Grillot's name features in the magazine among "5 Heroes Who Gave Us Hope in 2017."
Grillot, then 24, was injured when he tried to intervene in the shooting by a Navy veteran targeting Indians at a bar in Olathe, Kansas, in February.
Srinivas Kuchibhotla, 32 , was killed in the shooting that also left his colleague Alok Madasani, critically injured.
"I wouldn't have been able to live with myself if I didn't do anything," Grillot said in an article posted by Time on Thursday.
"Without all the prayers and positive support from everybody, I wouldn't be doing as well as I am right now. It has been a wonderful year and a blessing to be alive," Grillot told PTI.
Earlier this year, Grillot was honoured as 'A True American Hero' by the Indian-American community in Houston which raised USD 100,000 to help him buy a house in his hometown Kansas.
Grillot was watching a televised basketball game at the restaurant when a gunman approached Srinivas and Alok, both 32, and reportedly told them to "get out of my country."
Adam Purinton of Olathe has been charged with first- degree murder and attempted murder in the assaults.
Others saluted by Time included a chef who fed Hurricane Maria victims in Puerto Rico, Houston neighbours who aided a woman having a baby in the aftermath of Hurricane Harvey, and a California dog who refused to leave behind livestock he was guarding as wildfires raged.
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