Company Intelligence Profile
Razorpay Software Limited
Razorpay Software Limited (CIN as-incorporated U72200KA2013PTC097389; now U72200KA2013PLC097389) is India's leading full-stack payments/fintech company — RBI-licensed payment aggregator, ~55% online PG market share, ~USD 180B annualised TPV — that reverse-flipped from the US to India and converted to a public company in 2025 ahead of a planned IPO.
Last updated 4 September 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Razorpay Software Limited |
|---|---|
| CIN | U72200KA2013PTC097389 |
| PAN | AAGCR4375J (derived from GSTIN 29AAGCR4375J1ZU; positions 3-12). Source: KnowYourGST. |
| Status |
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| Listing |
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| Incorporated | 24 May 2013. |
| ROC |
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| Sector (NIC) |
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| Registered address |
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| Authorized capital | Rs 1,500 Cr. Source: TheCompanyCheck (Rs 1,500 Cr) and Tofler (Rs 1,500.0 Cr) agree. |
| Paid-up capital | Rs 858.12 Cr. Source: TheCompanyCheck (Rs 858.12 Cr) and Tofler (Rs 858.1 Cr) agree. |
Business Overview
Confirmed- Razorpay is one of India's largest full-stack fintech / payments companies
- Core business is a payment gateway and RBI-licensed payment aggregator enabling online businesses to accept, process and disburse payments (cards, UPI, netbanking, wallets, EMI)
- Product suite spans Payment Gateway, Payment Links/Pages, RazorpayX (neo-banking/business banking & payouts), Razorpay Capital (lending), and POS/offline (Ezetap acquisition)
- Reported ~55% share of India's online payment-gateway market, 12M+ merchants, and annualised Total Payment Volume of ~USD 180B (targeting ~USD 400B by 2030)
- Source: coinlaw.io, valueforstartups, company materials
Directors & DINs
ConfirmedBoard (DINs confirmed by TheCompanyCheck + Tofler, both agree):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Shashank Kumar | 06556746 | Managing Director | - |
| Harshil Mathur | 06549915 | Director & CEO | - |
| Arif Khan | 09471450 | Director | - |
| Shilpa Mankar Ahluwalia | 02741174 | Independent Director | - |
| Ira Gupta | 07517101 | Independent Director | - |
| Subramaniam Somasundaram | 01494407 | Additional Director | - |
GST Registrations
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AAGCR4375J1ZU | Karnataka | AAGCR4375J (derived from GSTIN 29AAGCR4375J1ZU; positions 3-12). Source: KnowYourGST. | - |
| 29AAGCR4375J2ZT | Karnataka | AAGCR4375J (derived from GSTIN 29AAGCR4375J1ZU; positions 3-12). Source: KnowYourGST. | - |
| 06AAGCR4375J2Z1 | Haryana | AAGCR4375J (derived from GSTIN 29AAGCR4375J1ZU; positions 3-12). Source: KnowYourGST. | - |
PAN: AAGCR4375J. Primary GSTIN (Karnataka / home state): 29AAGCR4375J1ZU — legal name "Razorpay Software Private Limited", regular taxpayer, supplier of services, registered 11-Jul-2017, status Active (Source: KnowYourGST). A second Karnataka GSTIN 29AAGCR4375J2ZT ("Razorpay Software Limited", registered 02-Feb-2024) also exists. A Haryana registration 06AAGCR4375J2Z1 is recorded. KnowYourGST states the entity holds 7 GST registrations across states (incl. Maharashtra, Rajasthan, Haryana, Karnataka). #registrations: 7. Source: KnowYourGST, MastersIndia.
Financials (FY25)
Partial / conflictingCONFLICT / SCOPE NOTE — two very different figure sets exist because of the group restructuring:
CONSOLIDATED (group operations, FY25 = year ended 31-Mar-2025), widely reported:
| Operating revenue | Rs 3,783 Cr (Entrackr), up ~65% YoY from Rs 2,296 Cr (FY24). TheCompanyCheck shows Rs 3,932.11 Cr (likely total income incl. other income) |
|---|---|
| Gross profit | Rs 1,277 Cr (up 41%) |
| Net result | Net LOSS of Rs 1,209 Cr, driven largely by ESOP charges and a one-time reverse-flip (US→India redomicile) tax outlay of ~Rs 1,275 Cr funded from cash reserves. Core payments business turned EBITDA-positive during FY25 |
Entrackr, Business Standard, Angel One, PL India.
STANDALONE: Revenue Rs 187.3 Cr, EBITDA Rs -286.5 Cr, Net Profit Rs -1,021.6 Cr, Net worth Rs 3,771.9 Cr, Total assets Rs 4,906.9 Cr. Standalone is NOT representative of operating scale post-restructuring.
Treat the consolidated set as the operating picture; flag both. Net worth (standalone) ~Rs 3,772 Cr. Borrowings: not separately obtained (open charges = none, suggesting minimal secured debt).
Funding History
Confirmed- Total equity raised ~USD 740M across Series A–F. Series F (Dec 2021): USD 375M, co-led by Lone Pine Capital, Alkeon Capital and TCV
- peak valuation USD 7.5B. Earlier Series (Oct 2020): USD 100M and a USD 160M round led by Sequoia Capital India (Peak XV) and GIC that tripled valuation to USD 3B. Marquee investors: Lone Pine, Alkeon, TCV, Tiger Global, Sequoia/Peak XV, GIC, Ribbit Capital, Matrix Partners, Salesforce Ventures, Y Combinator, Mastercard
- Next event: India IPO (pending, 2026)
- Source: Razorpay newsroom/blog, TechCrunch, Bloomberg, Forbes India, Business Standard
In the News
ConfirmedRazorpay Software Number of Employees 2026 | Employee Count & Headcount Data
Revelio Labs · a month ago
NSE, Jio Platforms, Razorpay Software -India’s Three Biggest IPOs Pending with SEBI That Investors Should be Aware of
HDFC Sky · 2 months ago
India's Razorpay Software Files For IPO Via Confidential Route - Newspaper Ad
TradingView · 3 months ago
Headlines about Razorpay Software Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 11 days ago.
Source: Google News aggregated headlines
Charges & Loans
Partial / conflicting- Open charges: NONE
- Satisfied charges: Rs 75.94 Cr. No live secured borrowings identified
- Lender-level detail: not obtained
- Source: TheCompanyCheck
Legal Cases
ConfirmedMultiple matters (IndianKanoon / court records):
- Razorpay Software Pvt Ltd vs Union of India, Karnataka HC, WP 10329/2023, order 05-Mar-2024 — challenge to attachment of company bank accounts (Yes Bank) of ~Rs 6.75 Cr.
- Razorpay Software Pvt Ltd & Anr vs John Doe & Ors, Delhi HC, 02-Apr-2024 — anti-fraud/trademark passing-off (fraudulent association with public).
- M/s Bestpay Solutions Pvt Ltd vs M/s Razorpay Software Pvt Ltd, Karnataka HC, 06-Jul-2022 — arbitration under a 2020 gateway-services agreement.
- PMLA matter: Supreme Court dismissed the ED's SLP, upholding Karnataka HC quashing of money-laundering proceedings against Razorpay (linked to the WazirX/GainBitcoin-type merchant investigations; Razorpay was intermediary, not accused wrongdoer).
indiankanoon.org, casemine, itatonline, supremetoday.ai.
Competitors
ConfirmedIndian payment-aggregator / fintech peers:
- PayU India (Prosus) — large, comparable/leader scale
- Cashfree Payments — mid-large
- PhonePe Payment Gateway (PhonePe/Walmart) — large
- Paytm / One97 Communications — large, listed
- CCAvenue (Infibeam Avenues) — mid, listed
- Pine Labs — large (POS + online)
- Juspay — mid (orchestration)
- Stripe (India ops) — global
sector coverage + company descriptions.
Frequently Asked Questions
What does Razorpay Software Limited (converted from "Razorpay Software Private Limited" in April 2025 ahead of IPO). Source: TheCompanyCheck, Tofler, KnowYourGST. do?
What is the CIN of Razorpay Software Limited (converted from "Razorpay Software Private Limited" in April 2025 ahead of IPO). Source: TheCompanyCheck, Tofler, KnowYourGST.?
Where is Razorpay Software Limited (converted from "Razorpay Software Private Limited" in April 2025 ahead of IPO). Source: TheCompanyCheck, Tofler, KnowYourGST. registered?
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