Sreejsh beat competition from sport climber Alberto Gins Lpez of Spain and Italy's wushu player Michele Giordano for the award.
The 27-year-old midfielder is first from the country to win the accolade since the awards were introduced in 1999.
Harmanpreet Singh won the men's Player of the Year award and Gurjit Kaur was recognised as the best player in the women's section. Veteran P R Sreejesh and Savita Punia won the best goalkeeper awards in the men's and women's section, while young striker Sharmila Devi (women) and Vivek Sagar Prasad (men) were adjudged best rising stars.
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