[ Devanagari => IAST ]
ॐ ajñānatimirāndhasya jñānāñjanaśālākayā
cakṣurunmīlitaṃ yena tasmai śrīgurave namaḥ
Meaning in English
        He who removes darkness of ignorance of the blinded (un-enlightened) by applying the ointment(medicine) of (Spiritual) knowledge
        He Who opens the eyes, salutations unto that holy Guru
Meaning of the words
    Ajnaana: Ignorance; 
    Timir: darkness
    Andha: Blind
    Jnaana: Knowledge
    Anjana: Ointment
    Shalaaka: Medicinal tool used to apply ointment
    Chakshu: Eye
    Unmilitam: Opened
    Yena: By whom
    Tasmai: unto him/her
    Sri: holy, respected
    Guru: Dispeller of Darkness; Gu=Darkness, Ru=Remover
    Namaha: Salutations