This is Khandobha and his consort Mahalsa riding a horse. This is one of the popular depictions of them. Khandobha is identified by his vahana, a horse, and by his attributes, a sword and a shield.
Khandobha despite his divine nature, a form of Siva, is shown with only two arms. Mahalsa is meant to sitting on Khandobha’s left thigh. Here she is literally suspended in air, just above Khandobha’s left thigh.
The backdrop is full-length prabhavali with Kiritimuka, the face of glory, and five-hooded cobra. The absence of Makara in the prabhavali suggests this bronze may be from the Northern part of West Deccan, South Maharashtra. A complete set of Khandobha, like this one, horse, deities and prabhavali, is rarer.
According to Leo Figiel, Ritual Bronzes of Maharashtra and Karnataka, the high relief saddle and ovoid appearance on each side suggests an earlier date.
Like in any most of the folk bronze, the posture of the horse and the deities is rigid.
This bronze is about 24 cm in height and it is likely from South Maharashtra. This may date to the nineteenth century or a bit earlier.