- Pavan K. Varma was conferred an Honorary Doctoral Degree for his contribution to the fields of diplomacy, literature, culture and aesthetics by the University of Indianapolis in 2005.
- Was honoured by the Kayastha Mahasabha as the Kayastha of the Year in 2007 and 2008.
- Was honoured with the Citizen of the Year Award by the Confederation of Indian Industries (CII, Kolkata) in 2006.
- Was awarded the Xavier Lifetime Achievement Award by St Xavier’s School, Delhi, in 2014 in recognition of his contribution in the field of diplomacy and literature.
- Was awarded the Distinguished Alumnus Award by St. Stephen’s College, Delhi, in 2015.
- Was conferred in December, 2012 Bhutan’s highest civilian award, the Druk Thuksey, by His Majesty The King of Bhutan.