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Voltage/frequency (V/f) drive of a three-phase induction motor plays a crucial role in a flour mill for energy saving. Wheat consumption in India is increasing day by day, which reached 105,000 metric ton (MT) in 2021. India's high wheat consumption and production increase flour mills. Thus, energy efficiency in a flour mill is a must in the present situation. Hence, V/f drives are widely used in flour mills. Apart from the advantages of V/f drive, electronic circuits in a drive induce harmonics in a power system. Power quality plays a vital role in a modern power system. Harmonics by V/f drive increase the current consumption, causing increased losses, cable overheating, and motor overheating, which necessitates a filter for harmonic mitigation. In this paper, an artificial neural network controller-based hybrid power filter is proposed for harmonic mitigation. A hybrid power filter (HPF) is presented to overcome the problems and achieve the active and passive power filter's benefits. Harmonic mitigation of the proposed hybrid power filter is compared with the passive and active filter-based drives. This paper analyzes harmonic mitigation for three-phase induction motors with V/f drive installed in a 300-ton/day wheat flour mill's purifier fan. The performance of the suggested system is analyzed under various speeds in the aspects of harmonic mitigation, reduction in current consumption, and energy saving using various filters. The entire system is developed and analyzed using MATLAB/Simulink. Energy saving is increased by around 10.97 kWh per year by HPF by means of reducing harmonics and current consumption compared to an active power filter, while it is increased by around 28.16 kWh/year compared to a passive power filter. Along with the harmonic mitigation, energy saving is also validated for various filters under various speeds. [ABSTRACT FROM AUTHOR]