Gala Chair and Co-Chair of Canada India Foundation said that the award, which consists of a cash reward of USD 225,000 (Rs One Crore) and citation was presented to him at the Annual Award Gala of Canada India Foundation, held in Vancouver Barj Dhahan.
After taking over as the chairman of the company from JRD Tata, the Group's revenues have raised 12-fold.
Under his leadership Tata has acquired Jaguar and Land Rover from Ford Motor Company and Corus Group, an Anglo-Dutch steel producer among others.
The top industrialist, who has also been honoured with the Padma Vibhushan, India's second-highest civilian award in 2008, brought to reality his dream project of manifacturing a low-cost and environmentally friendly car with Tata Nano, which came to be knwon as the the People's Car.
CIF Chanchlani Global Indian Award has been created by Canada India Foundation to honour individuals who have demonstrated global leadership, vision and professional excellence, which has led to people of Indian origin around the world the globe proud.