Governor of Maharashtra, Chennamaneni Vidyasagar Rao, presented Shankar with the honour last evening.
"This is overwhelming - there is nothing more special than peer recognition. I consider myself a creation of this industry, and for this industry to recognise that I might have made some impact on the last decade fills me with a sense of both pride and gratitude," Shankar said while accepting the award.
Rao lauded Shankar's journey in the world of media.
Bollywood superstar Aamir Khan, who hosts social issues-based show 'Satyamev Jayate' congratulated Shankar in a recorded message.