It is the first time the Master Blaster won the Sir Garfield Sobers trophy.
Tendulkar also won the inaugural People's choice award, a new category, where fans vote for their favourite players on the ICC website.
Virender Sehwag [ Images ] was the other Indian on the honours list, taking the Test Player of the Year award.
England's [ Images ] Steven Finn won the Emerging Player of the Year award.
Legendary West Indies [ Images ] cricketers Joel Garner and Courtney Walsh [ Images ] were inducted to the ICC Hall of Fame along with Rachael Hayhoe-Flint, the latter becoming the first ever woman to be inducted to the elite group.
Roll of honour:
The Cricketer of the Year: Sachin Tendulkar (India [ Images ])
Test Player of the Year: Virender Sehwag (India)
ODI Player of the Year: AB de Villierss (South Africa)
Emerging Player: Steven Finn (England)
Associate and Affiliate Player of the Year: Ryan ten Doeschate
Women's Cricketer of the Year: Shelley Nitschke (Australia)
Umpire of the Year: Aleem Dar (Pakistan)
Spirit of Cricket: New Zealand
People's choice Award: Sachin Tendulkar (India)
Hall of Fame inductees: Bishan Singh Bedi [ Images ] (India), Joel Garner (West Indies), Courtney Walsh (West Indies), Rachel Heyhoe-Flint (England).