The Padma Bhushan Award is being presented by the Government of India, since 1954. The award is ranked third amongst all the civilian awards in India, just behind the Bharat Ratna and Padma Vibhushan. The Government of India presents the award to the extremely talented and successful people of different fields in India and also in abroad. The main objective behind presenting the award is to recognise the great talents of the people and also to appreciate their extraordinary achievements. A total of 14 people won the Padma Bhushan Award in the year 1986.
A detailed list of the 1986 Padma Bhushan Awardees is given below:
| Name | Field | State | Country |
| Ustad Nasir Aminuddin Daggar | Arts | West Bengal | India |
| V.Srinivasa Raghavan Arunachalam | Civil Service | Delhi | India |
| Manohar Lal Chibbar | Civil Service | Delhi | India |
| Gulshan Lal Tandon | Civil Service | West Bengal | India |
| Rajeev Sethi | Civil Service | Delhi | India |
| Venkataraman Krishnamurthy | Civil Service | Delhi | India |
| Badri Nath Tandon | Medicine | Delhi | India |
| Pushpa Mittra Bhargava | Medicine | Andhra Pradesh | India |
| Jean Ribound | Public Affairs | - | France |
| Martand Singh | Public Affairs | Delhi | India |
| Ram Krishna Trivedi | Public Affairs | Uttar Pradesh | India |
| S. Dillon Ripley | Science & Engineering | United States | |
| C. Venkataraman Sundaram | Science & Engineering | Tamil Nadu | India |
| Ela Ramesh Bhatt | Social Work | Gujarat | India |
