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.
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 6 cases involving the company, including 3 filed by the company and 1 filed against it; 3 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 7 peer companies in the BFSI industry (Payment Gateways) are compared by revenue, 2 larger and 5 smaller; the largest is One 97 Communications Limited. 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1st Floor Sjr Cyber 22 Laskar Hosur Road Adugodi, Bangalore, Karnataka, India – 560030
- IndustryFinancial Services, Online Payment Gateways
- 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
- One PDF report, delivered after checkout
Financials of Razorpay Software Limited FY 2025 filings available
Razorpay Software Limited reported revenue of ₹3,932.11 Cr (up 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Razorpay Software Limited
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 of Razorpay Software 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 | •••• | •••• | •••• | •••• | •••• |
| 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 of Razorpay Software Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Software are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Razorpay Software Limited
Razorpay Software Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Gateways). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| One 97 Communications Limited Listed | •••• | •••• | •••• | •••• | 14,072 | New Delhi, Delhi, India |
| Payu Payments Private Limited | •••• | •••• | •••• | •••• | 1,234 | Mumbai, Maharashtra, India |
| Razorpay Software Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Dreamplug Technologies Private Limited | •••• | •••• | •••• | •••• | 807 | Mumbai, Maharashtra, India |
| Paytm Payments Services Limited | •••• | •••• | •••• | •••• | 363 | Delhi, India |
| First Data (India) Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Dreamplug Paytech Solutions Private Limited | •••• | •••• | •••• | •••• | 23 | Mumbai, Maharashtra, India |
| Garagepreneurs Internet Private Limited | •••• | •••• | •••• | •••• | 147 | Gmc, Assam, India |
Peers are the five companies nearest above and the five nearest below Razorpay Software by revenue in the BFSI industry (Payment Gateways), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Razorpay Software Limited
Razorpay Software Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| 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 1 Months | Current |
| Ira Gupta | Additional Director | 11 Aug 2025 | 1 Years 1 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 1 Months | Current |
Ownership and Shareholding of Razorpay Software Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Razorpay Software Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2023 | Axis Bank Limited | ₹94.1 Lakh | Satisfied |
| 06 Dec 2019 | Others | ₹75 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Razorpay Software Limited
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.
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 |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Razorpay Software Limited
Razorpay Software Limited has 6 court cases on record: 3 filed by Razorpay Software, 1 filed against it, 2 where it is another party. 3 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
| District courts | 3 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Payu Payments Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Macfos Limited | Pending |
| High Court for State of Telangana | Court case (CRLRC) | Company is another party | Pending |
| District court, Dhanbad, Jharkhand | Court case (ORIGINAL SUIT) | Company is another party | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Razorpay Software Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Razorpay Software Limited
Razorpay Software Limited has a workforce of 2,218 employees as of Dec 30, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Razorpay Software Limited
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.
| Company Name | CIN | Shares Held |
|---|---|---|
| Viverati Interactive Marketing Private Limited | U74999KA2011PTC058017 | Locked |
| Razorpay Tech Solutions Private Limited | U82990KA2023PTC172200 | Locked |
Showing major subsidiaries. Total: 2.
CIN History of Razorpay Software Limited
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 |
News related to Razorpay Software Limited
Recent Activity on Razorpay Software Limited
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.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Razorpay Software Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Razorpay Software Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Razorpay Software Limited
Razorpay Software has 8 GST registrations: 4 active and 4 cancelled or inactive.
| 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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Razorpay Software Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Razorpay Software Limited
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 reported revenue of ₹3,932.11 Cr for FY 2025 (up 60% YoY).
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
Razorpay Software reported a net loss of ₹1,206.15 Cr (net margin -30.7%) and EBITDA of -₹993.52 Cr (EBITDA margin -25.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Razorpay Software is 38% over three years and 50% over five years. In the latest year (FY 2025) revenue rose 60%. CAGR is the steady yearly rate that links the first and the last year.
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 6 court cases on record: 3 filed by the company and 1 filed against it. 3 are pending. Most are in the high 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, Paytm Payments Services Limited, First Data (India) Private Limited and 2 more, all in the BFSI industry (Payment Gateways).
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.