Shankar's team "Shankar's Rockstars", comprising singers Rahul Vaidya, Sharib Sabri, Sanjeev Kumar and Neetii Muhan, rocked the stage with peppy numbers and won the show by three points.
They took home a cash prize of Rs.50 lakh (Rs.5 million) presented by sarod maestro Ustad Amjad Ali Khan.
After the victory, Shankar told: "I used to meet with my team members now and then but I never thought that we will make such a wonderful team.
Our main motive was entertainment, but along with that we tried giving some message which thankfully reached to the people. I haven't decided what to do with the prize money. Now we will party and hopefully go on a tour."
Shaan too gave his best shot to the show and gave tough competition to Shankar with his team "Shaan's Strikers" that included Harshit Saxena, Anweshaa Dutta Gupta, Debojit Saha and Shadab Faridi.
However, even with a lot of votes, he fell woefully short.
Popular numbers, a lively audience, energetic dancers - the show was a melange of it all.
"Music Ka Maha Muqqabla", which has been on air since 13 weeks, had Mika, Himesh Reshimyya, Mohit Chauhan and Shreya Ghoshal in the race earlier.