Malhar Rao Holkar (16 March 1693 – 20 May 1766) was a noble of the Maratha Empire, in present-day India.
Malhar Rao is particularly known for being the first Maratha Subhedar of Malwa in Central India.
He was the first prince from the Holkar family which ruled the Indore State.
He was one of the early officers to help spread the Maratha rule to northern states and was given the State of Indore to rule by the Peshwas, during the reign of Chhatrapati Shahu Maharaj -1.Shahu_I