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
₹3,932.11 Cr
▲ 60% YoY
Net loss · FY 2025
₹1,206.15 Cr
Net margin -30.7%
EBITDA · FY 2025
-₹993.52 Cr
EBITDA margin -25.3%
Authorised capital
₹1,500 Cr
Registered with MCA
Paid-up capital
₹858.12 Cr
Issued & subscribed
Satisfied charges
₹75.94 Cr
No open charges
Company age
13 yrs
Est. 2013
Employees · EPFO
2,218
Provident fund records
About Razorpay Software Limited
Data last updated:
Razorpay Software Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Razorpay, Inc.. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 24 May 2013 and has been in existence for over 13 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), Bangalore, under CIN U72200KA2013PLC097389. Its GSTIN is 29AAGCR4375J1ZU (Karnataka). The company holds 8 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹858.12 Cr. It is led by directors including Shashank Kumar (Managing Director) and Arif Khan.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Sjr Cyber 22 Laskar Hosur Road Adugodi, Bangalore, Karnataka, India – 560030.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,932.11 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net loss of ₹1,206.15 Cr (net margin -30.7%) and EBITDA of -₹993.52 Cr (EBITDA margin -25.3%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 50% over five years.
The company has about 2,218 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹75.94 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 4 cases are pending. The company has 9 deals on record (4 rights issues, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹1,078.06 Cr; the latest was in July 2025. Its 4 peer companies in the BFSI industry (Payment Gateways), with the same principal business activity (other information & communication service activities) are compared by revenue, 2 larger and 2 smaller; the largest is One 97 Communications Limited with revenue of ₹7,624.9 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 5 micro and small suppliers.
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
CIN U72200KA2013PLC097389
Registration Number 097389
Incorporation Date 24 May 2013
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Razorpay, Inc.
Compliance Status Active Compliant
CIN history
Razorpay Software has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200KA2013PLC097389, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2013PLC097389 | Current |
| U72200KA2013PTC097389 | Previous |
| U72200RJ2013PTC042641 | Previous |
| U62099KA2013PLC097389 | Previous |
Recognitions & Rankings of Razorpay Software
Contact details
Razorpay Software Limited's registered office is in Bangalore, Karnataka. Its website is razorpay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Sjr Cyber 22 Laskar Hosur Road Adugodi, Bangalore, Karnataka, India – 560030
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Razorpay Software Limited, buy the company report.
Comprehensive company report
Razorpay Software Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Financials of Razorpay Software Limited
FY 2025 filings availableRazorpay Software Limited reported revenue of ₹3,932.11 Cr (up 60% YoY) for FY 2025.
Revenue · FY 2025
₹3,932.11 Cr ▲ 60%
Net loss · FY 2025
₹1,206.15 Cr margin -30.7%
EBITDA · FY 2025
-₹993.52 Cr margin -25.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 38%
5 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 202%
5 years · compounded
▼ 230%
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 60% growth in the latest year. EBITDA fell 3% in the latest year. 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
| 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹993.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1,206.15 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25.3% | ||||
| Net Profit Margin | -30.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Razorpay Software Limited, buy the company report.
Board of directors of Razorpay Software Limited
Razorpay Software has 6 current directors and 2 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 | Managing Director | 24 May 2013 | 13 Years 4 Months | Current |
| Arif Khan | Director | 27 Mar 2025 | 1 Years 6 Months | Current |
| Harshil Mathur Also directs: Marsshot Ventures LLP, Razorpay Payments Private Limited, People Home Finance Limited and 5 more | Director | 24 May 2013 | 13 Years 4 Months | Current |
| Shilpa Mankar Ahluwalia | Additional Director | 11 Aug 2025 | 1 Years 2 Months | Current |
| Ira Gupta | Additional Director | 11 Aug 2025 | 1 Years 2 Months | Current |
| Subramaniam Somasundaram Also directs: United Breweries Limited, Teamlease Services Limited, Honasa Consumer Limited and 4 more | Additional Director | 11 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Razorpay Software Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Payment Gateways), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| One 97 Communications Limited | ₹7,624.9 Cr (FY 2025) | -28.0% | New Delhi, Delhi, India | |||
| Payu Payments Private Limited | ₹5,596.51 Cr (FY 2025) | 22.0% | Mumbai, Maharashtra, India | |||
| Razorpay Software Limitedthis company | ₹3,932.11 Cr (FY 2025) | -₹1,206.15 Cr | -30.7% | 60.0% | 2,218 | Bangalore, Karnataka, India |
| Dreamplug Technologies Private Limited | ₹2,473.39 Cr (FY 2024) | 67.0% | Mumbai, Maharashtra, India | |||
| Garagepreneurs Internet Private Limited | ₹867.83 Cr (FY 2023) | 196.0% | Gmc, Assam, India |
To see the full peer comparison of Razorpay Software Limited, buy the company report.
Auditor
Razorpay Software Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2024 | 008072S |
Shareholding
The shareholding of Razorpay Software Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Razorpay Software Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹75.94 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2023 | 100690569 | Axis Bank Limited | ₹94.1 Lakh | Satisfied | |
| 06 Dec 2019 | 100314367 | Others | ₹75 Cr | Satisfied |
To see the full charge records of Razorpay Software Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Razorpay Software Limited has 9 deals on record (4 rights issues, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹1,078.06 Cr; the latest was in July 2025.
Total deals
9
Rights issues
4
Funding rounds
3
Acquisitions
2
Disclosed funding
₹1,078.06 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round | ₹171.38 Cr | Investors: 2 individuals |
| Apr 2025 | Funding round | ₹855.91 Cr | Investors: Tiger Global, Others-Razorpay Software Limited, 2 individuals |
| Dec 2024 | Rights issue | ₹335.9 Cr | Investors: Razorpay Ventures |
| Jul 2024 | Rights issue | ₹375.84 Cr | Investors: Razorpay Ventures |
| Jul 2021 | Rights issue | ₹450.61 Cr | Investors: Razorpay Ventures |
To see the full deal history of Razorpay Software Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Razorpay Software Limited has 7 court cases on record: 3 filed by Razorpay Software, 4 filed against it. 4 cases are pending and 3 are disposed.
Total cases
7
Filed by the company
3
Filed against the company
4
Pending
4
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Payu Payments Private Limited and Anr & Anr. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Macfos Pvt Ltd (Robu.In) | Pending |
| High Court, TELANGANA | Court case (CRLRC) | Filed against the company by Superior Finlease Limited | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against RZPX Private Limited and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Razorpay Software Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Razorpay Software Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shivaami Cloud Services Private Limited | |||
| Karza Technologies Private Limited | |||
| Studio 33 | |||
| Mountain Trail Foods Private Limited | |||
| Icons Print Media Private Limited |
To see the full MSME payment records of Razorpay Software Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Razorpay Software has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Viverati Interactive Marketing Private Limited | U74999KA2011PTC058017 | |
| Razorpay Tech Solutions Private Limited | U82990KA2023PTC172200 |
To see the full group structure of Razorpay Software Limited, buy the company report.
Employees & EPFO
Razorpay Software Limited has a workforce of 2,218 employees on its EPFO records as of Dec 30, 2025, across 1 active EPFO establishment.
Employee count
2,218
Active EPFO establishments
1
Employee growth
12.47%
GST
Razorpay Software has 8 GST registrations: 4 active and 4 cancelled or inactive.
Total GSTINs
8
Active
4
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCR4375J1ZU | Karnataka | Active | 01 Jul 2017 |
| 29AAGCR4375J2ZT | Karnataka | Active | 02 Feb 2024 |
| 06AAGCR4375J2Z1 | Haryana | Active | 17 Feb 2022 |
| 27AAGCR4375J2ZX | Maharashtra | Active | 03 Jan 2024 |
To see the full GST registrations and return filing status of Razorpay Software Limited, buy the company report.
Recent activity
Razorpay Software Limited has 8 board changes on record since 2013: 6 appointments and 2 cessations. The latest: Ira Gupta was appointed as Additional Director on 11 Aug 2025.
AGM
Razorpay Software Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Appointed
Ira Gupta was appointed as Additional Director.
Appointed
Shilpa Mankar Ahluwalia was appointed as Additional Director.
Appointed
Subramaniam Somasundaram was appointed as Additional Director.
Filing
Razorpay Software Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Arif Khan was appointed as Director.
Charges
A charge registered on 18 Mar 2023 via Charge ID 100690569 with Axis Bank Limited was fully satisfied on 12 Jun 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.94 Cr with Charge ID 100690569 was registered on 18 Mar 2023.
Ceased
Shashank Kumar ceased to be Director.
Charges
A charge registered on 06 Dec 2019 via Charge ID 100314367 with Others was fully satisfied on 05 Oct 2020.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 100314367 was registered on 06 Dec 2019.
Ceased
Nalini Mathur ceased to be Director.
3 earlier events are in the company report.
News
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Frequently asked questions
Razorpay Software is an active public limited company based in Bangalore, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 24 May 2013 (13+ years old) and is registered under CIN U72200KA2013PLC097389.
Razorpay Software has 6 current directors:
- Shashank Kumar - Managing Director
- Arif Khan - Director
- Harshil Mathur - Director
- Shilpa Mankar Ahluwalia - Additional Director
- Ira Gupta - Additional Director
- Subramaniam Somasundaram - Additional Director
The latest financial statements of Razorpay Software on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Razorpay Software is 29AAGCR4375J1ZU, registered in Karnataka. The company has 8 GST registrations in all, of which 4 are active and 4 are cancelled or inactive. Other active GSTINs include 29AAGCR4375J2ZT (Karnataka), 06AAGCR4375J2Z1 (Haryana), 27AAGCR4375J2ZX (Maharashtra).
The CIN (Corporate Identification Number) of Razorpay Software is U72200KA2013PLC097389. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Razorpay Software has 7 court cases on record: 3 filed by the company and 4 filed against it. 4 are pending. Most are in the district courts.
Razorpay Software was incorporated on 24 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Razorpay Software has 9 deals on record (4 rights issues, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹1,078.06 Cr; the latest was in July 2025.
The peers of Razorpay Software by revenue are One 97 Communications Limited, Payu Payments Private Limited, Dreamplug Technologies Private Limited, Garagepreneurs Internet Private Limited, all in the BFSI industry (Payment Gateways), with the same principal business activity (other information & communication service activities).
Ira Gupta was appointed as Additional Director on 11 Aug 2025. Shilpa Mankar Ahluwalia was appointed as Additional Director on 11 Aug 2025. Subramaniam Somasundaram was appointed as Additional Director on 11 Aug 2025. Razorpay Software has 8 board changes on record in total.
Razorpay Software has 2 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 5 micro and small suppliers. The latest return was filed on 28 Apr 2020.
Razorpay Software can be reached through the website razorpay.com. Its registered office is in Bangalore, Karnataka, India.