Bhagwan Das Varma (1907-1962) was a Bollywood film producer and director. He was one of six brothers that were founders/partners of Varma Films, a company predominantly involved with the production and distribution of Hindi language films. After the Varma Films banner was retired in the mid-1950s, Bhagwan Das continued his film production and distribution activities with two affiliated companies: Varma Pictures and V. P. Productions.

Varma Films was a film production and distribution company founded in Bombay, India. The company was predominantly involved in producing and distributing Hindi-language films and to a lesser extent distributing some Italian-language films with English subtitles in India.