Hi ajay.kukreja,
There are few possible option where you can set the session time out.
1. In Web.config like..
<sessionState mode="InProc" timeout="15" cookieless="true" />
2. In Session_Start event in Global.asax like....
Session.TimeOut=15;
3. In IIS Setting you can also set default session timeout.
a. open IIS start==run==inetmgr and press enter.
b. Right Click on "Default Web Site" go in Propertied
c. Select Asp.Net, click on "Edit Configuration" Button
d. Select "State Management" in new popup window
e. Change the session timeout here.
Please check the following links which is related to your issue.
increase session timeout
http://forums.asp.net/t/1283350.aspx
Let me know whether that answers your question, please feel free to let me know.