Company Intelligence Profile
Razorpay Payments Private Limited
The dedicated RBI payment-aggregator entity of the Razorpay group — Razorpay Software Ltd transferred its payment-aggregation business into this company (RBI nod Oct 2025, live 1 Jan 2026) and merged Ezetap into it.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Razorpay Payments Private Limited |
|---|---|
| CIN | U62099KA2024PTC188982 |
| PAN | AANCR6717K (derived from GSTIN 29AANCR6717K1ZN, which embeds the PAN; positions 3-12). Reliable. NOTE: distinct from group operating company Razorpay Software Ltd's PAN AAGCR4375J. |
| Status | Active (Unlisted, Private Limited Company, Company limited by shares, Non-government). Source: TheCompanyCheck, Tofler, IndiaFilings. |
| Listing | Unlisted. Wholly-owned subsidiary within the Razorpay group. (The group is preparing an India IPO, but the listing vehicle is the holding/operating company, not this PA entity.) Source: IndiaFilings; Inc42/YourStory on Razorpay IPO. |
| Incorporated | 26 May 2024. Source: TheCompanyCheck, Tofler, IndiaFilings (all agree). |
| ROC | RoC-Bangalore (Karnataka). Registration no. 188982. Source: IndiaFilings, TheCompanyCheck. |
| Sector (NIC) | CIN industry code 62099 → NIC 62099 "Other information technology and computer service activities" (IT/computer/payments services). GST nature of business: "Supplier of Services". NOTE: Tofler mislabels the industry as "Transport and Storage" — inconsistent with CIN code 62099 and treated as a Tofler data error. Source: CIN structure; KnowYourGST. |
| Registered address | First Floor, SJR Cyber, 22, Laskar Hosur Road, Adugodi, Bangalore South, Karnataka, India, 560030. Source: TheCompanyCheck, Tofler, IndiaFilings, KnowYourGST (all agree). |
| Authorized capital | ₹2,000 crore (₹20,00,00,00,000). Source: IndiaFilings, Tofler. (TheCompanyCheck shows ₹2,001.6 Cr — treat ₹2,000 Cr as the reliable figure; minor source discrepancy noted.) |
| Paid-up capital | ₹1,924.07 crore (₹19,24,06,97,400). Source: IndiaFilings, Tofler, TheCompanyCheck (all agree). The large paid-up capital reflects capital infused by the parent to house the transferred payment-aggregation business and the Ezetap merger. |
Business Overview
Confirmed- Razorpay Payments Private Limited is the ring-fenced, RBI-regulated Payment Aggregator (PA) entity of the Razorpay group
- As part of an internal restructuring to isolate the RBI-licensed payments business (and ahead of the group's planned India IPO): (1) Razorpay Software Pvt Ltd received RBI approval on 29 Oct 2025 to transfer its Payment Aggregation business to this entity, operationalized 1 Jan 2026
- and (2) Ezetap Mobile Solutions Pvt Ltd (Razorpay's offline/POS acquisition) was merged into this company, which is the surviving entity (operationalized ~1 Oct 2025)
- The company was incorporated 26 May 2024 specifically as this vehicle
- It therefore houses Razorpay's online + offline payment-aggregation operations under dedicated RBI PA compliance
- Source: Entrackr/Inc42/ComplianceCalendar coverage of the PA-business transfer and Ezetap merger
- Razorpay newsroom
Directors & DINs
Confirmed3 directors, DINs confirmed by 2 sources (Falconebiz/Tofler and IndiaFilings agree): (1) Harshil Mathur — Director & Group CEO, DIN 06549915, appointed 26-05-2024; (2) Shashank Kumar — Director (group co-founder/MD), DIN 06556746, appointed 26-05-2024; (3) Shivli Katyayan — Additional/Director, DIN 11147550, appointed 10-06-2025.
GST & PAN
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AANCR6717K1ZN | Karnataka | AANCR6717K (derived from GSTIN 29AANCR6717K1ZN, which embeds the PAN; positions 3-12). Reliable. NOTE: distinct from group operating company Razorpay Software Ltd's PAN AAGCR4375J. | - |
| 29AAGCR4375J1ZU | Karnataka | AANCR6717K (derived from GSTIN 29AANCR6717K1ZN, which embeds the PAN; positions 3-12). Reliable. NOTE: distinct from group operating company Razorpay Software Ltd's PAN AAGCR4375J. | - |
Primary GSTIN: 29AANCR6717K1ZN (Karnataka / Bengaluru Urban), registered 02 Jul 2024, Constitution: Private Limited Company, Taxpayer type: Regular, Status: Active, Nature: Supplier of Services. PAN: AANCR6717K. Home state: Karnataka (state code 29). Number of registrations: at least 1 confirmed (Karnataka); additional state registrations not obtained. Source: KnowYourGST, Piceapp. ENTITY-CONFUSION GUARD: do NOT confuse with group co Razorpay Software Ltd GSTIN 29AAGCR4375J1ZU / PAN AAGCR4375J, or Razorpay Technologies Pvt Ltd — those are separate entities.
Funding
Partial / conflicting- Not independently venture-funded
- This is a wholly-owned group subsidiary capitalized by its parent (₹1,924.07 Cr paid-up equity infused to house the PA business + Ezetap merger)
- External funding rounds and the ~$7.5B valuation / ~$741M raised widely reported for "Razorpay" attach to the group holding/operating company, not to this specific CIN
- Named funding rounds should be attributed to the group, not this entity
- Source: reverse-flip/IPO coverage (Inc42, YourStory, Entrackr)
Competitors
Confirmed- Indian payment-aggregator / payment-gateway peers: PayU India (Prosus-owned
- large), PhonePe Payment Gateway (large), Paytm / One97 Communications - Paytm Payment Gateway (large, listed), Cashfree Payments (mid), CCAvenue / Infibeam Avenues (mid, listed), Pine Labs (large, offline+online), Stripe India (global)
- Named peers with rough scale tags
Frequently Asked Questions
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