Madhu Makkar née Varma, daughter of Munshiram, played the female lead in Insaaniyat (1974) opposite veteran actor Shashi Kapoor.

Munshiram Varma began his career in the Indian film industry by working jointly with Kidar Sharma as a producer for the production company Oriental Pictures.

[11] For example, in 1947, the year before Suhag Raat was released, Kidar Sharma, as the producer of Neel Kamal, is credited with starting the acting careers of veteran stars Madhubala and Raj Kapoor.

[16] As with Thes, to generate a prototype for commercial success, the Munshiram Varma and Kidar Sharma duo used an important member of Suhaag Raat’s ensemble in Neki Aur Badi.

[18] In addition to Geeta Bali, Madhubala was also cast for a leading role in "Neki Aur Badi" by the Munshiram Varma and Kidar Sharma duo.

Mohan Deep, in his unofficial biography about Madhubala, claims that this lack of success for "Neki Aur Badi" indicates how thoughtless Kidar Sharma could be.”[22] Not surprisingly, "Neki Aur Badi" marked the last time that the Munshiram Varma and Kidar Sharma pair worked together at producing a film.

The last film to be produced by Munshiram was Aurat (1953), a Hindi-language re-working of the Biblical tale of Samson and Delilah.

Also, unlike the Hollywood film Samson and Delilah directed by Cecil B. DeMille, Aurat was not successful at the box office.

[26] Munshiram died in 1958 ending a prolific film career that lasted for over a decade and averaged about one movie produced and/or distributed each year.