Hurun India Rich List 2026 edition · 2 directors
- #579 Shashank Kumar ₹5,800 Cr
- #579 Harshil Mathur ₹5,800 Cr
Revenue · FY 2025
₹115.58 Cr
▲ 2% YoY
Net loss · FY 2025
₹76.49 Cr
Net margin -66.2%
EBITDA · FY 2025
-₹76.49 Cr
EBITDA margin -66.2%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹8.69 Cr
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
236
Provident fund records
Directors on board
3
As per MCA filings
About RZPX Private Limited
Data last updated:
RZPX Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Razorpay, Inc.. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 28 September 2020 and has been in existence for over 6 years.
Its director Shashank Kumar is #579 on the Hurun India Rich List 2026. Its director Harshil Mathur is #579 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC139072. Its GSTIN is 29AAKCR4702K1Z1 (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.69 Cr. It was formerly known as Razorpayx Private Limited. It is led by directors including Shashank Kumar and Ajitabh Banerji.
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 Ground 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 ₹115.58 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹76.49 Cr (net margin -66.2%) and EBITDA of -₹76.49 Cr (EBITDA margin -66.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
The company has about 236 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Razorpay. Court records list 3 cases involving the company. The company has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2025. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Concerto Software & Systems Private Limited with revenue of ₹121.02 Cr.
For more details, the company can be reached via its website razorpay.com.
Company Details of RZPX Private Limited
CIN U72900KA2020PTC139072
Registration Number 139072
Incorporation Date 28 September 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Razorpay, Inc.
Recognitions & Rankings of RZPX
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressGround Floor Sjr Cyber 22 Laskar Hosur Road Adugodi, Bangalore, Karnataka, India – 560030
- IndustryFinancial Services, Digital Payment Solutions
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Associated Brands with RZPX Private Limited
RZPX operates one associated brand: Razorpay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment and business banking solutions are provided for enterprises. | razorpay.com |
Business Activity of RZPX Private Limited
The main business activity of RZPX is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 RZPX Private Limited FY 2025 filings available
RZPX Private Limited reported revenue of ₹115.58 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹115.58 Cr ▲ 2%
Net loss · FY 2025
₹76.49 Cr margin -66.2%
EBITDA · FY 2025
-₹76.49 Cr margin -66.2%
Compounded Annual Growth Rate (CAGR) of RZPX Private Limited
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 108%
3 years · compounded
▼ 35%
Revenue has grown at a compounded annual rate (CAGR) of 8% over three years, including 2% growth in the latest year. EBITDA fell 108% 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 RZPX 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹76.49 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹76.49 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 RZPX Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -66.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -66.2% | •••• | •••• | •••• | •••• |
| 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 RZPX are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of RZPX Private Limited
RZPX has 3 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 | Director | 28 Sep 2020 | 6 Years 0 Months | Current |
| Ajitabh Banerji | Director | 06 Jun 2022 | 4 Years 4 Months | Current |
| Harshil Mathur Also directs: Marsshot Ventures LLP, Razorpay Payments Private Limited, People Home Finance Limited and 5 more | Director | 28 Sep 2020 | 6 Years 0 Months | Current |
Peer Comparison of RZPX Private Limited
RZPX 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 |
|---|---|---|---|---|---|---|
| Concerto Software & Systems Private Limited | ₹121.02 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Thane, Maharashtra, India |
| Spay Technology Private Limited | ₹120.2 Cr (FY 2024) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Instant Mudra Technologies Private Limited | ₹119.34 Cr (FY 2024) | •••• | •••• | 409.0% | •••• | Navi Mumbai, Maharashtra, India |
| Citrus Payment Solutions Private Limited | ₹117.9 Cr (FY 2017) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Instant Global Paytech Private Limited | ₹117.89 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| RZPX Private Limited this company | ₹115.58 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Paramotor Digital Technology Limited | ₹112.33 Cr (FY 2025) | •••• | •••• | 232.0% | •••• | Mumbai, Maharashtra, India |
| Digital Payments Processing Limited | ₹111.47 Cr (FY 2018) | •••• | •••• | -84.0% | •••• | Mumbai, Maharashtra, India |
| Payswiff Technologies Private Limited | ₹110.87 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Hyderabad, Telangana, India |
| Vizpay Business Solution Private Limited | ₹109.81 Cr (FY 2025) | •••• | •••• | 245.0% | •••• | Mumbai, Maharashtra, India |
| Airbnb Payments India Private Limited | ₹108.91 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below RZPX 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 RZPX Private Limited
RZPX Private 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 |
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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 RZPX Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of RZPX Private Limited
RZPX Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of RZPX Private Limited
RZPX Private Limited has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2025.
Total deals
4
Acquisitions
2
Rights issue
1
Secondary share transfer
1
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Razorpay Software Limited , Razorpay Software Limited & Harshil Mathur Seller: Razorpay Ventures, Razorpay Inc & Harshil Mathur |
| Nov 2022 | Acquisition | ₹188.21 Cr | Buyer: Razorpay Ventures |
| Nov 2021 | Rights issue | ₹22.62 Cr | Investors: Razorpay Ventures |
| Mar 2021 | Acquisition | ₹38.05 Cr | Buyer: Razorpay Ventures |
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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.
Legal Cases of RZPX Private Limited
RZPX Private Limited has 3 court cases on record: 3 where it is another party. All cases are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Total cases
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
| District court, Idukki, Kerala | Criminal miscellaneous application | Company is another party | Disposed |
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Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at RZPX Private Limited
RZPX Private Limited has a workforce of 236 employees as of Feb 02, 2025.
Employee count
236
Active EPFO establishments
1
Employee growth
2.16%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of RZPX Private Limited
RZPX has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
1
Associated companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Razorpay Services Private Limited | U72300PN2015PTC156373 | Locked |
| Jhkp Technologies Private Limited | U74999MH2018PTC308684 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on RZPX Private Limited
RZPX Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Ajitabh Banerji ceased to be Additional Director on 27 Sep 2022.
AGM
Rzpx Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Rzpx Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ajitabh Banerji ceased to be Additional Director.
Appointed
Ajitabh Banerji was appointed as Director.
Appointed
Harshil Mathur was appointed as Director.
Appointed
Shashank Kumar was appointed as Director.
Incorporation
28 Sep 2020
Rzpx Private Limited was registered on 28 Sep 2020 with Roc Bangalore & aged 6 years 22 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for RZPX Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by RZPX Private Limited
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MSME payment history
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 RZPX Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of RZPX Private Limited
RZPX has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCR4702K1Z1 | Karnataka | Active | 29 Oct 2020 |
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GST registrations and filing compliance
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MCA Filings & Documents of RZPX Private Limited
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MCA filings and documents
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Related news about RZPX Private Limited
Frequently Asked Questions about RZPX Private Limited
RZPX is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 28 September 2020 (6+ years old) and is registered under CIN U72900KA2020PTC139072.
RZPX reported revenue of ₹115.58 Cr for FY 2025 (up 2% YoY).
RZPX has 3 current directors:
- Shashank Kumar - Director
- Ajitabh Banerji - Director
- Harshil Mathur - Director
RZPX reported a net loss of ₹76.49 Cr (net margin -66.2%) and EBITDA of -₹76.49 Cr (EBITDA margin -66.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of RZPX is 8% over three years. In the latest year (FY 2025) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of RZPX is 29AAKCR4702K1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of RZPX is U72900KA2020PTC139072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
RZPX has 3 court cases on record. Most are in the high courts.
RZPX was incorporated on 28 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
RZPX has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2025.
The peers of RZPX by revenue are Concerto Software & Systems Private Limited, Spay Technology Private Limited, Instant Mudra Technologies Private Limited, Citrus Payment Solutions Private Limited, Instant Global Paytech Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).