Kalyanaraman was born in Thrissur, into a Tamil Brahmin family, as the eldest son of T. R. Seetharama Iyer.

Later he joined Sree Kerala Varma College and studied commerce.

[1] He started his first jewellery shop named Kalyan Jewellers in Thrissur City in 1993 with a capital of ₹50,00,000.

In 2024, Forbes magazine's latest annual tally of billionaires has listed Kalyanaraman in 622th position with a net worth of US$5.4 billion.

[2] As per Forbes list of India’s 100 richest tycoons, dated 9 October 2024, T.S.