Shikharji means the venerable peak. The site is also called Sammed Śikhar or Sammet Shikhar peak of concentration. because it is a place where twenty of twenty-four Tirthankaras attained Moksha through meditation. The word Parasnath is derived from Parshvanatha, the twenty-third Jain tirthankara, who was one of those who is believed to have attained Moksha at the site.