1991: awarded the Padma Bhushan for his contribution to the emergence of the private healthcare sector and his role in bringing about several regulatory changes.
1992: invited by the Government of India as a member of the working group on health financing and management constituted by the steering committee for the 8th Five Year plan in the Planning Commission.
1993 – 94: awarded the Mother St Teresa’s ‘Citizen of the Year’ Award.
1996: The Harvard Business School published a case study on the pioneering efforts of Reddy and the achievements of Apollo Hospitals.
Nominated by Business India as one of the Top Fifty personalities who have made a difference to the country in the fifty years since Independence.
1998: Sir Nilrattan Sircar Memorial Oration Award for medical excellence by JIMA.
2001: The Ernst & Young ‘Entrepreneur of the Year’
Fellowship AD hominem by the Royal College of Surgeons of Edinburgh.
2002: The Lifetime Achievement Award by Hospimedica International.
2005: ‘Asia – Pacific Bio leadership Award’, the first in a series of regional and global bio-business leadership awards given out by the University of Southern California’s Marshall School of Business.
2005–2006: Member of the Indo – US CEO’s team nominated by the Prime Minister.
2006–2007: Modern Medicare Excellence Award by the ICICI Group to honour Reddy’s outstanding achievements in the healthcare industry.
2007–2009: Appointed Chairman of the CII National Healthcare Committee.
The Government of India honoured the pioneering spirit of the Apollo Hospitals Group with the release of a postage stamp in November 2009.