The cast of the film, Shah Rukh Khan, Katrina Kaif and Anushka Sharma greeted the guests along with Yash Chopra's son Uday Chopra and wife Pamela.
"We are missing him every moment. I hope everyone enjoys the film. His legacy has been wonderfully celebrated," Shah Rukh said.
Memories of the late filmmaker filled the red carpet with posters from his pictures placed along the carpet.
Guests included the cream of the industry like Amitabh Bachchan with wife Jaya Bachchan, Abhishek Bachchan and Aishwarya Rai Bachchan, Aamir Khan with wife Kiran Rao, Karan Johar, Imran Khan, Rani Mukerji, Hrithik Roshan, Randhir Kapoor, Rajiv Kapoor, Anil Kapoor, Sonam Kapoor, Arjun Kapoor, Shahid Kapoor, Preity Zinta and Bipasha Basu.
"This is a celebration of Yash Chopra's life. He is still alive for me through his films, work, music. I am really looking forward to his film," Anil Kapoor said.
"He was the king of romance. This is a beautiful way to celebrate his life with love, happiness and remembrance," said Madhuri Dixit. "His films show romance for every age. Wish he was around to see this."
Sridevi, who had been the leading lady for Yash Chopra's Chandni said: "There are so many memories with him that it is endless of say. It is difficult to express. We will miss him."
Along with Amitabh and Jaya Bachchan, other veteran actors included Vinod Khanna, Dilip Kumar, Saira Banu and Jeetendra.
"We are excited to see the film. We thank the family for this premiere. Yashji would have liked this," Amitabh Bachchan