Caillat was born in Saint-Leu-la-Forêt, Seine-et-Oise, January 15, 1921. She embarked upon her academic career with the study of Classical Latin and Greek, focusing on their literary and grammatical aspects. This led her to the study of Sanskrit under Louis Renou and Jules Bloch, who replaced Renou who was visiting India. Bloch played a key role in exposing his students to Indian classical languages such as Pali, Prakrit and Apabhramsha as well as modern Indo-Aryan languages. Encouraged by the strong presence of Indian students in his class, Bloch taught his students various details of Indian life. After clearing the French “Agrégation” civil service examination, Caillat taught at various secondary schools, until she found a post at the Centre national de la recherche scientifique. She was then free to devote all her time to Indian studies, starting with a mémoire on nominal derivation in Middle Indo-Aryan which led her to read Jain texts under the supervision of Walther Schubring in Hamburg. Schubring led Caillat firmly on the path of Jain studies and encouraged her to participate in the Critical Pali Dictionary. Caillat first visited India in 1963 and remained a regular visitor to India throughout her life. In India, she developed close contact with A.N. Upadhye, Pandit D.D. Malvania, H.C. Bhayani, Pandit Sukhlalji and Muni Punyavijayaji. She stayed and worked several times in Mysore and Ahmedabad. Caillat first taught Sanskrit and Comparative Grammar at the University of Lyon from 1960 to 1966. She was appointed to the Sorbonne University in 1967, as the successor of Louis Renou who had died suddenly, where she remained until retirement in 1988. She died on January 15, 2007. Her academic tradition is continued by her students, included among whom is Nalini Balbir.
Her contribution to the field of Jain studies and Middle Indo-Aryan linguistics is manifold. Apart from a number of articles, her main books are the following:
1965 Les expiations dans le rituel ancien des religieux Jaina, Paris, 1965, translated into English as Atonements in the Ancient Ritual of the Jaina Monks, Ahmedabad, 1975.
1966 Drei Chedasûtras des Jaina-Kanons - Ayâradasâo, Vavahâra, Nisîha. Bearbeitet von Walther Schubring. Mit einem Beitrag von Colette Caillat, Hamburg, 1966.
1974-75 C. Caillat, A.N. Upadhye and Bal Patil, Jainism, Delhi, 1974–75. New edition, 2006.
1981 La cosmologie jaina. Présentation de Colette Caillat d'après les documents recueillis par Ravi Kumar, Paris, 1981. The Jain Cosmology. English rendering by K.R. Norman, New Delhi; revised and enlarged edition, New Delhi, 2004.
1985 Edition of Recueil d'articles de Jules Bloch 1906–1955, Paris, 1985.
1999 Yogîndu, Lumière de l'Absolu. Traduit de l'apabhramsha par Nalini Balbir et Colette Caillat, Paris, Payot, Rivages, 1999.
In 1981, Mme Caillat, who was the head of the research group "Equipe de Philologie Bouddhique et Jaina", organised in Strasbourg the first International Jain Symposium outside India. The Proceedings were published in 1983.
In 1988, a Felicitation volume was offered in her memory.
In 2007, 1000 copies of Acarya Joindu's Yogasara were distributed free of cost in her memory.