Rajlaxmi Khanvilkar was born in a Marathi-speaking family in Bombay, India, on October 14, 1976. Her dad, Manmohan is an Interior Decorator, Builder and Architect.
Rajlaxmi studied in BPM High School in Khar, Bombay, and went on to study and obtain her diploma from Mithibai College, Vile Parle, Bombay.
Coming from a very conservative background, Rajlaxmi did not participate in any ramp shows with revealing clothes nor was she permitted to act in movies. She did manage to convince her dad, who relented and she started her first ad campaign with Garden Vareli.
She has appeared in shows like BPL Oye, some video shows like Shiamak Davar, and Cadbury's chocolate ad campaign.
During 1996, she met fellow-model, Sameer Soni, during the Cadbury campaign and both got married. This marriage lasted only 7 months, and ended in a divorce.
Thereafter, she got married to Bollywood Actor, Rahul Roy.
She has made her appearance on Bollywood tinsel screen during 2001 with 'Asoka'.