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|Died||Tololing, Kargil, Jammu and Kashmir, India|
|Allegiance||Republic of India|
|Years of service||1994-1999|
|Unit||2 Rajputana Rifles|
|Awards||Maha Vir Chakra|
Maj. Acharya was originally from Odisha and was a resident of Hyderabad, Andhra Pradesh. Acharya, was married to Charulatha, Acharya's father, Jagannath Acharya, was a retired wing commander of the Indian Air Force, during 1965 and 1971 wars with Pakistan. He is presently working with the Defence Research and Development Laboratories at Hyderabad. Maj. Acharya was survived by his parents, wife and daughter. Her daughter Aprajita Acharya is a NCC cadet
On 28 June 1999, in the battalion attack on the Tololing feature by the 2nd Rajputana Rifles, Major Padmapani Acharya as a Company Commander, was assigned the formidable task of capturing an enemy position which was heavily fortified and strongly held with mine fields and sweeping machine gun and artillery fire. Success of the battalion and brigade operation hinged on the early capture of this position. However the company attack almost faltered at the very beginning, when the enemy's artillery fire came down squarely on the leading platoon, inflicting large numbers of casualties. With utter disregard to his personal safety, Major Padmapani Acharya took the reserve platoon and led it through raining artillery shells.