Rana was born on 19 November 1979 in a Parsi family.[4]
He married Khushnum in an arranged marriage in 2010 but the couple divorced in 2013 due to compatibility issues.[1] Rana met Ketaki Walawalkar on a dating app and later the couple became close friends on the sets of Anupamaa where Walawalkar served as a creative director.[5] The couple dated for around one year and later married on 4 January 2023. [2][3]