Jain philosophy is based upon eternal, universal truths, according to its followers. During the first and last two Aras, these truths lapse among humanity and then reappear through the teachings of enlightened humans, those who have reached enlightenment or total knowledge (Kevala Jnana), during the third and fourth Aras. Traditionally, in our universe and in our time, Lord Rishabha (ऋषभ) is regarded as the first to realize the truth. Lord Vardhamana (Mahavira, महावीर) was the last Tirthankara to attain enlightenment (599-527 BCE), preceded by twenty-three Tirthankaras making a total of twenty-four Tirthankaras.
It is important to note that the above description stands true "in our universe and in our time" for Jains believe there have been infinite sets of 24 Tirthankaras, one for each half of the time cycle, and this will continue in the future. Hence, Jainism does not trace its origins to Rishabh Deva, the first, or Mahavira, the twenty-fourth, Tirthankara.