He received his education at the Frank Anthony Public School, Bangalore and completed his bachelor's degree in Commerce from Sri Bhagawan Mahaveer Jain College.

[8] On 14 August 2014, Advani helped win the first ever World Team Billiards Championship held in Glasgow, Scotland, along with Rupesh Shah, Devendra Joshi and Ashok Shandilya.

On 2 February 2017, Pankaj Advani won his 29th National Championship Title at the PYC Hindu Gymkhana in Pune, India.

He defeated Craig Steadman 6–1, six-time world champion Steve Davis 6–5 (after being 1–4 down),[13] Alan McManus 6–3 and Michael Holt 6–4 to reach the venue stage for the first time.

[8] He also reached the semi-finals of the minor ranking European Tour Event 1, beating four-time world champion John Higgins 4–1 along the way.

[16] At the 2013 Welsh Open, he became the first Indian player to reach the quarter-final stage of a ranking event with a 4–1 win over Graeme Dott in the last 16,[17] but lost 2–5 to Judd Trump.

[20] The 2013–14 season saw the introduction of a ranking event in Advani's home country of India for the first time which he qualified for by beating Matthew Selt 4–0.

[21] His match with Allen finished at 11 pm local time, with Advani back in last 16 action at 10 am the next morning to play Stuart Bingham.

Advani played compatriot Aditya Mehta in the quarter-finals in an iconic match in Indian snooker as the winner would be the country's first ranking event semi-finalist.

[23] His best run in a ranking event during the rest of the season was at the World Open, where he narrowly beat Xiao Guodong 5–4 to set up a last 32 meeting with Ding Junhui.

[26] Advani didn't enter any tournaments until September 2014, when he announced that he was relinquishing his snooker tour card to concentrate on his billiards career and spend more time with his family.

[29] In the same tournament, Advani sailed to the semi-finals of the World Amateur Snooker Championship where he lost to Thailand's Kritsanut Lertsattayathorn.