Married actress Purnima in 1954. Purnima Das Varma is the grandmother of Bollywood's successful actor Emraan Hashmi. Purnima's son from her first marriage, Anwar Hashmi, is Emraan's father, making Bhagwan Das Varma Emraan Hashmi's step grandfather.
Father of Jagdish Varma, producer of Budtameez (1966), Insaaniyat (1974) and Oonch Neech Beech (1989).
Brother of Munshiram Varma, also one of the key founders of Varma Films, as well as producer of Sohag Raat (1948) and Aurat (1953).
One of the key founders of Varma Films.
Father of Satpal Varma, co-producer of Insaaniyat (1974).