The biotic stress caused by phytopathogens (bacteria, fungus, yeast and insect pests) is a primary factor in yield loss of plants. Biocontrol agents and their active compounds are used to manage such plant pathogens. Here, in our study, we screened four bacterial isolates identified as Bacillus cereus, B. anthracis, B. velezensis and Serratia marcescens after morphological, biochemical and molecular characterization (16s rDNA sequencing) for production of biosurfactant by foam forming activity, oil spreading tests and emulsification activity. Highest foam stability (75 min) and maximum emulsification activity E24% (75%) was observed by B. velezensis strain. Among all the four isolates, Bacillus velezensis strain produced maximum biosurfactant (0.349±0.004 g/50 mL). Biosurfactant of all the four bacterial isolates were checked for fungal inhibiton on PDA plate(s). Bacillus velezensis showed comparatively the highest percent inhibition 58.82, 88.15, 78.45,72.68, 83.96, 75.47, 68.07 and 88.44% against Colletotrichum falcatum, Fusarium oxysporum f sp. ciceri, Helminthosporium maydis, F. oxysporum f. sp. lycopersici, Aspergillus niger, Mucor sp., Helminthosporium oryzae and Rhizoctonia solani, respectively. Bacillus velezensis biosurfactant among all the four bacterial isolates was found to be most effective against the tested phytopathogens.