Siddharth Balachandran was born on June 1, 1976 in Thiruvananthapuram, in the southern state of Kerala, India, to local businessman R. Balachandran and Sabita Varma Balachandran, a former officer in the Reserve Bank of India.
Balachandran received his initial schooling at the Asan Memorial School in Chennai and later, at the Chinmaya Vidyalaya, Ernakulam in Kerala.