Wikipedia
Hiranyakashipu (, "clothed in gold"; the name is said to depict one who is very much fond of wealth and sex life: hiranya "gold," kashipu "soft cushion") is an Asura from the Puranic scriptures of Hinduism. His younger brother, Hiranyaksha was slain by Varaha, one of the Avatars of Vishnu. Angered by this, Hiranyakashipu decided to gain magical powers by performing a penance for Lord Brahma. He was subsequently killed by the Narasimha Avatara of Lord Vishnu. His tale depicts the futility of desiring power over others and the strength of God's protection over his fully surrendered devotees (in the case of his son Prahlada).
Hiranyakashipu, according to legend, was the king of the daityas and had earned a boon from Brahma that made him virtually indestructible. He grew arrogant, thought he was God, and demanded that everyone worship only him.
The story of Hiranyakashipu is in three parts. The first has to do with the curse of the Four Kumaras on the gatekeepers of Vaikuntha, Jaya and Vijaya, which causes them to be born as the daityass Hiranyakashipu and Hiranyaksha. The second part deals with Hiranyakashipu's penance to propitiate Brahma and gain a boon from him. The final part deals with his efforts to kill his son Prahlada (a devotee of Vishnu) and his subsequent death at the hands of Narasimha.