Dayanand Shetty was born on 11 December 1969, in a Tulu speaking Bunt family in Katapadi village of Udupi district of Karnataka State in India to Chandra Prakash Shetty and Uma Shetty. He has two sisters (Naina and Sandhya). He did his B.com from Rizvi College, Bandra. He married Smitha Shetty and they have one daughter.