"Sympathy for the devil" - what does this line refer to?

In the famous Rolling Stones song * Sympathy for the Devil *

There is a line that I can’t figure out.

Is this a specific reference in Indian History?

http://boards.straightdope.com/sdmb/showthread.php?threadid=136152&highlight=troubadours+Bombay+devil

Thanks for the footwork. I missed that thread when it came out.

Very informative.