Hare Krsna
Please accept my humble obeisance. All glories to Srila Prabhupada
"Atma, or self, is distinguished from matter and material elements. It is spiritual in constitution, and thus it is never satisfied by any amount of material planning.
Bhagavan means the almighty God who is the controller of all opulence, power, fame, beauty, knowledge and renunciation. He is the protector of His pure devotees. Although God is equally disposed to everyone, He is especially inclined to His devotees.
Sat means the Absolute Truth. And persons who are servitors of the Absolute Truth are called satvatas. And the Personality of Godhead who protects such pure devotees is known as the protector of the satvatas."
Excerpts from the Bhaktivedanta Purport on SB. 1.1.1-1.1.2
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