He polled 21 votes to the five of Shyam Singh Yadav, his only rival.
The 43-year-old Singh, who represents Punjab in NRAI's governing body, is an active trap shooter and has also participated in International Shooting Sport Federation (ISSF) World Cups and National Championships.
Vice-president Avtar Singh Sethi had been serving as interim President of NRAI ever since the late Digvijay Singh stepped down following a Supreme Court directive just before the Commonwealth Shooting Championships in February.
Following the Supreme Court's directive to the NRAI to go back to the Delhi High Court on the issue of its office-bearers holding more than two terms in office, the Federation had named Sethi as the interim President.
Shooting is India's strongest international Olympic sport and offers probably their best opportunity of success at London 2012.
They won a record 30 medals at last year's Commonwealth Games in New Delhi, including 14 gold.
The sport also provided India with its first ever individual Olympic gold medallist in Beijing in 2008 when Abhinav Bindra won the men's 10 metre air rifle event.