The makers have approached Sharman, who is known for his humorous roles in several films, to feature in the series.
"The makers feel that Sharman comes close to Raymond. He is funny, expressive and relatable," a source said in a statement.
The story will revolve around Sumit, the Indian 'Raymond', who will always be stuck in sticky family situations, leading to humorous moments.
The channel has roped in the writer of the original series, Steve Skrovan, to add the right punches.
Sharman was last seen in the film "SuperNani", which was based on the Gujarati play, "Baa Ae Maari Boundary".
"Sumit Sambhal Lega" is scheduled to premiere this year in July on Star Plus.