Lizzy was born at Pukkattupadi, Kochi in Kerala, and was brought up by her mother Aliyamma. Lizy was raised a Roman Catholic and did her studies at St. Teresa’s School and College. Her debut into films happened in the early eighties and in a short period of time, she became one of the top heroines of the time. She was a common face in the eighties. Though Lissy had paired with almost all the top heroes of the eighties, it was along with Mohanlal and Mukesh, that she was able to create magic on screen. Even at the peak of her career, she acted as sister roles, the girl next door, and as the heroine’s friend. Known for her stunning and mesmerizing looks, she was able to grab the hearts of viewers. Along with Malayalam films, Lissy also had appeared in several Tamil, and Telugu films. Lissy is most remembered for her roles in Chithram, Thalavattom, Odaruthammava Alariyam, and Boeing Boeing. She later fell in love with the famous film director Priyadarshan, and got married to him in 1990. After marriage, she gave up acting and adopted the name Lakshmi for religious reasons. After the birth of her son, Lizzy adopted the Hindu religion from Arya Samaj. Her daughter Kalyani works in the USA and her son Siddharth is studying in Singapore.