- The Sathyan Memorial Award, named after him, was instituted by the Kerala Cultural Forum, and carries with it a cash prize of Rs 10,001, a plaque and citation.
- Won the Kerala State Award for Best Actor in 1969 and again in 1971 for Karakanakadal (1971).
- After the war he joined the Travancore state police as an inspector in late 1940s. During this time he got interested in acting and acted in amateur stage plays. He made his debut film in 1952 film Athmasakhi and rose to stardom with the critically acclaimed film Neelakuyil in 1954.
- He is respectfully called Sathyan Master.
- Sathyan passed the Vidwan exam, equivalent to Master of Arts before joining St. Joseph's Higher Secondary School, Trivandrum as a teacher. After some time, he got job as a clerk in the Kerala Secretariat and worked there for about a year.
- Known for his own style and versatility in acting, Satyan was one of the pioneers of realistic acting in Indian film industry.
- He was also a soldier in the British Indian Army and later a police officer with the Travancore State Police.
- There is a Sathyan Memorial Art Gallery in Thiruvananthapuram.
- He dominated the Malayalam film industry over two decades ( 1952 - 1971) along with his contemporary Prem Nazir.
- Sathyan won the first Kerala State Film Award for Best Actor in 1969 for the double role in Kadalpalam.
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