Social media platforms are used by a large number of people prominently to express their thoughts and opinions. However, these platforms have contributed to a sub stantial amount of hateful and abusive content as well. Therefore, it is impor tant to curb the spread of hate speech on these platforms. In India, Marathi is one of the most popular languages used by a wide audience. In this work, we present L3Cube-MahaHate, the first ma jor Hate Speech Dataset in Marathi. The dataset is curated from Twitter, anno tated manually. Our dataset consists of over 00 distinct tweets labeled into four major classes i.e hate, offensive, pro fane, and not. We present the approaches used for collecting and annotating the data and the challenges faced during the pro cess. Finally, we present baseline classi fication results using deep learning mod els based on CNN, LSTM, and Transform ers. We explore mono-lingual and multi lingual variants of BERT like MahaBERT, IndicBERT, mBERT, and xlm-RoBERTa and show that mono-lingual models per form better than their multi-lingual coun terparts. The MahaBERT model provides the best results on L3Cube-MahaHate Corpus.