Facility Management Services • Integrated facility management

BVG India Limited provides integrated facility management (IFM) services. In simple words, it cleans, maintains and runs large buildings and public spaces for other organisations. Its services cover soft services, hard services and specialised services. It also runs emergency response services for medical and police emergencies, and environment and sustainability services. The company describes itself as the largest IFM services provider in India, citing the Frost & Sullivan report in its DRHP. The scale is large. As of 31 March 2025 BVG India had over 85,000 employees deployed across 2,218 active operating sites. Its clients are in industrial and commercial, transport infrastructure, healthcare and education, and government establishments, plus BFSI, residential and retail sites. In FY25, IFM brought in ₹23,113.37 million, or 70.00% of revenue from operations. Healthcare and education was the biggest IFM client sector at ₹8,102.95 million. On a restated consolidated basis, revenue from operations grew from ₹23,148.78 million in FY23 to ₹33,017.97 million in FY25, a compounded growth of 19.43% a year. Profit after tax was ₹2,072.09 million in FY25, against ₹1,662.25 million in FY24. EBITDA from continuing operations was ₹3,641.41 million, a margin of 11.03%. All figures here are consolidated and come from the DRHP. The company was incorporated as Bharat Vikas Utility Services Limited on 20 March 2002 in Pune. Hanmantrao Gaikwad is the sole promoter and Chairman and Managing Director. The promoter holds 69,680,560 equity shares, which is 54.87% of the fully diluted share capital, as per the DRHP. Strategic Investments FM (Mauritius) entities are among the selling shareholders. BVG India filed its DRHP with SEBI on 10 October 2025 and the IPO stage on IPO Guru is SEBI review completed. The proposed offer is a fresh issue of up to ₹3,000.00 million and an offer for sale of up to 28,548,007 equity shares. The price and dates are not announced. Unlisted shares of a company like this trade off-market through dealers, so the price we show of ₹485 per share, with a lot of 100 shares, is indicative only and not an exchange price.
Unlisted companies closest in market cap.
Largest unlisted companies by implied market cap.
Data refreshed 08 Nov 2026, 05:30 pm IST.