 In 2019, the family members of Devan, primarily his daughters and grandchildren, as a commemoration of Devan’s art and legacy, initiated the ‘M V Devan Puraskaram’ - an award in Devan’s name.It was envisaged to render recognition to exemplary icons in the field of visual arts.The primary M V Devan Puraskaram was presented to artist NKP Muthukoya on 29 April 2019, the death anniversary of Devan.