Ms. Ratan Shastri (Founder, Banasthali Vidyapith, Rajasthan) received the Jamnalal Bajaj Award for Development & Welfare of Women and Children (1990) at the Jamnalal Bajaj Awards 1990, held on 2nd November, 1990 at 5:00 pm at Nehru Centre Auditorium, in Mumbai.