This is a list of recipients of the Padma Shri award, the fourth-highest civilian award of the Republic of India, in the field of Trade and Industry. Service. As of 2025, a total of 125 individuals have been awarded Padma Shri for their contributions in this category.

1950–1959 Year Name State Field 1955 Tata Shri Jehangir Ratanji Dadabhai Maharashtra Trade and Industry 1957 Ghanshyamdas Birla Rajasthan Trade and Industry 1958 Jehangir Ghandy Maharashtra Trade and Industry 1958 Aragula Nagaraja Rao Andhra Pradesh Trade and Industry 1959 Atma Ram West Bengal Trade and Industry

1960–1969 Year Name State Field 1960 Adinath Lahiri West Bengal Trade and Industry 1961 Krishnaswamy Venkataraman Maharashtra Trade and Industry 1964 Dara Nussarwanji Khurody Lebanon Trade and Industry 1965 Shantanu Lakshman Kirloskar Maharashtra Trade and Industry 1965 Hanumanbax Kanoi Rajasthan Trade and Industry 1965 Krutartha Acharya Odisha Trade and Industry 1965 Verghese Kurien Gujarat Trade and Industry 1966 Babubhai Maneklal Chinai Maharashtra Trade and Industry 1966 Verghese Kurien Gujarat Trade and Industry 1966 Ramprasad Ramchand Khandelwal Uttar Pradesh Trade and Industry 1967 Vasantrao Patil Maharashtra Trade and Industry 1967 Nagappa Chettiar Tamil Nadu Trade and Industry 1967 Ved Rattan Mohan Uttar Pradesh Trade and Industry 1967 Vithaldas Hakamchand Shah Maharashtra Trade and Industry 1968 Gujarmal Modi Uttar Pradesh Trade and Industry 1969 Kasturbhai Lalbhai Gujarat Trade and Industry 1969 Kasturiswami Sreenivasan Tamil Nadu Trade and Industry 1969 Keshav Prasad Goenka West Bengal Trade and Industry 1969 K. Shaikabdulkhader Ghulamohideen Tamil Nadu Trade and Industry 1969 Ram Lal Rajgarhia Delhi Trade and Industry 1969 Upendra Maharathi Bihar Trade and Industry

1970–1979 Year Name State Field 1970 Dattatraya Mahadeo Dahanukar Maharashtra Trade and Industry 1970 Govind Ram Hada Delhi Trade and Industry 1970 Phul Chand West Bengal Trade and Industry 1971 Bhalchandra Digambar Garware Maharashtra Trade and Industry 1971 Devchand Chhaganlal Shah Maharashtra Trade and Industry 1971 Jogesh Chandra De West Bengal Trade and Industry 1971 Kedar Nath Mookerjee West Bengal Trade and Industry 1971 Mangtu Ram Jaipuria Uttar Pradesh Trade and Industry 1971 Manibhai J. Patel Madhya Pradesh Trade and Industry 1971 Ramrao Madhaorao Deshmukh Maharashtra Trade and Industry 1971 Suresh Chandra Roy West Bengal Trade and Industry 1971 Ved Rattan Mohan Uttar Pradesh Trade and Industry 1971 Coorg Narasimhaiengar Krishna Murthy Uttar Pradesh Trade and Industry 1971 Yelavarthy Nayudamma Tamil Nadu Trade and Industry 1971 Debi Sahai Jindal Haryana Trade and Industry 1971 Devan Venkata Reddi West Bengal Trade and Industry 1971 Hari Dev Shourie Delhi Trade and Industry 1971 Harnam Dass Wahi West Bengal Trade and Industry 1971 Khailshankar Durlabhji Rajasthan Trade and Industry 1971 Maqbool Ahmed Lari Uttar Pradesh Trade and Industry 1971 Prem Nath Sahni Punjab Trade and Industry 1971 Udaybhansinhji Natwarsinhji Jethwa Gujarat Trade and Industry 1972 Bharat Ram Delhi Trade and Industry 1972 Syed Husain Zaheer Andhra Pradesh Trade and Industry 1972 Mohan Mull Chordia Tamil Nadu Trade and Industry 1973 Raja Muthiah Annamalai Muthiah Chettiar Tamil Nadu Trade and Industry 1974 Patwardhan Waman Dattatraya Maharashtra Trade and Industry 1975 Narielwala Phirozeshah Ardeshir Maharashtra Trade and Industry 1976 Naoroji Pirojsha Godrej Maharashtra Trade and Industry

1980–1989 Year Name State Field 1983 Gulam Rusull Khan Jammu and Kashmir Trade and Industry 1985 Jadunath Supakar Uttar Pradesh Trade and Industry 1985 Nelly Homi Sethna Maharashtra Trade and Industry 1988 Col. Satya Pal Wahi Uttarakhand Trade and Industry 1988 Shivanarayan Motilal Rathi @ Babubhai Rathi Maharashtra Trade and Industry 1989 Rustomji Hoermusji Mody Jharkhand Trade and Industry 1989 Suresh Shankar Nadkarni Maharashtra Trade and Industry 1989 Kum. Kiran Mazumdar-Shaw Karnataka Trade and Industry 1989 Lila Firoz Poonawalla Maharashtra Trade and Industry

1990–1999 Year Name State Field 1990 Sumant Moolgaokar (Posthumous) Maharashtra Trade and Industry 1990 Banda Vasudev Rao Maharashtra Trade and Industry 1990 Mohammad Swaleh Ansari Uttar Pradesh Trade and Industry 1991 Hosagrahar Chandrashekhariah Visvesvaraya Delhi Trade and Industry 1991 Neelkanth Annappa Kalyani Maharashtra Trade and Industry 1991 Padamanur Ananda Rau Tamil Nadu Trade and Industry 1991 Ramesh Gelli Karnataka Trade and Industry 1991 Vasantrao Srinivassa Dempo Goa Trade and Industry 1992 Jehangir Ratanji Dadabhai Tata Maharashtra Trade and Industry 1992 Hasmukh Thakordas Parekh Maharashtra Trade and Industry 1992 Kandathil Mammen Mammen Mappillai Tamil Nadu Trade and Industry 1992 Lal Chand Hirachand Maharashtra Trade and Industry 1992 Meenakshi Saraogi West Bengal Trade and Industry 1992 Rukmini Baburao Pawar Maharashtra Trade and Industry 1998 Naushad Ismail Padamsee Maharashtra Trade and Industry 1999 Sohrab Pirojsha Godrej Maharashtra Trade and Industry 1999 Harshavardhan Neotia West Bengal Trade and Industry

2000–2009 Year Name State Field 2000 Maidavolu Narasimham Telangana Trade and Industry 2000 Ratan Tata Maharashtra Trade and Industry 2000 Nagavara Ramarao Narayana Murthy Karnataka Trade and Industry 2001 Bhupathiraju Vissam Raju Telangana Trade and Industry 2001 Dr.(Kum.) Amrita Patel Gujarat Trade and Industry 2001 Badrinarayan Ramulal Barwale Maharashtra Trade and Industry 2001 Mohan Singh Oberoi Delhi Trade and Industry 2001 Rahul Bajaj Maharashtra Trade and Industry 2001 Kallam Anji Reddy Telangana Trade and Industry 2001 Kandathil Mammen Philip Maharashtra Trade and Industry 2002 Henning Holck Larsen Maharashtra Trade and Industry 2002 Pravinchandra Varjivan Gandhi Maharashtra Trade and Industry 2003 Hari Shankar Singhania Delhi Trade and Industry 2003 Jamshyd Naoroji Godrej Maharashtra Trade and Industry 2003 Nalli Kuppuswami Chetti Tamil Nadu Trade and Industry 2004 Sharayu Daftary Maharashtra Trade and Industry 2005 Brijmohan Lall Munjal Delhi Trade and Industry 2005 Azim Premji Karnataka Trade and Industry 2006 Gunter Kruger (Posthumous) Maharashtra Trade and Industry 2006 Deepak S. Parekh Maharashtra Trade and Industry 2006 Subramanian Ramadorai Maharashtra Trade and Industry 2006 Tarun Das Haryana Trade and Industry 2006 Suresh Krishna Tamil Nadu Trade and Industry 2006 Shahnaz Husain Delhi Trade and Industry 2007 Jamshed J. Irani Maharashtra Trade and Industry 2007 N. Mahalingam Tamil Nadu Trade and Industry 2007 Osamu Suzuki Japan Trade and Industry 2007 Indra K. Nooyi United States of America Trade and Industry 2007 Sunil Bharti Mittal Delhi Trade and Industry 2007 Naina Lal Kidwai Maharashtra Trade and Industry 2007 Anantharamakrishnan Sivasailam Tamil Nadu Trade and Industry 2007 Rajinder Gupta Punjab Trade and Industry 2008 Lakshmi Niwas Mittal United Kingdom Trade and Industry 2008 N. R. Narayana Murthy Karnataka Trade and Industry 2008 P. R. S. Oberoi Delhi Trade and Industry 2008 Ratan Tata Maharashtra Trade and Industry 2008 Vikram Shankar Pandit United States of America Trade and Industry 2008 Baba Kalyani Maharashtra Trade and Industry 2008 K. V. Kamath Maharashtra Trade and Industry 2008 Shiv Nadar Tamil Nadu Trade and Industry 2008 Suresh Kumar Neotia Delhi Trade and Industry 2008 Amit Mitra Delhi Trade and Industry 2009 Ashok Sekhar Ganguly Maharashtra Trade and Industry 2009 Anilkumar Manibhai Naik Maharashtra Trade and Industry 2009 B. R. Shetty UAE Trade and Industry 2009 A. Sakthivel Tamil Nadu Trade and Industry 2009 R.K. Krishna Kumar Maharashtra Trade and Industry

2010–2019 Year Name State Field 2010 Prathap Chandra Reddy Tamil Nadu Trade and Industry 2010 Capt. C. P. Krishnan Nair Maharashtra Trade and Industry 2010 Kushal Pal Singh Delhi Trade and Industry 2010 Manvinder (Vindi) Singh Banga United Kingdom Trade and Industry 2010 Narayanan Vaghul Tamil Nadu Trade and Industry 2010 Shripaul Oswal Punjab Trade and Industry 2010 Brig. (Dr.) Kapil Mohan Himachal Pradesh Trade and Industry 2010 Alluri Venkata Satyanarayana Raju Telangana Trade and Industry 2010 Karsanbhai Khodidas Patel Gujarat Trade and Industry 2010 Ravi Pillai Bahrain Trade and Industry 2010 Deepak Puri Delhi Trade and Industry 2010 Irshad Mirza Uttar Pradesh Trade and Industry 2010 T.N. Manoharan Tamil Nadu Trade and Industry 2010 Venu Srinivasan Tamil Nadu Trade and Industry 2011 Azim Premji Karnataka Trade and Industry 2011 G. V. K. Reddy Telangana Trade and Industry 2011 Kallam Anji Reddy Telangana Trade and Industry 2011 Ajai Chowdhry Delhi Trade and Industry 2011 Analjit Singh Delhi Trade and Industry 2011 Rajendra Singh Pawar Haryana Trade and Industry 2011 S. Gopalakrishnan Karnataka Trade and Industry 2011 Yogesh Chander Deveshwar West Bengal Trade and Industry 2011 Chanda Kochhar Maharashtra Trade and Industry 2011 K. Raghavendra Rao Tamil Nadu Trade and Industry 2011 Mecca Rafeeque Ahmed Tamil Nadu Trade and Industry 2011 Sat Pal Khattar Singapore Trade and Industry 2012 B. Muthuraman Maharashtra Trade and Industry 2012 Murugappa Vellayan Subbiah Tamil Nadu Trade and Industry 2012 Swati A. Piramal Maharashtra Trade and Industry 2012 Priya Paul Delhi Trade and Industry 2012 Shoji Shiba Japan Trade and Industry 2012 Arun Hastimal Firodia Maharashtra Trade and Industry 2012 Gopinath Pillai Singapore Trade and Industry 2013 Adi Godrej Maharashtra Trade and Industry 2013 Ramamurthy Thyagarajan Tamil Nadu Trade and Industry 2013 Hemendra Prasad Barooah West Bengal Trade and Industry 2013 Milind Pralhad Kamble Maharashtra Trade and Industry 2013 Kalpana Saroj Maharashtra Trade and Industry 2013 Rajshree Pathy Tamil Nadu Trade and Industry 2013 Vandana Luthra Delhi Trade and Industry 2014 Mallika Srinivasan Tamil Nadu Trade and Industry 2014 Pratap Govind Pawar Maharashtra Trade and Industry 2014 Rajesh Kumar Saraiya Maharashtra Trade and Industry 2014 Ravi Kumar Narra Telangana Trade and Industry 2015 T. V. Mohandas Pai Karnataka Trade and Industry 2016 Dhirubhai Ambani (Posthumous) Maharashtra Trade and Industry 2016 Pallonji Shapoorji Mistry Ireland Trade and Industry 2016 Indu Jain Delhi Trade and Industry 2016 Keki Hormusji Gharda Maharashtra Trade and Industry 2016 Mahesh Sharma Delhi Trade and Industry 2016 Ajaypal Singh Banga United States of America Trade and Industry 2016 Dilip S Shanghvi Maharashtra Trade and Industry 2016 Saurabh Srivastava Delhi Trade and Industry 2017 Mohan Reddy Venkat Rama Bodanapu Telangana Trade and Industry 2018 Rameshwarlal Kabra Maharashtra Trade and Industry 2018 Jose Ma. A. Concepcion III Philippines Trade and Industry 2019 Anilkumar Manibhai Naik Maharashtra Trade and Industry 2019 John Chambers United States of America Trade and Industry 2019 Mahashay Dharam Pal Gulati Delhi Trade and Industry 2019 Shantanu Narayen United States of America Trade and Industry

2020–2025