List of Bollywood films of 1954
A list of films produced by the Bollywood film industry based in Mumbai in 1954. Boot Polish produced by Raj Kapoor went on to win the Filmfare Best Movie Award in 1955.
Mirza Ghalib, a film based on the life of well-known poet Mirza Ghalib, directed by Sohrab Modi and starring Bharat Bhushan and Suraiya went on to win the Golden Lotus Award for National Film Award for Best Feature Film in 1955.
Jagriti, directed by Satyen Bose went on to win the Filmfare Best Movie Award in 1956.
Highest-grossing films
The ten highest-grossing films at the Indian Box Office in 1954:| Rank | Title | Notes |
| 1. | Nagin | Vyjayanthimala, Pradeep Kumar |
| 2. | Nastik | Nalini Jaywant, Ajit |
| 3. | Taxi Driver | Dev Anand, Kalpana Kartik |
| 4. | Mirza Ghalib | Suraiya, Bharat Bhushan |
| 5. | Aar Paar | Shyama, Guru Dutt |
| 6. | Jagriti | Abhi Bhattacharya, Ratan Kumar, Rajkumar Gupta |
| 7. | Shart | Shyama, Deepak, Shashikala |
| 8. | Boot Polish | Kumari Naaz, Ratan Kumar |
| 9. | Amar | Madhubala, Dilip Kumar, Nimmi |
| 10. | Adhikar | Usha Kiran, Kishore Kumar |