The son of Hafejee Ismail and Aman Hafejee Patel was educated at The Pioneer High School, Bharuch, in the Indian district Gujarat, and the Maharaja Sayajirao University of Baroda, where he graduated with a Bachelor of Commerce.
Dholakia is an alumnus of the Maharaja Sayajirao University, Baroda and holds a Doctorate in Econometrics.
The Faculty of Fine Arts, MSU Baroda is one of the top three art colleges in India.
Valrani attended high school in Baroda, and holds a degree in Finance and Commerce from the Maharaja Sayajirao University of Baroda.
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Srinivas served in various institutions of repute like University of Delhi, Maharaja Sayajirao University of Baroda, Institute for Social and Economic Change Bangalore and National Institute of Advanced Studies Bangalore.
He held a number of Visiting Professorships: University of Rochester, USA, 1958–1959; Kiel University, University of Osnabrück, 1977; University of Baroda, Jadavpur University, 1978; University of Ottawa, 1981.
Completed post diploma in painting from Faculty of Fine Arts Maharaja Sayajirao University of Baroda in 1998 and a Diploma in Painting from Raja Ravi Varma College of Fine Arts, Mavelikara Kerala 1996.