Remember that DVD players are generally inferior to CD players at playing audio CDs, ceteris paribus. So a DVD player and a CD player from the same company, at the same price point, the CD player will do a much better job at music. This said, the budget options for DVD players that play audio CDs well start probably with the Cambridge Audio DVD89. It is a 1080i upscaling DVD player that is also a very good CD player for the price. It is available for Rs. 10k. Moving up from there, there is the Cambridge Audio 540D, which is again a 1080i upscaling DVD player, but with a better DAC. This costs about 16k.
(THere is also a CA DVD99, 1080p upscaling and similar audio as the DVD89, this is for 14k).
The Oppo DVD players are very expensive in India, but from the reviews, the Oppo 980, available in the US for 170 USD (about 8500 INR), is an excellent audio CD player in addition to being a top-notch 1080p upscaling DVD player. So if you know someone coming down from the US, you can ask them to pick it up.