Srividya was born to Tamil film comedian Krishnamurthy and Carnatic classical singer M. L. Vasanthakumari. She had a brother, Sankararaman. Her mother tongue is Tamil. Her father had to stop acting in the year when she was born because of a disease which affected his facial muscles. Her family fell into financial crisis. Srividya debuted in acting at a very early age. She started her career as a child artist in the Tamil film Thiruvarutchelvar in 1966. Later she entered Malayalam films with a dance scene in Kumara Sambhavam and in Telugu film Tata Manavadu. Her first film as heroine was Delhi to Madras in 1972. In mid-1970s, she became busy in the Tamil film industry. She acted in films such as Velli Vizha, Sollathaan Ninaikkiren and Apoorva Raagangal, all directed by K. Balachander. She was Rajinikanth's first heroine in Apoorva Raagangal. She started acting in Malayalam in 1969. Her first movie was Chattambikkavala directed by N.Sankaran Nair. She acted maximum number of films in Malayalam (1969 to 2003) among south Indian languages. Srividya was a playback singer as well. She first sang for films in the Tamil film Amaran and then for Malayalam film Ayalathe Sundari. She married him on 9 January 1976. Her life became miserable and the marriage ended in divorce in 1980. In 2003, she underwent a biopsy test following physical problems and was tested positive for spine cancer. Two months before her death on October 10, 2006, Ms. Srividya had executed a will and entrusted Mr. Ganesh Kumar, cine actor and MLA, to register a charitable society to ‘start a music and dance school for efficient students who could not get ample opportunities due to lack of money or to give away scholarship to such students to continue their studies and to extend financial assistance to deserving ailing artistes.’ She had also left Rs 5 lakh each to her brother’s children and Rs One lakh each to her servants in the will, executed on August 17, 2006. She died on 19 October 2006.