The inaugural competition will be held at the International Convention Centre in the city of Birmingham and judges will include Bollywood actress Manisha Koirala, said Miss Bollywood UK CEO Zia Choudhury, a Leicester-based model and actor.
The winner of the star-studded event will be whisked off to India to live the life of a Bollywood celebrity while being showered with a year's modelling contract, promotional events and the promise of an appearance in a Bollywood film.
"The appeal in Bollywood is the song and dance, the glamour, the people - it is after all the largest film industry in the world, " Choudhury said.
"Suddenly we've got this cross-over between Hollywood and Bollywood which adds to the authenticity of the Indian film industry. It's an exciting time to be part of Bollywood."
The winner will also be entered automatically into the finals of Miss Universe Great Britain which will give her an opportunity to compete for the title of Miss Universe.
The contest was open to women from all ethnicities as organisers wanted it to be as diverse as possible.
It follows the success of Liza Lazarus, a Welsh beauty who scooped the Miss Universe UK title last year, and then found herself on screen with the Salman Khan-starrer "Veer".
"The winner will get all the help and support I can offer to make sure they get every chance to make a name for themselves in Bollywood. It will be an exciting experience for them and one that they will not forget, " said Choudhury.
The finalists are: Kiran Myarr (Coventry), Natasha Khan (Middlesex), Amandeep Sahota (W. Yorkshire), Stacey Fox (Essex), Saher Ahmed (Birmingham), Tanita Wahid (Birmingham), Kirsty Lo (Kidderminster), Natasha Mistry (Bedfordshire), Samera Bilal (W. Yorkshire), Nisha Mavani (London), Ashley Mckeever (Lancashire), Kinjala Kansara (Warwickshire), Simran Chadha (Manchester), Saffiya Khan (W. Sussex) and Reena Patel (London).