Punasa is a town and a nagar panchayat in Dhar district in the Indian state of Madhya Pradesh. It is a town on Mahi river on the Malwa plateau. There is an ancient Shivalinga situated at the bank of Mahi river at a place called Shree Jhineshwar Dham; Shri Mohankheda Jain Thirth and Bhopawar Jain Tirth are located nearby.