Ghaywan, who worked as an assistant director on Anurag Kashyap's 'Gangs of Wasseypur' and helmed short films 'Shor' and 'Epiphany', was awarded for his project 'Fly Away Solo', a relationship drama about four people striving to escape the trappings of a small-town.
The other winners are Denmark's Tobias Lindholm for his project 'A War', Vietnam/UK's Hong Khaou for 'Monsoon' and Australia's Ashlee Page for 'Archive'.
Lindholm has collaborated with Thomas Vinterberg as the co-writer on this year's Danish Oscar entry 'The Hunt'.
The four filmmakers were given the award at a private ceremony at the 2014 Sundance Film Festival in Park City, Utah (US) by Rohit Khattar, Chairman, Mumbai Mantra, Michelle Satter, Founding Director, Feature Film Programme, Sundance Institute, and Paul Federbush, International Director, Feature Film Programme, Sundance Institute.
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"At a time when there is no dearth of issues around the world that are crying out to be heard, the Global Filmmaking award recognises independent filmmakers who give expression to those voices," Anand Mahindra, the Chairman and Managing Director of the Mahindra Group, said in a statement.
Congraluating the four winners, Khattar said, "These are exciting times for Independent Cinema in India and across the world. We feel privileged to help support Sundance Institute in its mission of nurturing and honing emerging talent.