Bhatt lives in Jaipur, Rajasthan, India, with his wife and two sons.[5] His elder son Salil Bhatt is a Mohan veena player (and also a player of the Satvik veena). His younger son Saurabh Bhatt is a Music Composer who has composed music for films, music albums and TV serials. Bhatt's parents, Manmohan Bhatt and Chandrakala Bhatt were teaching and performing musicians, who imparted knowledge of music to V.M Bhatt.[6] His nephew, Krishna Bhatt, plays the sitar and tabla. He is the younger brother of Manju Mehta who is co-founder of Saptak School of Music at Ahmedabad and a trained disciple of Pandit Ravi Shankar.[7]
The folk musician Harry Manx, who studied with Salil Bhatt for five years, plays a Mohan veena. Counting Crows' bassist Matt Malley also plays a Mohan veena and is a student and friend of Bhatt. Australian musician Lawrie Minson also learned Mohan veena from Salil.
^"2018". BBC Music Events. Archived from the original on 26 January 2019. Retrieved 26 January 2019.
^Paachak, Piyush (13 November 2005). "My mother still teaches me music". The Tribune. Chandigarh, India. Archived from the original on 17 July 2009. Retrieved 1 April 2009.