Dr. P. Raghu Ram presented Prof. P.V. Chalapathi Rao Gold Medal, instituted in his father's name for the year 2018 to Syeda Asifa who scored 446/500 marks - best outgoing Postgraduate Student in General Surgery from Osmania Medical College at a function organised by Osmania Medical College Alumni Association.
Dr. Raghu Ram set up a corpus fund in his father, Dr. Chalapathi Rao's name. The interest generated is being used annually to award the best outgoing undergraduate Student in Surgery (MBBS final year) @ Gandhi Medical College and best outgoing Postgraduate Student (MS) in Gen Surgery @ Osmania Medical College .

These two Colleges were chosen as Dr. Chalapathi Rao served in both these premier Institutions as Professor of Surgery for 16 years from 1967 - 1983