'Nilesh' means 'the Blue
God',
and is one of the alternate names for Vishnu, "The Preserver."
Later, the name was also used to refer to Shiva, "The Destroyer of Evil", "The
King."
The name is a combination (sandhi) of two
words: Neel ("blue") and Ish ("Lord" or "God").
Ish or
Esh is also a Sanskrit word for head. Hence, the name can also be interpreted as 'Blue Head,' which refers to Lord Shiva.
Nilesh also refers to a third deity: Krishna. Krishna is also referred to as the Blue God because of the darker
skin which is always displayed in pictures and statues in the colour blue.