The award is conferred on the research scholar for his work in the discipline of Management every year. It is aimed at acknowledging the efforts research scholar of towards constructive research. The contest is open to full time faculty members of B-Schools in India other than the faculty of Prestige Group of Education Institution. The best Ph. D. Thesis Award for the year 2004 was awarded to Dr. J.K. Nandi, Nagpur University, Nagpur. For the year 2005,
The Best Ph.D. Thesis Award was conferred on Dr. Mousumi Bhattacharya, IIT, Kharagpur. For the year 2006, the Best Ph.D Thesis was conferred on Dr. V.K Khanna, IIT, Delhi. For the Year 2007, the Best Thesis Award was conferred on Dr. Idrani Bhattacharjee, ITS , Ghaziabad.