Verma shot a phenomenal bogey-free eight-under-62 to take the clubhouse lead at the Lidder Valley Golf Course.
Chandigarh's Harendra Gupta and Sri Lankan K Prabagaran were in joint second with scores of six-under-64.
Play was suspended at 3:40 pm local time due to heavy rain. Sixty-five players out of a total of 125 had completed their rounds when play was suspended. The 60 players yet to complete round one, will resume play at 8 am on Thursday.
K Prabagaran made an eagle, five birdies and a bogey in his opening round to be joint second with Harendra Gupta who produced seven birdies and a bogey in round one.
Indian star Jyoti Randhawa shot a score of five-under-65 to be tied fourth along with another seasoned professional Mukesh Kumar of Mhow. Gurgaon-based Arshdeep Tiwana, Bangalore's Khalin Joshi and Om Prakash Chouhan of Mhow joined Randhawa and Mukesh in joint fourth place.
Randhawa, playing his first event of the 2014 PGTI season, got off to a rousing start with a bogey-free five-under-65.
Leading Scores on day 1:
62: Pawan Verma
64: Harendra Gupta, K Prabagaran
65: Mukesh Kumar, Jyoti Randhawa, Om Prakash Chouhan, Khalin Joshi, Arshdeep Tiwana.
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