best, most exalted )
bhargo - ( destroyer of sins )
devasya - ( divine )
dhimahi - ( may imbibe )
dhiyo - (intellect )
yo - ( who )
nah - ( our )
prachodayat - (may inspire )
It is a prayer to the Almighty Supreme God, the Creator of entire cosmos, the essence of our life existence, who removes all our pains and sufferings and grants happiness beseeching His divine grace to imbibe within us His Divinity and Brilliance which may purify us and guide our righteous wisdom on the right path.
Almighty God may illuminate our intellect, which may lead us on the righteous path.