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Dhirubhai was conferred the Economic Times Award for Corporate Excellence for Lifetime Achievement in August 2001.

Seen in the picture are Bollywood superstar Amitabh Bachchan (extreme left), Finance Minister Yashwant Sinha (third from left), Dhirubhai himself, and Dr Verghese Kurien, Chairman of the Gujarat Cooperative Milk Marketing Federation.

He was conferred the lifetime achievement award by India HRD Congress in February 2002. He was thrice rated 'India's Most Admired CEO' in the Business Barons-Taylor Nelson Sofres-Mode survey in June 2001, 2000 and 1999.