This Indian Coin/Token was gifted to me years ago when I was young but I have no idea what it is?

Hello Everyone, I have had this coin/token since I was a child and I've always been curious about it so I figured I would ask if anyone does have any idea what this coin/token is and anything about it?

Here is the history of it. It was given to me about 15-20 years or so ago by a friend of my grandmothers mother from India from one of the times she went back home to visit her mother while going to college here in the US and she was kind enough to give it to me as a gift from one of her visits.  I did not collect coins at that age or time but always thought it was cool and held on to it.  I did a little looking a couple of years ago with no luck but I am hoping I can find something about it if nothing else what the symbol.....word??? etc is on the reverse?  Also on what appears to the be the obverse who is the figure with 4 arms with the 2 elephants in the water.

Or does is go Like the one down below these two here? 
Which is up/down?
The top two pictures are how American coins are with the ovberse and reverse upside down so I assume the top 2 is correct, as you see I have no idea.

 

 I weighed it an it weighed 10.05 grams so it is a 10 gram token, coin, medallion???? I am hoping someone from google +, facebook, twitter or somewhere out there shed some light on my mystery of what I have here Thank you everyone in Advance!