He is married to Sagarika Ghose, a journalist and fellow senior editor and anchor at CNN-IBN, since 1994.
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The son of the Indian Test cricketer Dilip Sardesai, he completed his schooling up to ICSE from the Campion School in Bombay, did two years of ISC in the Cathedral School, Mumbai, and completed a bachelor's course in Economics from St. Xavier's College.
Bhaskar's daughter, Sagarika Ghose and her husband Rajdeep Sardesai are prominent journalists who presently run the Indian arm of the CNN-IBN news channel.