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The Param Vir Chakra was introduced on January 26, 1950, on the first Republic Day with retrospective effect from 15 August 1947. Literally, Param Vir Chakra means ‘ Wheel (or Cross) of the Ultimate Brave’. It can be awarded posthumously. Learn about the Param Vir Chakra , India's highest military decoration, awarded for distinguished acts of valor during wartime. See the list of 21 recipients, their units, conflicts, dates, and places of action. The Param Vir Chakra is India’s highest wartime gallantry award, given to officers and enlisted personnel across all branches of the Indian Armed Forces. It recognizes acts of the utmost valor and selflessness in the presence of the enemy, whether on land, at sea, or in the air. Instituted in January 1950, with retroactive effect from August 15, 1947, the medal is crafted from bronze and can be awarded posthumously. The Param Vir Chakra is India's equivalent to the Victoria Cross in the ... Design of the Medal and RibbonMedal. Circular in shape, made of bronze, one and three eighth inches in diameter and on obverse four replicas of ‘Indra’s Vajra’ with the State Emblem (including the motto) embossed in the centre. On its reverse, it shall have embossed Param Vir Chakra both in Hindi and English with two lotus flowers between Hindi and English. The fitting will be swivel mounting.