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The 34-year-old actress and model outvoted the other 15 finalists selected from the contestants chosen during each Indian Premier League game.
The 24-year-old Business Marketing graduate Genna Cloud was named First Princess, while Dunay Nortje was adjudged the Second Princess.
Kossatz received a specially made crown with gold, silver and diamonds encrusted on it with other precious stones from former Miss Universe Michelle McLean of South Africa.
“I think it’s really great! I think we should all stick together and love one another and be respectful and tolerant of each other,” said Kossatz, who expressed her desire to learn Hindi, after winning the crown.
Kossatz, who represented the Chennai Super Kings, said she was disappointed with her team losing in the semifinal against Royal Challengers Bangalore Saturday night.