On winning the prestigious trophy, Sameer Gaur, MD and CEO of JPSI said, "This is indeed a very proud moment and I am honoured to receive this FIA award for the second time on behalf of my entire team and the country, whose support and enthusiasm was responsible for us to win this award again."
"This award will motivate us to host a grandeur F1 Indian Grand Prix next year and we would hopefully be able to complete a hat-trick of the award," he added.
The FIA prize giving gala is organised every year to honour all those who make outstanding contribution to promote motorsports world-wide.
Farhan Vohra, in-charge of race operations at the Buddh International Circuit, was also recognised by the FIA as the 'Best Clerk of the Course' for 2012.
Vohra had the important responsibility of managing race operations and race control at the BIC during the first two editions of F1 Indian Grand Prix.
Previously, he has also been a steward at the Singapore, Abu Dhabi and Germany F1 races, and is the only Indian accredited by the FIA to be a steward and a clerk at an F1 race.
"I am honoured with this recognition, which could not have been possible without the efforts of entire JPSI team that helped ensure a smooth Indian Grand Prix for the second year running," Vohra said.
"We had made some changes to the track, leading up to the second Indian Grand Prix, but to think that we were able to achieve greater heights than last year, as the recognition signifies, is a testimony to how much more Buddh International Circuit can offer to motor racing," he added.