Ranjeeta was born in Punjab. Her sister Rubina also acted in films.
She married Raj Masand and has a son named Sky. Ranjeeta lives with her husband Raj and son Sky in Norfolk, Virginia, US. They own a series of 7-Eleven stores in Virginia. Sky is a famed Table Tennis player and studies in college in the US.
She was associated with an International School in Pune, handling Public Relations in the mid 2000's, before moving to the US.
Ranjeeta Masand returns to the movies in August 2011, with Rajshri Productions' Jaana Pehchaana, a sequel to Ankhiyon Ke Jharokhon Se, directed by her co-starSachin.