- Father of Rajshree
- Uncle of Meenaxi.
- Grand nephew Hesh Malkar, (Mahesh) made it to the cover of Time magazine because of his hands - Malkar's hands, casting a vote, were photographed by Dennis Chalkin for the cover of Time International in May 1991, to illustrate a story on the Indian general elections. A graduate of John Strasberg School of Acting, Malkar has since appeared in several commercials including Pepsico Food's Four Seasons Rice and starred in the television soap opera. One Life to Live. "We can go for parts which call for Middle Eastern, Mediterranean or Hispanic looks, and the market is definitely opening up," he says.
- Daughter Tejashree married director Vikas Desai ( Former husband of director Aruna Raje).
- Madhura daughter of v shantaram.
- Shanthipriya ( actress)grand daughter in law.
- Charu Sheela daughter of v shantaram.
- Rajaram has been married twice. His second marriage was to actress Jayashree. Jayashree passed away on the 19th of October, 2004 in Bombay, at the age of 84. Jayashree and Rajaram are survived by their son, Kiran Shantaram, former Sheriff of Bombay, and daughter, Rajashree, well-known former Bollywood actress.
- Grandson is aspiring Producer , Chaitanya Shantaram . He was to produce a film with Anil Kapoor and Ritesh Deshmukh. Ritesh was to play a villain. This was in 2007.
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