Hi Nishant,
We are using jquery datetimepicker, which is using preset range of years, although you can customize it very quickly since range of +/- 10 years is just hardcoded in it. This is in jquery-ui-datetimepicker in CMSScripts/jquery folder on line cca 380(depending on version), where you can set up the range you need:
yearRange: 'c-10:c+10', // Range of years to display in drop-down,
// either relative to today's year (-nn:+nn), relative to currently displayed year
// (c-nn:c+nn), absolute (nnnn:nnnn), or a combination of the above (nnnn:-n)