Rati is the Hindu goddess of love, lust and passion. She is the female counterpart and chief consort of Kamadeva, the god of love. While pichwais usually depict Krishna or elements related to him as a subject, in recent times artists have been experimenting with a few other subjects as well, as is evident here.
Pichwai paintings are usually created by a group of artists and hence, are typically not signed, since credit cannot be attributed to one individual. When a senior artist creates the entire Pichwai by himself, it sometimes carries a signature, much like in the world of contemporary art. Signed pichwais such as this are rare, and usually more valuable than unsigned pichwais.