Former Bengal Governor Gopalkrishna Gandhi had been picked by 18 opposition parties to be their nominee for the post of vice-president.
Altogether 771 of the 785 votes were cast out of which 11 were declared invalid.
As per the norms, Members of both Houses of Parliament vote in the vice-presidential election through secret ballot and no whip is allowed.
The voting began at 10 am Saturday and will go on till 5 pm in the evening.
Congress President Sonia Gandhi has extended best wishes to the Vice President elect, Mr Venkaiah Naidu.
Naidu yet again kicked up a political storm when he said seeking loan waivers had become a "fashion".
Known for coining acronyms, Naidu termed the mission of the Modi Government as "MODI- Making of Developed India" which had become the official line of the Centre in its public outreach campaign on the occasion of three years of being in office. Naidu held the Ministry of Information and Broadcasting and Urban Affairs in the Modi Cabinet and has also served as the minister of parliamentary affairs. Of Course, he is the Ex-officio chairperson of Rajya Sabha.
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Venkaiah Naidu was born on July 1, 1949, in Andhra Pradesh's Nellore district.
Serving various organisational posts in the party, he was elected to the Rajya Sabha from Karnataka in 1998.
Fourth, Naidu has a long experience of the Upper House as he has been a fourth-term Rajya Sabha MP from Rajasthan.
Gopalkrishna Gandhi congratulated Naidu on his victory and at the same time said that the votes he secured were an affirmation of "the right to free thought and speech". Naidu was a fire fighter for the Prime Minister, defending him on several issues.
His skills made the most of him and he fought his first election to victory from Udayagiri constituency in the 1978 Andhra Pradesh assembly election.
While addressing the meeting, the Prime Minister said that the way in which five years before independence had a radical change, the country got freedom.
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