The prize was established on 26 January 1950 (India's Republic Day), as the President of India, with effect from 15 August 1947 (Independence Day) may be awarded to officers or enlisted personnel from all branches of the Indian military for their bravery. The second highest award of the Indian government after Bharat ratna). Allocation of decoration carries with it the right to use PVC as a post nominal abbreviation. 
Cash compensation also distributed to the recipients for persons under the rank of lieutenant (equivalent to their service) on the death of the beneficiary, that pension is transferred to his widow until her death or remarriage. By March 1999, fellowship at Rs. 1500 per month granted, in addition, many states have recognized individual pension rewards. 
 Subedar Major Bana Singh of the Eighth Jammu and Kashmir Light Infantry was the only serving personnel of the Indian Defense business with a Param Vir Chakra until the Kargil operations. Most of them awarded posthumously. 
The medal was designed by Savitri Khanolkar, which is a circular bronze disc with a 1-3/8 inch (about 3.5 cm) diameter raised circle, the state emblem. About this, four replicas of Indra Vajra's (Almighty mythical weapons of the ancient Vedic King of Gods). Ornament is suspended from a straight bar and the name of the edge. Words Param Vir Chakra are written in Hindi and English. The band includes Param Vir Chakra is 32 mm long and purple. 
The awardees of PVC are listed below: 
Major Somnath Sharmna 
Lance Naik Karam Singh 
 II Lt Rama Raghoba Rane 
 Naik Jadu Nath Singh 
 Comnpany Havildar Major Piru Singh 
 Captain Gurbachan Singh Salana 
 Major Dhan Singh Thapa 
 Subedar Singh Jogindar 
 Major shaitan Singh 
 Havildar Abdul Hamid 
 Lt. Col. Ardeshir Burzorji Tarapore 
 Lance Naik Albert Ekka 
 Flying Officer Nirmaljit Singh Sekhon 
 II Lt Arun Khetarpal 
 Major Hoshiar Singh 
 Naib Subedar Bana Singh 
 Major Ramasamy Parmeshwaran 
 Lt. Gen. Kumar Pandey 
 Gren Dier Yogendra Singh Yadav 
Rifleman Sanjay Kumar 
 Captain Vikram Batra

 
 
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