Indian Rupee has won the Best Movie Award in the Kerala state film awards for the year 2011. Ivan Mekharoopan was chosen as the second best movie. Blessy got the Best Director award for his movie Pranayam. Salt N’ Pepper was chosen as the most popular movie. Dileep got the best actor award for his acting in Vellaripravintae Changathi. The film Salt N’ Pepper presented the best actress award to Shwetha Menon.
| Best Film | Indian Rupee |
| Best Second Film | Ivan Mekharoopan |
| Best Popular Film | Salt N Pepper |
| Best Actor | Dileep (Vellaripravinte Changathi) |
| Best Second Actor | Fahad Fazil (Akam, Chappakurisu) |
| Best Actress | Swetha Menon (Salt N’ Pepper) |
| Best Second Actress | Nilamboor Aysha (Oomakkuyil Padumbol) |
| Best Comedy Artist | Jagathy Sreekumar (Swapna Sanchari) |
| Best Baby Artist | Master Prajith (Aadimadyantham) Malavika Nair (Oormakkuyil Padumpol) |
| Best Director | Blessy (Pranayam) |
| Best New Director | Sherry (Adimathyantham) |
| Best Script | Bobby Sanjay(Traffic) |
| Best Cinematography | MJ Radhakrishan ( Aakashathinte niram) |
| Best Male Singer | Sudeep Kumar (Rathinirvedam) |
| Best Female Singer | Shreya Ghoshal (Rathinirvedam) |
| Best Classical singer | |
| Best Music Director | Sarath (Ivan Megharupan) |
| Best Lyrics | Sreekumaran Thampi [Naayika] |
| Best Background Music | Deepak Dev (Urumi) |
| Best Dubbing | |
| Best Editor | Vinod Sukumaran (Ivan Megharoopan) |
| Best Choreography | |
| Best Make up Man | |
| Best Lab | |
| Best Cinema Article | |
| Special Jury Mention | |
| Special Jury Awards | Dr. Biju (Akashathinte Niram) |