The winners are listed below:-
| Year | Director | Film |
| 1998 | Ram Gopal Varma | Satya |
| 1999 | Karan Johar | Kuch Kuch Hota Hai |
| 2001 | Rakesh Roshan | Kaho Naa... Pyaar Hai |
| 2002 | Ram Gopal Varma | Company |
| 2003 | Ram Gopal Varma | Bhoot |
| 2004 | Rajkumar Hirani | Munna Bhai MBBS |
| 2005 | Yash Chopra | Veer-Zaara |
| 2006 | Sanjay Leela Bhansali | Black |
| 2007 | Rajkumar Hirani | Lage Raho Munnabhai |