Vasu has won recognition for his work from the film fraternity and the state government. He won state awards for three years in a row from 1990, for Best Screenplay and Dialogues in Nadigan, in 1991 as Best Director in Chinna Thambi. He was awarded the Filmfare award for Best Direction for the movie Apthamitra. He also won the Tamil Nadu State Film Honorary Award – J. Jayalalithaa Award in 2002. He was awarded the Kalaimaamani Award in 2004, reminiscent of his father Shri M. Peethambaram who was an awardee for Best make-up.
