Shyama was born on June 7, 1935 in Lahore, Punjab, British India as Khurshid Akhtar. She was an actress, known for Sharada (1957), Khazanchi (1958) and Aar-Paar (1954). She was married to Fali Mistry. She died on November 14, 2017 in Mumbai, Maharashtra, India.