India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #579 Shashank Kumar ₹5,800 Cr
- #579 Harshil Mathur ₹5,800 Cr
Revenue · FY 2025
₹4.18 Cr
▼ 3% YoY
Net loss · FY 2025
₹6.47 Cr
Net margin -154.9%
EBITDA · FY 2025
-₹5.26 Cr
EBITDA margin -126%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹33.95 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
31
Provident fund records
Directors on board
3
As per MCA filings
About Razorpay Services Private Limited
Data last updated:
Razorpay Services Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Rzpx Private Limited. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 02 September 2015 and has been in existence for over 11 years.
Its director Shashank Kumar is #579 among India's richest people (2026). Its director Harshil Mathur is #579 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72300PN2015PTC156373. Its GSTIN is 27AADCI9126R1ZV (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹33.95 Lakh. It was formerly known as Izealiant Technologies Private Limited. It is led by directors including Harshil Mathur and Shashank Kumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1 Marisoft IT Park, Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.18 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹6.47 Cr (net margin -154.9%) and EBITDA of -₹5.26 Cr (EBITDA margin -126%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: IZealiant Technologies and Razorpay. The company has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2022. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Mobifast Solutions Private Limited with revenue of ₹4.36 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website razorpay.com.
Company Details of Razorpay Services Private Limited
CIN U72300PN2015PTC156373
Registration Number 156373
Incorporation Date 02 September 2015
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Rzpx Private Limited
Compliance Status Active Compliant
Recognitions & Rankings of Razorpay Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS. No. 14 4th Floor West Tower, Marisoft – 1 Marisoft IT Park Marigold Premises Kalyani Nagar, Pune, Maharashtra, India – 411014
- IndustryInformation Technology, Computer Programming, Consultancy
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Associated Brands with Razorpay Services Private Limited
Razorpay Services operates two associated brands: IZealiant Technologies and Razorpay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software solutions are provided to financial institutions by IZealiant Technologies. | izealiant.com | |
| Payment and business banking solutions are provided for enterprises. | razorpay.com |
Business Activity of Razorpay Services Private Limited
The main business activity of Razorpay Services is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Razorpay Services Private Limited FY 2025 filings available
Razorpay Services Private Limited reported revenue of ₹4.18 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹4.18 Cr ▼ 3%
Net loss · FY 2025
₹6.47 Cr margin -154.9%
EBITDA · FY 2025
-₹5.26 Cr margin -126%
Compounded Annual Growth Rate (CAGR) of Razorpay Services Private Limited
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 2%
5 years · compounded
▲ 1%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Razorpay Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹4.18 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹5.26 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.47 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Razorpay Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -126% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -154.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Razorpay Services are in the company report.
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Financial statements from FY 2016
Earlier years and trend charts are in the company report.
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Board of Directors of Razorpay Services Private Limited
Razorpay Services has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashank Kumar Also directs: Marsshot Ventures LLP, Razorpay Payments Private Limited, Razorpay Technologies Private Limited and 5 more | Nominee Director | 21 Feb 2022 | 4 Years 8 Months | Current |
| Ajitabh Banerji | Nominee Director | 21 Feb 2022 | 4 Years 8 Months | Current |
| Harshil Mathur Also directs: Marsshot Ventures LLP, Razorpay Payments Private Limited, People Home Finance Limited and 5 more | Director | 24 Jul 2025 | 1 Years 2 Months | Current |
Peer Comparison of Razorpay Services Private Limited
Razorpay Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mobifast Solutions Private Limited | ₹4.36 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Cybdeer Network Private Limited | ₹4.36 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Jaipur, Rajasthan, India |
| Rinova Pay Tech Private Limited | ₹4.3 Cr (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Swirepay Technologies Private Limited | ₹4.3 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Chennai, Tamil Nadu, India |
| Pay2all Services Private Limited | ₹4.21 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Noida, Uttar Pradesh, India |
| Razorpay Services Private Limited this company | ₹4.18 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Pune, Maharashtra, India |
| Transerv Limited | ₹4.16 Cr (FY 2025) | •••• | •••• | -87.0% | •••• | Mumbai, Maharashtra, India |
| Mobivend Logistics Solutions Private Limited | ₹4.13 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Bangalore, Karnataka, India |
| Foster Payment Networks Private Limited | ₹4.12 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
| Pinwallet Payments Private Limited | ₹4.1 Cr (FY 2024) | •••• | •••• | 693.0% | •••• | Jaipur, Rajasthan, India |
| Finreliable Technology Private Limited | ₹4.07 Cr (FY 2025) | •••• | •••• | 360.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Razorpay Services by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Razorpay Services Private Limited
Razorpay Services Private Limited is audited by SRGA & Co for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRGA & Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Razorpay Services Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Razorpay Services Private Limited
Razorpay Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Razorpay Services Private Limited
Razorpay Services Private Limited has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2022.
Total deals
4
Acquisitions
2
Rights issue
1
Secondary share transfer
1
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Acquisition | Undisclosed | Buyer: Razorpay Software Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2018 | Rights issue | ₹9.6 Lakh | Investors: an individual |
| Jan 2018 | Acquisition | ₹20.2 Lakh | Buyer: an individual |
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Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Razorpay Services Private Limited
Razorpay Services Private Limited has a workforce of 31 employees as of Feb 11, 2026.
Employee count
31
Active EPFO establishments
1
Employee growth
-18.42%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Razorpay Services Private Limited
Razorpay Services Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Harshil Mathur ceased to be Additional Director on 29 Sep 2025.
AGM
Razorpay Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Harshil Mathur ceased to be Additional Director.
Appointed
Harshil Mathur was appointed as Director.
Filing
Razorpay Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Prashant Laxman Mengawade ceased to be Director.
Appointed
Ajitabh Banerji was appointed as Nominee Director.
Ceased
Rajesh Manohar Bhandarkar ceased to be Director.
Ceased
Sachin Yeshwant Pagare ceased to be Director.
Appointed
Shashank Kumar was appointed as Nominee Director.
Ceased
Amit Jagadish Khatri ceased to be Director.
Incorporation
02 Sep 2015
Razorpay Services Private Limited was registered on 02 Sep 2015 with Roc Pune & aged 11 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Razorpay Services Private Limited
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MSME Payment Delays by Razorpay Services Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Razorpay Services Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Razorpay Services Private Limited
Razorpay Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI9126R1ZV | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Razorpay Services Private Limited
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Related news about Razorpay Services Private Limited
Frequently Asked Questions about Razorpay Services Private Limited
Razorpay Services is an active private limited company based in Pune, Maharashtra, India. The company works in computer programming, within the information technology industry. It was incorporated on 02 September 2015 (11+ years old) and is registered under CIN U72300PN2015PTC156373.
Razorpay Services reported revenue of ₹4.18 Cr for FY 2025 (down 3% YoY).
Razorpay Services has 3 current directors:
- Shashank Kumar - Nominee Director
- Ajitabh Banerji - Nominee Director
- Harshil Mathur - Director
Razorpay Services reported a net loss of ₹6.47 Cr (net margin -154.9%) and EBITDA of -₹5.26 Cr (EBITDA margin -126%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Razorpay Services is -2% over three years and 1% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Razorpay Services is 27AADCI9126R1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Razorpay Services is U72300PN2015PTC156373. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Razorpay Services was incorporated on 02 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Pune.
Razorpay Services has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2022.
The peers of Razorpay Services by revenue are Mobifast Solutions Private Limited, Cybdeer Network Private Limited, Rinova Pay Tech Private Limited, Swirepay Technologies Private Limited, Pay2all Services Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Harshil Mathur ceased to be Additional Director on 29 Sep 2025. Harshil Mathur was appointed as Director on 24 Jul 2025. Prashant Laxman Mengawade ceased to be Director on 05 Dec 2022. Razorpay Services has 8 board changes on record in total.