Left-handed opener Gautam Gambhir walked away with the Match-Winning Innings of the Year honour for his superb 97 in the World Cup final against Sri Lanka on April 2 at the Wankhede Stadium.
England batsman Jonathan Trott picked up two awards - International Cricketer of the Year, as well as Batsman of the Year honours while his teammate and swing bowler James Anderson got the International Bowler of the Year award on the east lawns of the Cricket Club of India.
Two other Indian stalwart batsmen - explosive opener Virender Sehwag and wrist-magician VVS Laxman - were honoured with special awards for completing 10 years in international cricket and for their huge contribution to Indian cricket.
Former West Indian fast-bowler Courtney Walsh won the Lifetime Achievement Award for the 2010-11 season.
The awards were based on their performances as rated by Ceat Cricket Ratings for 2010-11.
All the nine award winners were present in person to receive the awards worth Rs 5 lakh each and a trophy.
International Cricketer of the Year - Jonathan Trott (England)
International Batsman of the year - Jonathan Trott (England)
International Bowler of the year - James Anderson (England)
International Youngster of the year - Virat Kohli (India)
International T20 player of the year - Suresh Raina (India)
Lifetime Achievement Award 2010-2011 - Courtney Walsh (West Indies)
Match-winning Inning of the Year - Gautam Gambhir (India)
Special Award for completing 10 years in international cricket - Virender Sehwag (India)
Special Award for contribution to Indian cricket - VVS Laxman.
Kohli, after receiving the award, said, he was eager to grab the opportunity he has been provided with (by the selectors) and do well in Test cricket.
"Test cricket is one form of the game I want to do well. I have got the opportunity to do well in Tests and I want to grab it," said Kohli, who is from Delhi.
Asked how he could play at a rapid-fire rate even in Tests, Sehwag gave credit to the time he grew up playing ten-over cricket back home.
"I was playing ten over games, when I started and there you have to make runs very quickly. That's why, I try to score-off every ball, but on merit. I also try to sing a song when I bat and my favourite song is 'Chala Jaata Hoon' (of Kishore Kumar from the film 'Mere Jeevan Sathi')," he said.
Asked by former captain Sunil Gavasakar how calm and composed no. 3 Rahul Dravid is, when Sehwag blazes away at the crease, Laxman said he gets "excited".
"He walks up and down, he's a little bit tense, but is also excited, but cool," said Laxman.
"Sehwag is extremely talented and his mindset is always positive, whatever be the situation," he added while praising the swashbuckling opener.