Muktanand Swami, born as Mukunddas in 1758, was a swami and paramahansa of the Swaminarayan Sampradaya. He was regarded as the principal disciple of Ramanand Swami and was considered the incarnation of Naradji. Muktanand Swami played a significant role in the early years of Swaminarayan's mission. He met Swaminarayan, then known as Nilkanth Varni, in Loj and recognized his divine presence. Muktanand Swami proposed Swaminarayan as the successive preceptor and head of the sect, and he accepted Ramanand Swami's appointment of Swaminarayan as the leader. Muktanand Swami is highly revered in the Swaminarayan Sampradaya and is known as "the mother of Satsang" for his care and affection for swamis. He represented the sampradaya at the Gathering of Vadodara and emerged victorious.

Swami Muktananda Paramahamsa was known for his devotional poetry and musical talents. His compositions conveyed spiritual teachings and moral messages. He wrote the Jay Sadguru Swami Aarti, sung in Shri Swaminarayan Temples, as a praise to Shri Hari or Swaminarayan. He was also a compiler of the Vachanamrut, a collection of Swaminarayan's discourses, along with other swamis. Muktanand Swami's works have been published in Muktanand Kavya, which includes 21 texts such as Dharmakhyan, Vivek Chintamani, Mukund Bavani, and many more. His devotional composition Dhira Dhurandhara was frequently sung by Mahatma Gandhi and was included in Gandhi's Ashram Bhajanavali. Some of Muktanand Swami's works have been translated by Harindra Dave, a Gujarati writer. The vivah compositions from his Rukmini Vivah are commonly sung at wedding celebrations.