"It's very special when you win an award, it reminds you that there is so much work to do, so much more music to enthrall audiences, I am very proud to be a part of this industry. 'Aashiqui 2' has definitely been the flavour of the year," Ghosal said in a statement.
The Lifetime Achievement Honour went to melody queen Asha Bhonsle in the popular category for her outstanding contribution to the music industry. Music maestro Ram Narayan, considered the finest sarangi exponent in the country and the man who made it a popular instrument, was also awarded the Lifetime Achievement Honour - Classical.
In the non-film category, various episodes of second season of "Coke Studio @MTV" emerged victorious.
The ceremony featured some performances by stalwarts in the music industry and Bollywood.
Asha Bhonsle also paid tribute to music legend R.D. Burman with her performance on some of his most iconic songs "Mera naam shabnam", "Dum maro dum", "Gulabi chehra", and "Aa dekhe zara" among others.
Actress Sonakshi Sinha gave a spellbinding performance, and singer Usha Uthup presented a special performance with a number of songs.