Madhvacarya's Commentary
The Supreme Lord being indifferent does not mean that prakriti or the
material substratum pervading physical existence can manifest creation on
its own by itself. Therefore the words mayadhyaksena meaning directed by
His illusory external energy denoting that it is always under the Supreme
Lords control and He is always the overseer. This is what Lord Krishna is
indicating. The Vedic scriptures state: Prakriti which gives birth to all
physical creations is itself given birth to by the Supreme Lord, who
determines the designation of all living entities according to their karma
or reactions to the actions of their previous life activities.
Now begins the summation.
In the compound word mayadhyaksena the word adhyaksena meaning
representative of the Supreme Lord is spoken by Lord Krishna as one who has
His eye on each and every single living entity. Therefore He is adhipati
the Lord of all creation.