A host of glitterati attended the function.
Shahid Kapoor who recently starred with Priyanka Chopra in the film Kaminey said he felt honoured after receiving this award.
"I'm feeling very happy and it's a very prestigious award. Rajiv Gandhi always supported the youth and he always used to talk about youth empowerment and the award which is kept in his honour I'm getting it," said Kapoor.
Katrina Kaif also expressed similar sentiments.
"It's really very nice when you get acknowledged for your world and also your generally its not for one film or one particular thing you've done so its really nice," said Kaif.
The 12 awards were meant to honour achievers who are part of India's progress into the 21st century.