An award for a research scholar in Chemistry has been initiated by the family in memory of Prof. P Ganguly, at his alumnus, Loyola College, Chennai in 2017.

The first award was awarded in 2017, marking the year Prof. P Ganguly would have turned 75, and the award will continue annually henceforth.

The first award of Rs 50,000/- was presented by Mrs. Lalitha Ganguly on 2nd October, 2017 to Mr. A Nityakumar.