Balwant is a given name. Notable people with the name include:
Balwant Gargi (1916–2003), Punjabi dramatist, novelist, and short story writer
Balwant Singh of Bharatpur (1820–1853), the ruling Maharaja of princely state Bharatpur from 1825
Balwant Singh Rakkha (b. 1941), Fiji Indian medical doctor and a member of the House of Representatives of Fiji
Balwant Singh Ramoowalia (b. 1942), active politician and president of Lok Bhalai Party (LBP)
Dattatray Balwant Parasnis (1870–1926), historian from Maharashtra, India
Vasudeo Balwant Phadke (1845–1883), Indian revolutionary in the armed struggle for India's independence