This award comprising of a cash prize of Rs.6000.00 and a memento was instituted in 1994- the birth centenary year of Narayan Sitaram Phadke. The award is given away every year on the 4th of August- the day of birth of Narayan Sitaram Phadke – remembered by all the Marathi speaking people as Naasiphadke.
1995 Mrs.Anuradha
Vaidya
Madhyam
1996 Anant Samant
Trimakasi Madame
1997 Sanjay
Joshi
Nachiketache Upakhyan

1998
1999 Mrs
Asha Kardale
Videsh
2000 Parashuram Deshpande Betveteel Pratibimbe
2001 Bharat Sasane Dur Tethe, Dur Tenva
2002 Vilasdatta Raut Chaukhoor
2003 Dr. Pratima Ingole
Part Time
2004 Vasant Narhar Phene
Vishwabhare Bolwile
Every year an appeal is made to the publisher’s of Marathi Novels to send their publications for consideration for the award and the best among the entries receives the award. In 1998 the award was not given as none of the entries were found worthy of the award.
Sanjay Bhaskar Joshi, the author of ‘Nachiketache Upakhyaan’ is a writer by hobby and a successful executive in corporate world. Working as a General Manager in a multinational company, he has long experience of corporate world, which is all poured in his very first novel ‘Nachiketache Upakhyaan’.
This novel won various literary awards, including Best novel award by the Maharashtra State Government. With this very novel Sanjay Joshi has started his proposed sequal of four novels called ‘Upakhyaan Chaurang’, second and third novels in this ‘chaurang’ are already published in the name ‘Renuka Mrunaalchi Upakhyaane’. This Chaurang will be complete with the fourth novel ‘Achchyutche Upakhyaan’, soon to be published by Majestic Publication.
Sanjay Joshi is attempting to search for goal and interpretation of ‘Meaningful Life’ through this chaurang. Is it ‘materialism’ ? (Nachiket) or ‘pure love’ ? (renuka) or ‘Spirituality’ (Mrunaal) or what it is ? These are the basic questions, Sanjay Joshi is attempting. And all this through a fast moving plot of Nachiket’s breakneck life in industrial world. Nachiketache Upakhyaan was unanimously praised by critics and readers at large, and deservingly won the prestigious ‘Naa. Si. Phadke’ award for best novel.