His creative works and love for Cinema urged him to publish a book "Udyogastha Muthal" in 2010 where he penned his life and experience as a filmmaker. In 2005 "Kerala Film Critics Association" bestowed him with the "Kala Prathiba ‘Icon of Creative Arts" Award for his film-making, creativity and contributions to the Malayalam Cinema industry. "Parinamam" ("The Change") an NFDC film released in 2003 directed by Venu, tackles the age old issue of loneliness and redundancy among the aged. Balakrishna Marar played by Madampu Kunjukuttan, faces callous treatment from his family after his retirement. Parallel to his story is that of the mentally disturbed and lonely former judge Damodaran Nambeeshan played by Nedumudi Venu, who goes to Kashi in search of peace. There are five other senior citizens whose problems form the basis of the film. The story revolves around the lives of these characters, who lose everything they hold dear, feel rejected, and develop a feeling of being a burden on their respective families and society. The film was shown in 2003 in the "Malayalam Film Festival" Dubai, Chennai International Film Festival, and the "Indian Panorama Film Festival". The film was selected at the Cannes, 2004. In 2005, the film won the Best Screenplay Award at "Ashdod International Film Festival" held in Israel. In the year 2012-13 "Parinamam" ("The Change") was one of the film NFDC India released under the brand "Cinemas of India" along with highly acclaimed title, "Gandhi" by Richard Attenborough and "Train to Pakistan" by Pamela Rooks. "Parinamam (The Change)" has been recently showcased in the "Indian Film Festival" in Budapest (7–12 February 2014), celebrating the 100 years of Indian Cinema and was also the first Malayalam film to be shown in Hungary with Hungarian sub-titles. "Parinamam" ("The Change") has been showcased in "The XXX International Festival Sarajevo", celebrating the 30th anniversary of "Sarajevo Winter 2014" in the capital of Bosnia and Herzegovina (7–21 Feb March 2014), held under the motto "Peace, Art, Freedom". Venu died due to cardiac arrest on 25 May 2011 at his residence in Shenoy Nagar, Chennai, Tamil Nadu. His body was cremated at Cheruthuruthy on the banks of Bharathapuzha, Shornur, Kerala.