(i) Inspired by thoughts of the great thinker Swami Vivekananda, a teenage engineering student set out in 1991 to contribute to India’s Progress (Bharat Vikas). HR Gaikwad is the Chairman and Managing Director, BVG India Limited.

(ii) In 1993, he started a non-profit Bharat Vikas Pratishthan to funds of poor & needy students, having been through financial struggles himself. His career began with Telco (now Tata Motors) as a graduate trainee engineer in 1995 and his non-profit now started to help rural youth get jobs and livelihood.


(iii) The birth of BVG (Bharat Vikas Group) in 1997 as a housekeeping company with 8 people & 1 client. Sheer focus on the quality of work, ‘Yes, we can’ approach to work, and a dedicated team of BVGians has taken BVG from an 8-member housekeeping company to India’s Largest Integrated services company with 75000+  employees, serving 800+ sites for 750+ customers in 70 cities across 20 states across India.

(iv)  It has now grown to become an integrated services company with an employee strength of more than 65,000.

What is BVG Group?

1. India's Largest Integrated Service Company in India.

2. Asia's Largest Police Support Service.

3. India's largest Emergency Ambulance Service.

4. Pioneers of Mechanized housekeeping in India.

5. 100+ Train cleaned and maintained every day. Today they have big clients like Bajaj, Mahindra, Ashok Leyland, Hyundai, Volkswagen, Fiat, in automobile companies, and ONGC, ITC, Hindustan lever, Accenture, and Indian Railways in the public-private sector.

6. BVG India One of India’s Leading Solar EPC Solution Provider and Solar Module Manufacturing Company. 

(i) Facility Management Services

a) Integrated Facility Management:

Whether it is a small company or a large factory, the BVG group help companies keep their facility well maintained. They undertake maintenance of the entire facility like basic cleanliness, housekeeping, electrical systems, air conditioning systems, telephone systems, network systems, security, attendant services, canteen management, access control, gardening &  landscaping.

b) Logistics and Transport:

BVG is a leading provider of logistics and transport services for both government and the private sector.They operate public transport bus fleets for municipal corporations to ensure timely public transport service for the citizens and also undertake maintenance of the bus depots. They handle a fleet of over 500 buses across India.

c) Paintshop Maintenance:

Paint shops in manufacturing companies are highly specialized areas that should not have even a single speck of dust; otherwise, it ruins your paint quality. Paint shops are also difficult areas to work and clean, due to hazardous primers and paints. But BVG is specialized in handling such material and keeping the paint shop clean. They are specialized providers of cleaning and maintenance of paint shops. Paint Shop cleaning confirming to ISO Class 5 – Cleanliness Standard. This mitigates the customer’s paint defects allowing them to focus on producing quality vehicles.

(ii) Facility  Management Projects

a) BVG is a trusted partner by having customers across government, semi-government, and private sector for any development activity. BVG has undertaken the development of gardens and landscapes, roads, rural electrification projects, factory construction as well as relocation.

b) BVG India Ltd has the capability to successfully execute any projects, irrespective of whether they have prior experience in such work or not. This is a result of their capability to attract and hone talent, coupled with our unique execution capabilities.

c) They successfully demonstrated their capability when they relocated manufacturing plant at Italian auto giant Fiat from Kurla (Mumbai) to Ranjangaon in 2006.

d) They have also executed a related project for Tata Motors for its Tata Ace plant from Pune to Pantnagar and its Tata Nano plant from Singur to Sanand.

e) They have also executed rural electrification projects for state power utilities and garden and road projects for state governments.

(iii) Emergency Response Services 

a) They have implemented and now manage Dial-108 toll-free: Medical Emergency Ambulance Response Service (also known as Emergency Medical Services) for Maharashtra Government. Dial-108 is a free ambulance on-call service for a medical emergency in Maharashtra. This is the world’s largest set up of its kind having 937 ambulances spread across Maharashtra, each with a doctor and life support equipment available 24 X 7 in the service of citizens within Maharashtra.

b) Dial-100- Police Response Service (Currently Implemented in Madhya Pradesh).In the current internal security set up in India, citizens tend apprehensive about approaching the police in case of any civil emergency, like any crime, dispute, or accident. For various reasons, there exists a disconnect between citizens and the police force. Delay in contacting the police and registering the first information report (FIR) may likely distort facts or contaminate the crime scene or may leave the evidence prone to tampering.Hence, in order to provide police services instantly on the spot to citizens, Madhya Pradesh Government has started the Dial 100 service, comparable to the legendary 911 service in the USA,  to help people connect to the police and get police assistance anytime, anywhere in the state at very short ‘response time’. 1,000 (one thousand) SUVs fitted with advanced audio-video recording and evidence gathering mechanisms are in the service of citizens in Madhya Pradesh. Citizens are no longer made to visit the local police station. They can simply dial 100 toll-free from and the police itself reach the citizen. This entire service is implemented and now managed by BVG India Ltd. As per the amendment to the Code of Criminal Procedure that came in force in Nov 2010, every state in India State has a statutory responsibility to establish such a state control room under section 41-C of the code of Criminal Procedure. 

FY19-20 Business Outlook

1. The Company won some prestigious contracts during the year, including lake rejuvenation contracts under the Dahod and Sholapur smart city development programs initiated by the Government of India.

2. The Company also commenced providing emergency ambulances in the union territories of Jammu, Kashmir, and Leh.

3. This year the Company was awarded door to door collection and disposal of garbage for the city of Nagpur, thereby, adding to the list of cities and municipalities where solid waste management is carried out by the Company.

4. COVID19 has not had a significant impact on the operations and functioning of the company. There are various segments in which the company operates (viz. running and maintenance of ambulances and police vehicles, solid waste management, cleaning and maintenance of essential premises such as Government buildings, hospitals etc.) where there has been no stoppage of work and in fact, the level of operations have increased.

FY20-21 Business Outlook

1. The Financial Year under review was an extremely challenging environment. The pandemic emerged as a global challenge, taking a huge toll on both the physical and mental health of the general population. The Company rose to the challenge amidst this unprecedented environment, managing to minimize the impact on its revenue streams from facility services, with an improved profitability.

2. The Company had commenced providing emergency medical services in the union territories of Jammu, Kashmir and Leh towards the end of last year, and further consolidated it in the current year, gaining wide recognition and appreciation for the services during the COVID outburst, especially from local communities.

3. Later, in June this year, the Company successfully handed over to the customer its maiden Solar EPC project of 100 MW at Chennai, having commissioned it well within the given time. Owing to its award-winning performance in this contract, BVG India further received similar solar EPC contracts in the states of Rajasthan and Uttar Pradesh

4. Under Solid Waste Management as being a key contributor in BVG growth, winning contracts in Haryana and Maharashtra.

5.Despite restrictions imposed due to COVID, BVG India bagged certain prestigious contracts such as RBI Mumbai and IIM Ahmedabad for providing facility management services, while continuing its foray into Infrastructure sector through key contracts for airports and road transport.  

BVG FY24 Financial Performance

Strong Revenue Growth

BVG India Limited achieved a total revenue of ₹2839 Cr in FY24, marking an impressive year-on-year growth of 22.66%. This growth can be primarily attributed to the Facility Services segment, which showed robust demand across various industries, including industrial, healthcare, commercial offices, and transportation. The company's focus on expanding its service offerings in sectors like airports, railways, education, and retail further drove the revenue increase.

Healthy Profitability

The company's operational efficiency translated into increased profitability. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a growth of 17.36%, reaching ₹352 Cr. This healthy rise in EBITDA was complemented by a significant 30.19% increase in Profit After Tax (PAT), which amounted to ₹166 Cr in FY24. These figures reflect BVG's strong focus on optimizing costs and maximizing operational performance.

Improved Debt-Equity Ratio

BVG India Limited made considerable strides in strengthening its balance sheet. The debt-equity ratio improved from 0.47 in FY23 to 0.39 in FY24, indicating a lower reliance on debt financing. This improvement reflects the company’s prudent financial management and its ability to generate consistent cash flows. They have generated close to INR 174 cr cash from Operations.