- His brother and composing partner in Jatin-Lalit is Jatin Pandit.
- His sisters are Sulakshana Pandit and Vijayata Pandit, both of whom are actresses and playback singers.
- Uncle to actor Yash Pandit and his sisters singers Shraddha Pandit and Shweta Pandit . Their father Vishwaraj Pandit is Lalit's brother .
- Cousin to actor Vinod Pandit. Vinod' s father is Pandit Maniram (Lalits uncle).
- Cousin to music arranger and composer Dinesh Pandit. Dinesh's father is Pandit Maniram (Lalit's uncle).
- Cousin to Music composer Shaarang Dev. Shaarang's father, Pandit Jasraj is brothers with Lalit's father .
- Cousin to actress Durga Jasraj. (Pandit Jasraj daughter).
- Sister Sandhya Pandit Singh acted as a child in Door Ka Rahi.
- Brother of Music arranger Mandhir Pandit.
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