The fascinating story behind the marriage of Lord Sri Venkatewara (Lord Srinivasa / Balaji) with Goddess Padmavathi is elaborated here. The rishis headed by Kasyapa began to perform a sacrifice on the banks of the Gangas. Sage Narada visited them and asked them why they were performing the sacrifice and who would be pleased by it. Not being able to answer the question, the rishis approached Sage Bhrigu. To reach a solution after a direct ascertainment of reality.
Bhrigu first went to Satyaloka, the adobe of Lord Brahma. At Satyloka, he found Lord Bramhma, reciting the four Vedas in praise of Lord Narayana, with each of his four heads,and attend upon by Saraswati. Lord Brahma did not take notice of Bhrigu offering obeisance. Concluding that Lord Brahma was unfit for worship, Bhrigu left Satyaloka for Kailasa, the abode of Lord Shiva.
At Kailasa, Bhrigu found Lord Siva spending his time pleasantly with Parvati and not noticing his presence. Parvati drew the attention of Siva to the presence of the sage. Lord Siva was furious at Bhrigu’s intrusion and tried to destroy him. The sage cursed Lord Siva and left for Vaikuntam. At Vaikuntam, Lord Vishnu (also called Srimannarayana) was reposing on Adisesha with Sri Mahalakshmi in service at His feet. Finding that Srimannarayana also did not notice him, the sage was infuriated and he kicked the Lord on His chest, the place where Mahalakshmi resides..
At once, Lord Vishnu hastened to apologise to the angry sage and pressed his feet to allay the pain caused to Bhrigu’s leg. In doing so the Lord removed the eye in the foot of the sage, which gave Bhrigu power as to defy the Devas. Thereupon, the sage decided that Lord Vishnu was the most supreme of the trimurthis and told the rishis the same. Thereupon, they decided that Lord Vishnu was the fruit of the yaga.
Sri Mahalakshmi was angered by the action of her Lord in apologising to Bhrigu who committed an offence. She, therefore, left Vaikuntam without heeding the entreaties of the Lord.At the commencement of the current Sveta Varaha Kalpa, the whole universe was filled with water and the Earth was immersed in it.Lord Vishnu assumed the form of a white boar (Sri Varaha) and dived into the water to lift the Earth. He slew the demon Hiranyaksha who was obstructing Him and rescued the Earth.
Brahma and the other Devas praised Sri Varaha for saving the Earth by chanting the Vedas and showering flowers on Him. Lord Vishnu decided to stay on Earth in the form of Sri Varaha for some time, to punish the wicked and protect the virtuous. The place then came to be known as Varaha Kshetra and the Varaha Kalpa commenced. After the departure of Mahalakshmi, a forlorn Lord Vishnu left Vaikuntam and took abode in an ant-hill under a tamarind tree, beside a pushkarini on the Venkata Hill. Taking pity on Lord Vishnu, Brahma and Maheshwara decided to assume the forms of a cow and its calf to serve Him.