Satyarthi is a child rights activist based out of Delhi and 17-year-old Malala, who took a bullet from Taliban, is an activist for right to education.
The Nobel committee said that the award has been given "for their struggle against the suppression of children and young people and for the right of all children to education".
Satyarthi runs Bachpan Bachao Andolan Group in New Delhi. He is the second Indian after Mother Teresa, to have been awarded the Nobel Peace Prize.
Speaking to NDTV, Satyarthi said, "The voice of crores of children has been heard".
"I am thankful to Nobel committee for recognising the plight of millions of children who are suffering in this modern age," said Satyarthi to news agency PTI.
10 well-known Nobel Peace Prize winners
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