COMPANY INTELLIGENCE PROFILE
Razorpay Software Limited
Razorpay Software Limited (CIN U72200KA2013PLC097389) is the India parent of the Razorpay fintech group — a leading full-stack payments and business-banking platform — an unlisted public company preparing for an India IPO; standalone FY25 revenue Rs 52 cr vs consolidated group revenue Rs 3,783 cr.
Razorpay Software Limited, incorporated on 24 May 2013, is an active unlisted public company in India, primarily serving as the parent of the Razorpay fintech group. Specializing in full-stack payments and business banking, the company is preparing for an India IPO. For FY2024-25, standalone revenue stood at Rs 52 crore while the consolidated group revenue was Rs 3,783 crore. Razorpay is equity-funded and holds no notable credit ratings.
AI-generated, may contain errors.
Business Overview
- Razorpay is one of India's leading full-stack fintech companies providing online payment gateway/aggregation, payouts and neobanking/business-banking (RazorpayX), lending, Razorpay Capital, and payroll services to merchants and businesses.
- This legal entity is the India parent/holding company of the Razorpay group following its May 2025 reverse-flip from the US to India.
Sector & Classification
NIC 72200 (per CIN prefix U72200) — "Computer programming, consultancy and related activities" / software. Operationally a fintech payment aggregator/gateway and business-banking platform (holds RBI Payment Aggregator licence at group level).
Directors & Key Management
Board (per TheCompanyCheck/Tofler/Falconebiz, 2025-26): - Shashank Kumar — Managing Director & Co-founder; DIN 06556746 [source: IndiaFilings] - Harshil Mathur — Director / CEO & Co-founder; DIN 6549915 (i.e. 06549915) [source: MyCorporateInfo] - Arif Khan — Director (appointed 27 Mar 2025); DIN not obtained - Subramaniam Somasundaram — Additional/Independent Director (appointed 11 Aug 2025); DIN not obtained - Ira Gupta — Additional/Independent Director (appointed 11 Aug 2025); DIN not obtained - Shilpa Mankar Ahluwalia — Additional/Independent Director (appointed 11 Aug 2025); DIN not obtained Key management: Arpit Chug — CFO (not a board director per filings). DINs for the four non-founder directors not obtained from allowed sources (Falconebiz blocked by CAPTCHA; MCA disallowed).
GST Registrations
Primary GSTIN: 29AAGCR4375J1ZU — Karnataka (state code 29), status ACTIVE, Regular taxpayer, registered 01-Jul-2017 [source: KnowYourGST/Masters India/Pice]. Second Karnataka GSTIN: 29AAGCR4375J2ZT — status ACTIVE, registered as Input Service Distributor (ISD), registered 02-Feb-2024 [source: KnowYourGST]. PAN: AAGCR4375J. Home state: Karnataka. Number of registrations: reported ~7 across multiple states (incl. Maharashtra, Rajasthan, Haryana, Karnataka) [source: KnowYourGST — not independently cross-verified; partial].
Financials
Razorpay Software Limited saw a drastic revenue drop to Rs 52.1 crore in FY2024-25 due to a business shift post-reverse-flip, transitioning to a holding company. Yet, the group's consolidated revenue rose 65% to Rs 3,783 crore. The net loss stood at Rs 1,209 crore, impacted by ESOP charges and tax costs. The net worth increased by 392.9% to Rs 3,771.9 crore due to capital infusion and restructuring.
AI-generated, may contain errors.
| STANDALONE — Razorpay Software Limited, FY2024-25, audited, per Tofler: | |
| Revenue | Rs 52.1 crore, down ~97.86% YoY, — sharp fall reflects operating business/revenue shifting to subsidiaries after the reverse-flip |
| This entity is now largely a holding company. | |
| EBITDA | approx. -Rs 286.5 crore |
| Net loss (PAT) | -Rs 1,021.6 crore |
| Net worth | Rs 3,771.9 crore, up ~392.9% YoY, reflecting capital infusion/restructuring |
| Total assets | Rs 4,906.9 crore |
| [source | Tofler] |
| CONSOLIDATED — Razorpay group, FY2024-25, per Entrackr/Medianama: | |
| Operating revenue | Rs 3,783 crore (up ~65% YoY) |
| Gross profit | Rs 1,277 crore, up ~41% from Rs 906 cr |
| Net loss | Rs 1,209 crore — driven largely by one-off ESOP charge and reverse-flip (redomicile) tax cost. |
| [source | Entrackr Fintrackr, Medianama, Oct 2025] |
| CONFLICT/CAVEAT | Standalone (Rs 52 cr) vs consolidated (Rs 3,783 cr) revenue differ by design post-restructuring — do not conflate. Borrowings: not obtained, company is predominantly equity-funded. |
Funding History
- Total raised ~$742 million across ~11 rounds from ~37 investors [source: Tracxn — figures only]. Notable rounds: Series F (Dec 2021) ~$375M at a $7.5 billion valuation, led by Lone Pine Capital, Alkeon, TCV
- Earlier backers include Tiger Global, Sequoia Capital India (now Peak XV), GIC, Ribbit Capital, Matrix Partners, Y Combinator.
- June 2026 DRHP reportedly targets a valuation at a discount to the 2021 $7.5B mark, source conflict on exact number. [sources: Entrackr, coinlaw, Tracxn]
Loans & Charges
- No open charges/secured borrowings confirmed from allowed sources
- Company is largely equity-funded. Charge register not obtained, MCA disallowed; Falconebiz blocked. Marked "not obtained".
Credit Ratings
- None found. No CRISIL / ICRA / CARE credit rating located for Razorpay Software Limited, consistent with an equity-funded company carrying little/no rated debt. Do not attribute any group-entity rating to this entity.
Legal & Compliance
- Litigation involving Razorpay Software, Private/Limited, per Indian Kanoon: Razorpay Software Pvt Ltd vs Union of India, Karnataka HC, 2024, writ
- Razorpay Software Pvt Ltd & Anr vs John Doe & Ors, Delhi HC, 2024, IP/anti-infringement commercial suit
- Razorpay Software Pvt Ltd vs State of Karnataka, Karnataka HC, 2022, writ
- Bestpay Solutions vs Razorpay Software Pvt Ltd, Karnataka HC, 2022, commercial dispute
- Razorpay Software Pvt Ltd vs Deputy Director, Directorate, Delhi HC, 2023, regulatory/ED-related writ
- Razorpay Software Limited vs PayU Payments Pvt Ltd, Delhi HC, 2026, commercial. [source: Indian Kanoon search]
Competitive Landscape
- PayU India (large-scale), Cashfree Payments (mid-large), PhonePe Payment Gateway (large), Paytm / One97 Communications (large, listed), CCAvenue / Infibeam Avenues (mid, listed), Pine Labs (large), Stripe India (large, global). Rough scale tags in parentheses.
Frequently Asked Questions
What does Razorpay Software Limited do?
Razorpay Software Limited is the India parent of the Razorpay fintech group, a leading full-stack payments and business-banking platform in India. It provides online payment gateway/aggregation, payouts, neobanking/business-banking (RazorpayX), lending (Razorpay Capital), and payroll services to merchants and businesses.
What is the CIN of Razorpay Software Limited?
The CIN of Razorpay Software Limited is U72200KA2013PLC097389.
What are the GSTINs of Razorpay Software Limited?
Razorpay Software Limited has two primary GSTINs in Karnataka: 29AAGCR4375J1ZU, which is active as a regular taxpayer since 01-Jul-2017, and 29AAGCR4375J2ZT, which is active as an Input Service Distributor (ISD) since 02-Feb-2024.
When was Razorpay Software Limited incorporated?
Razorpay Software Limited was incorporated on 24 May 2013.
Where is the registered office of Razorpay Software Limited?
The registered office of Razorpay Software Limited is located at 1st Floor, SJR Cyber, 22 Laskar Hosur Road, Adugodi, Bangalore, Karnataka 560030.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.