Afroj's knock came off 16 balls and included a four and five sixes.
Batting first after winning the toss, Rhinos looked in trouble at 89 for six in 16.1 over but Afroj played a blistering knock to propel them to 145 for 8 in 20 overs.
Lions wilted under pressure and good spells by Prateek Choudhary (3 for 22), Mohammad Shafi (3 for 11) saw them folding at 97 in 17.2 overs.
Afroj was declared man of the match while Naresh Gehlot emerged as Player of the Tournament. Best batsman award was grabbed by Dishant Yagnik and Deepak Chahar was adjudged best Bowler.
The Rhinos were given a cash award of Rs 3 lakh while the runners up walked away with Rs 1.50 lakh.
Brief Scores:
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Rhinos: 145 for 8 in 20 overs (Dishant Yagnik 32, Afroj Khan 42, Shailendra Gehlot 2/20).
Lions: 97 in 17.2 overs (Nikhil Doru 32, Shradhanand Yadav 22, Pratik Choudhary 3/22, Mohammad Shafi 3/11, Naresh Gehlot 2/3).