BhagyashreeThipsay won National Women’s Chess Championship five times (1985, 1986, 1988, 1991 and 1994) and the Asian Women’s Championship in 1991. She won Gold in Commonwealth Women Chess in 1999 and Silver in 1991,1994 and 2001. She has also won Gold in Asian Zonal Chess in 1993 and 1995. She has represented India in nine Chess Olympiads. She won the title of International Woman Master by FIDE in 1986. Ms.Thipsay is also a recipient of Padmashree and Arjun Award in 1987 and Maharashtra Gaurav Puraskar in 1990.
She was honored with INDIAN WOMEN ACHIEVERS AWARD by the President of India on January 20, 2018 at New Delhi