- Birthday: 25. December 1936
- Birthplace: Bombay, Bombay Presidency, British India (now Maharashtra, India)
- Awards: In 2002, he was awarded the Padma Bhushan. He was also a recipient of The International Center in New York's Award of Excellence.
Ismail Merchant (25 December 1936 – 25 May 2005) was an Indian-born film producer and director. He worked for many years in collaboration with Merchant Ivory Productions which included director (and Merchant's longtime professional and personal partner) James Ivory as well as screenwriter Ruth Prawer Jhabvala. Their films won six Academy Awards.
Merchant succeeded as an independent producer in Hollywood for more than 40 years. His strength lay in funding his projects, particularly in his ability to produce films for several million dollars less than those of his contemporaries.