The film fraternity in India is reaping the benefits of the seeds sown by Dadasaheb Phalke. The film industry has become an extension of the Indian culture commanding a massive fan-following all over the country. The financial stakes too are staggering with films being made with high budgets and actors drawing hefty pay packages.
The Dadasaheb Phalke Award, for lifetime contribution to cinema, was instituted in his honor by the Government of India in 1969. The award one of the most prestigious awards in Indian cinema and is the highest official recognition for film personalities in the country.
Starting with his debut film, Raja Harishchandra in 1913, now known as India's first full-length feature, he made 95 movies and 26 short films in his career spanning 19 years, till 1937, including his most noted works: Mohini Bhasmasur (1913), Satyavan Savitri (1914), Lanka Dahan (1917), Shri Krishna Janma (1918) and Kaliya Mardan (1919).
A postage stamp was released by India Post to honor him in 1971.