Industrialists Pratap Govindrao Pawar and Mallika Srinivasan are among the five chosen for Padma Shri awards from trade and industry category this year.
Dalit entrepreneurs Ravi Kumar Narra and Rajesh Saraiya and Indian-American businessman Ashok Kumar Mago are the other three recipients.
Pawar, who is the Chairman of Sakal Media Group, has also been the former President of the Indian Newspaper Society, New Delhi.
He is also Chairman of Ajay Metachem group of Industries and a Director on Boards of various Indian-listed firms like Bharat Forge, Kirloskar Oil Engines, Finolex Cables, Force Motors among others.
Srinivasan -- the Chairman and CEO of Chennai-based USD 1.6 billion TAFE (Tractors and Farm Equipment Ltd) -- is the wife of TVS Motor company Chairman Venu Srinivasan.
Mago, Chairman and CEO of Dallas (US)-based business and investment consulting company Mago & Associates, has helped raise millions of dollars for Dallas Asian organisations.
He is also a recipient of the 2010 Pravasi Bharatiya Samman for his efforts in working towards bringing businesses in India and the US closer.
Narra, a dalit entrepreneur, is the President of Andhra Pradesh chapter of industry body Dalit India Chamber of Commerce and Industry.
Saraiya runs Steel Mont Trading, a multinational firm dealing in metals.