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Kalpavriksha , also known as kalpataru, kalpadruma or kalpapādapa, is a wish-fulfilling divine tree in Hindu mythology. It was mentioned in Sanskrit literature from the earliest sources onwards. It is a popular theme in Jain cosmology and Buddhism. Sage Durvasa and Adi Shankaracharya, meditated under the Kalpavriksha. Shiva’s daughter Ashokasundari was created from Kalpavriksha tree by Parvati, to alleviate her loneliness. Another daughter Aranyani was also gifted to Kalapvriksha for safekeeping.

The Kalpavriksha originated during the Samudra manthan or “churning of the ocean of milk” along with the kamadhenu, the divine cow providing for all needs. The king of the gods, Indra, returned with this tree to his paradise.

Kalpavriksha is also identified with many trees such as Parijata, Ficus benghalensis, coconut tree, Madhuca longifolia, Prosopis cineraria, Bassia butyracea, and mulberry tree. The tree is also extolled in iconography and literature.

Source:Wikipedia