Johar was honoured with the leadership in cinema award.
"I feel so blessed... Especially to be a part of this absolutely amazing year, to be nominated with films like 'Dangal', 'Pink' and 'Baahubali', which I felt so proud to be associated with in a tiny way," Johar said.
The fest will screen Johar's latest movie "Ae Dil Hai Mushkil" along with 60 other films. The director will also hold a special masterclass.
Sushant was named best actor for his role in "M S Dhoni: The Untold Story", while the best actress honour went to "Lipstick Under My Burkha" star Konkona.
The award for excellence in global cinema was given to Aishwarya.
"I would like to dedicate the honour to every talent, every director who believed in me and gave me the opportunity to do the kind of work that I have done in cinema," she said.
Nitesh Tiwari won the best director award for "Dangal" and also shared the people's choice award with "Baahubali 2: The Conclusion".
Rahul Bose-directed film "Poorna" won the equality in cinema award, while the best film gong went to Amitabh Bachchan-starrer "Pink".
"Lion" director Garth Davis won the diversity award this year and the fest's opening night film "Lipstick Under My Burkha" won the best indie film award.
Singers Akriti, Prakriti and Sukriti Kakar performed during the award ceremony, which also featured a special performance by children and young adults with down syndrome.
The 43-year-old actor, who was accompanied with her five-year-old daughter Aaradhya, said it was a moment that she will never forget.
The 13-day long fest will culminate on August 22 with the screening of Raveena Tandon's film "Shab" and "Tramjatra", a documentary which details the unexpected and incredible relationship struck between Melbournian tram conductor Roberto D'Andrea and Kolkata's Trammie community of Kolkata, India.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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