Announcing the award, instituted in memory of renowned vocalist M S Subbalakshmi, the M S Subbulakshmi Foundation and Varkala based Sreekrishna Natya Sangeetha Academy said Mathangi has been chosen for this year's award taking into consideration her contribution to Carnatic music.
The award carries a cash prize of Rs 10,001, and a statuette.
The foundation also selected veteran Malayalam actress KPAC Lalitha for the first M S Subbalaksmi foundation award for films. The award is for her portrayal of KPAC Radhamani in the film 'Nadan'.
Actor Sai Kumar has been selected for this year's Sree Krishna film award for his role in 'Sound Thoma'.