Khan was charged with culpable homicide over the 2002 incident, where five homeless people including the victim were run over. Three were also seriously injured.
The actor had been on bail since October 25, 2002. The court found him guilty of culpable homicide not amounting to murder under section 304-II of the IPC for an act committed with knowledge that it could result in someone’s death.
All charges against him have been proven and a Times Now report stated that he was driving the car under the influence of alcohol.
Prosecutors accused Khan of slamming into the homeless people after losing control of his Toyota Land Cruiser following an evening spent drinking at an upmarket bar.
The actor claimed his driver had been driving at the time but a judge in the Mumbai court on Wednesday ruled Khan was behind the wheel and had been drinking before the crash.
His driver testified in court last month that he had been behind the wheel and crashed the vehicle because a tyre had burst, AFP reports.
The times of India says the verdict will be a huge blow for the film industry.
Khan also faces charges of negligent driving and causing grievous harm to the victims. Culpable homicide carries a maximum sentence of 10 years in prison. The 49-year-old can appeal the decision, meaning the case could drag on for years.
Khan has appeared in more than 80 Hindi-language movies during his 27-year career.
