An amount of Rs.2 lakh, an honour plaque and a shawl were given to the octogenerian actor for excellence in direction at his residence in Mumbai.
The evergreen hero, apart from a stellar career on screen, has produced some very memorable films, including "Johnny Mera Naam", "Guide", "Jewal Thief" and "Hare Rama Hare Krishna".
The 88-year-old has also been honoured with Padma Vibhushan and Dadasaheb Phalke Award.
A grand function was also held at Khandwa, Kishore Kumar's birthplace, in the singer's memory.