The "Khanda" is the Insignia of Sikha a Symbol of representing the universal Creative Power.

Khanda : In the centre is a double-edged Sword Symbol of the Primal and almighty Power of Creator.
Chakra : The "Chakra" or the circle is a symbol of Infinity.
Sword : The two Swords on the out side symbolise the spiritual (Pill) and Temperal (Miri) balance in the universe.