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 Isi Ka Naam Duniya Hai (1962). She was married to Fali Mistry. She died on November 14, 2017 in Mumbai, Maharashtra, India.