Brahman is manifest as jiva, jagat and ishvara

 Brahman with maya becomes cause for the triad of jiva jagat and isvara

There is a maya Jiva , an individual experiencer and doer 

There is a maya isvara, controller , manifest and in and through all jagat

And there is the aspect of jagat, the tamasic elements and elementals

And sattavik aspect same is manifest as devatas

Devatas reflect on the sattvic aspect available for worship, and their own gross body is space, earth, air, fire , water

Narayana is all this

Narayana reflects on his saatvic aspect available for worship

Narayana is with ignorance as though a jiva

Maya sahita isvara is narayana only

The maya is mithya, narayana is satyam

Dont think that narayana free from maya is satyam

Maya itself is mitya, that means satyam alone is