We tend to pronounce

ശ്രീ ലക്ഷ്മി as സ്രീ ലക്ഷ്മി

ശ്രേയ→ സ്രേയ

ശ്രുതി→സ്രുതി

ശ്രാവൺ→സ്രാവൺ

etc..

I feel weird to pronounce people's names starting with ശ്ര correctly because others tend to pronounce it as സ്ര.

I think there are also some words in Malayalam starting with ശ്ര which we mispronounce as സ്ര, but I can't remember right now.

For people having confusion reading this-

We don't pronounce ശരത്ത് as സരത്ത് or ശാലിനി as സാലിനി but for ശ്ര we mispronounce