Brother of music director Ganesh (Ek Nanhi Munni Ladki Thi). He is married to actress Alka (Dharmatma).
Brother of music assistant Gorakh. Gorakh also formed a musical duo with Laxmikant's brother Shashikant. Gorakh was married to Vaijayanti Sharma (Daughter of actor Maruti and sister of Guddi Maruti).
Married to Sunila Sharma.
Father of a son Gautam Sharma and daughter Kanal . Kanal sang for her father in Oonch Neech Beech.
Has a brother named Mahesh Sharma ( Not the actor).