BVG India: Leading the Way in Facilities Management and Growth

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About the Company

BVG India has a rich history dating back to 1993 when Mr. Hanmantrao Ramdas Gaikwad established Bharat Vikas Pratishthan with the aim of empowering rural youth. Initially focusing on small projects, such as assisting Tata Motors, BVG India steadily grew into a full-fledged company by 1997. Under Mr. Gaikwad’s leadership, BVG India’s commitment to excellence and willingness to undertake diverse projects propelled its success. Winning prestigious contracts, including the mechanized cleaning of Rashtrapati Bhavan and serving esteemed clients like Mahindra, Volkswagen, and Hyundai, further solidified BVG India’s reputation. Today, with a workforce exceeding 55,000 employees, BVG India continues to expand its footprint across various sectors, such as waste management and renewable energy, contributing significantly to the nation’s development.

Overview: BVG India Limited offers a wide range of facilities management services including housekeeping, cleaning, maintenance, waste management, pest control, civil engineering, landscaping, and attendant services to clients across India.

Company NameBharat Vikash Group India Limited
Company TypeUnlisted Public Company
IndustryBusiness Service
HeadquartersPune, Maharashtra, India

Services Offered by BVG India

With a robust and dedicated team of thorough professionals, BVG India offers a comprehensive range of services and solutions to meet diverse needs. Our offerings include:

  1. Mechanized Housekeeping: Implementing advanced cleaning techniques and technologies to maintain clean and hygienic environments in various settings.
  2. Landscaping & Gardening: Creating aesthetically pleasing outdoor spaces through expert landscaping and gardening services, enhancing the overall ambiance and appeal.
  3. Logistics & Transportation: Providing efficient and reliable logistics and transportation solutions to ensure seamless movement of goods and materials.
  4. Civil & Electrical: Undertaking civil and electrical projects with precision and expertise, ranging from construction and maintenance to electrical installations and repairs.
  5. And More: In addition to the above, BVG India offers a range of other services and solutions tailored to meet the specific requirements of our clients, all delivered with the highest standards of professionalism and quality assurance.

Management of the Company

Hanmantrao Ramdas Gaikwad: Chairman and Managing Director

Hanmantrao Ramdas Gaikwad is the Chairman and Managing Director of BVG India Ltd. He holds a bachelor’s degree of engineering from Vishwakarma Institute of Technology, Pune. He has over 27 years of experience in business and was previously associated with Bharat Vikas Prathisthan as its chairman and trustee from August 12, 1994 till March 20, 2002. He has been awarded the Bharat Ratna J.R.D Tata Udyog Ratna Award by the Maharashtra Rajya Ayodogik Vikas Parisad, Pune and the Maxell Award in 2016.

Mr. Umesh G Mane: Non Executive Director

Umesh Gautam Mane is the Non-Executive Director of BVG India. He holds a bachelor’s degree in commerce from Shivaji University, Kolhapur. He has 28+ years of experience in business and was previously associated with Bharat Vikas Prathisthan from 1994 till 2002 and has played an instrumental role in executing the projects handled by Bharat Vikas Prathisthan.

Dr. Swapnali D. Gaikwad: Non Executive Director

Swapnali Dattatraya Gaikwad is a non-executive Director of BVG India Limited. She holds a bachelor’s degree in ayurvedic medicine & surgery (ayurvedacharya) from the University of Pune and a post graduate diploma in hospital & health care management from Symbiosis Centre of Health Care, Pune. She has more than 14 years of experience which includes 10 years of experience in the field of medicine. She is a registered medical practitioner with the Maharashtra Council of Indian Medicine.

BVG India Limited: Vision and Mission


Their aspiration is to establish themselves as a globally recognized brand, known for being the largest integrated services company in India. They aim to achieve this by offering a diverse range of services that surpass the expectations of their clients while also contributing significantly to the development of their employees, communities, and rural India.


Their mission is to empower their customers to focus on their core business activities by serving as their preferred partner for all non-core functions. They are committed to delivering the highest quality services, incorporating the latest systems and technology to provide value addition at every step. Furthermore, they uphold stringent standards of ethics and social responsibility in all their endeavors.

Business Overview

BVG India Limited’s journey in recent years has been transformative, focusing on strengthening core business platforms to drive future growth. In FY23, the company’s key priorities remained enhancing customer service, fostering employee engagement, and bolstering cash flow. Today, the company stand as one of India’s leading facilities management businesses, committed to maximizing the potential of each core business area while also making positive contributions to the environment and society. During the fiscal year, they reevaluated their diverse services and implemented a strategic approach by organizing them into four distinct platforms: Asset Management and Maintenance, Care and Custody, Environmental Services, and Specialized Services. BVG India Limited secured contracts with 440 new clients, generating INR 1624 million in revenue in FY23, with 79% coming from private clients. Notable wins include Adani Airport, Chennai Metro, IIITD, and Essel World, among others.

BVG India Limited: Future Outlook

  1. Capitalizing on Opportunities:
    • BVG aims to capitalize on the opportunities presented by the rapid growth of the Indian economy in FY 2023–24.
    • RBI policies have contributed to curbing inflation, providing an optimistic economic outlook for the future.
  2. Investment and Preparedness:
    • The company is investing in capacity enhancement, technology adoption, process upgrades, and talent acquisition to prepare for future challenges.
    • Operational excellence remains a priority for BVG, expected to drive continued success.
  3. Positive Start to FY 2023-24:
    • FY 2023-24 has commenced positively for BVG, with a healthy pipeline and robust order bookings.
    • BVG’s major focus will be on Environmental Services, particularly in accelerating customers’ Net Zero Journey as part of their ESG initiatives.
  4. Strategic Growth Approach:
    • Wins in Solar EPC, EV depot, and charging infrastructure management highlight BVG’s strategic growth approach.
    • BVG is strengthening its Contract Management System through a robust and disciplined bidding mechanism.
  5. Margin Improvement Initiatives:
    • Ongoing initiatives to improve margins include supply chain rationalization, labor efficiency, and overhead cost optimization.
  6. Promising Year Ahead:
    • The positive outlook for the new financial year positions BVG for a promising year ahead.
    • The company remains committed to operating within a self-sustained ecosystem, with a focus on promoting a sustainable environment based on principles of equity, diversity, and inclusion.


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Awards and Recognitions:

  • Received the Maharashtrachi Girishikhare award from Maharashtra Governor Bhagat Singh Koshyari.
  • Honored with the National Positivity Award by Dr. Dnyaneshwar Mulay, IFS, Former Secretary, Ministry of External Affairs, Government of India.
  • Recognized at the Lokmat Maharashtrian of the Year Award ceremony in December 2011, with the award presented by Smt. Rajashree Birla.
  • Received the Saturday Club Global Trust Business Excellence Award in Mumbai in January 2012.

BVG India Limited: Empowering Through Apprenticeship & Skills Programs

National Apprenticeship Promotion Scheme (NAPS):

  • Govt. scheme mandates apprenticeship for firms with over 30 employees.
  • BVG India Ltd is authorized under NAPS, helping industries save costs.

National Apprenticeship Training Scheme (NATS):

  • One-year program enhancing technical skills.
  • BVG India Ltd is an authorized establishment under NATS.

Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY):

  • Empowers rural youth with vocational training.
  • BVG India serves as Project Implementing Agency (PIA) in multiple states.

Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM):

  • Reduces urban poverty through skill training.
  • BVG India is the Project Implementing Agency (PIA) with training centers in Madhya Pradesh.

Sebi Returns IPO Papers of BVG India: Impact on Growth Strategy

The Securities and Exchange Board of India (Sebi) has returned the draft IPO papers of BVG India Ltd on March 2022. BVG India had filed its papers in September 2021 to raise funds through an IPO, comprising fresh issue of equity shares and an offer-for-sale. This setback highlights the challenges in the IPO process for both companies. BVG India, as an integrated services company, faces delays in accessing capital markets, potentially affecting its expansion plans and financial objectives.

BVG India Limited Secures 100-MW Solar Project Contract from Satluj Jal Vidyut Nigam

As of April 2023, BVG India Limited has secured a significant contract from Satluj Jal Vidyut Nigam SJVN for the Balance of System (BOS) Package concerning a 100 MW Solar Project in Punjab. The awarded contract holds a substantial value of Rs 132.64 crores. This development marks a noteworthy achievement for BVG India Limited, further solidifying its position in the renewable energy sector. The project underscores BVG’s commitment to sustainable solutions and reinforces its capabilities in executing large-scale solar initiatives. With this endeavor, BVG India Limited is poised to contribute significantly to the renewable energy landscape while demonstrating its expertise in delivering high-impact projects.

BVG India to Enhance Operations at Kilambakkam Bus Terminus in Chennai

On December 2023 Chennai Metropolitan Development Authority appoints BVG India Pvt Ltd to operate Kilambakkam bus terminus in Chennai, enhancing services and maintenance standards. Revenue from shops and other sources will fund maintenance, reflecting BVG India’s expertise in facility management.

BVG India Limited Share Price (as on 26.02.2024)

  • The BVG India Limited Share Price (buy price) varies based on quantity, ranging from 250  for quantities between 10 – 35 shares to 235 for quantities between 401 – 787 shares, with corresponding rates per share.
  • The 52-week high is 1340, and the 52-week low is 235 indicating the range of fluctuations in the share price. Additionally, the sell price of BVG India Ltd is fixed at 175.

Currently, BVG India Limited Share Price is trading around Rs. 240/Share. CLICK HERE to Invest.

Financial Metrics for BVG India Limited (as on 26.02.2024)

Price to Earning Ratio (P/E)41.59
Price to Sales Ratio (P/S)2.27
Price to Book Value (P/B)4.84
Industry PE0
Face Value₹ 2
Book Value₹ 48.52
Market Cap₹3779.37 Cr
Dividend Yield1.06 %

Shareholdings of BVG India Limited

Shareholding Above 5%Holding %
Hanmantrao R Gaikwad52.41 
Strategic Investments FM Mauritius Alpha Ltd21.89
Umesh G Mane7.58


₹(in crores)

ParticularsFY 2023FY 2022FY 2021
Total Income2318.682045.541674.58
Profit After Tax127.68120.5290.02
Earning per share48.7546.5635.05

In FY 2023, the company’s total income rose to Rs. 2318.68 crore, with a profit after tax of Rs. 127.68 crore and earnings per share of Rs. 48.75. This marks significant growth compared to previous years.


  • BVG India has emerged as a prominent facilities management company in India, with a robust history dating back to 1993.
  • Under the leadership of Mr. Hanmantrao Ramdas Gaikwad, the company has grown steadily, undertaking diverse projects and winning prestigious contracts.
  • BVG India’s services encompass a wide range of offerings, including mechanized housekeeping, landscaping, logistics, civil engineering, and more.
  • Currently, BVG India Limited Share Price is trading around Rs. 240/Share.
  • The company’s management team comprises experienced professionals like Mr. Gaikwad, Mr. Umesh G Mane, and Dr. Swapnali D. Gaikwad.
  • BVG India’s vision is to become a globally recognized brand and contribute significantly to India’s development.
  • The future outlook for BVG India is positive, with plans to capitalize on opportunities in the Indian economy and enhance operational excellence.
  • Notable recent achievements include securing contracts like the 100 MW Solar Project and being appointed to operate the Kilambakkam bus terminus in Chennai.
  • Financially, BVG India has demonstrated steady growth, with increasing total income and profitability over the years.
  • Despite challenges such as delays in the IPO process, BVG India remains resilient and poised for continued success in the future.

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