Razorpay
Leadership History
2 leaders · 2014 to present
Harshil Mathur is the CEO of Razorpay, in the role since 2014.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Harshil Mathur | Co-founder & CEO | 2014 | Present | 12 |
| Shashank Kumar | Co-founder & Managing Director | 2014 | Present | 12 |
Razorpay is often described as the Stripe of India. Founded in 2014 and headquartered in Bengaluru, it lets businesses accept payments online and in store, pay vendors and staff, and borrow against their sales. It is authorised by the RBI as a payment aggregator and became a public limited company, Razorpay Software Limited, in 2025 ahead of a planned IPO. The company is headquartered in Bangalore, India. Razorpay was founded in 2014 in Jaipur, Rajasthan, India, by IIT Roorkee alumni Harshil Mathur and Shashank Kumar, becoming the first Indian fintech accepted into Y Combinator before building India’s premier full-stack payments and neo-banking platform.
Razorpay earns most of its money from transaction fees. Merchants on its payment gateway pay a merchant discount rate on each successful payment (standard published pricing is 2% for most domestic cards, net banking and wallets, with consumer UPI largely at zero MDR under Indian rules). On top of that it sells RazorpayX business banking and payouts, RazorpayX Payroll subscriptions, Razorpay POS terminal rentals plus in-store acquiring fees, and Razorpay Capital credit through lending partners. Because gateway margins are thin after bank and network costs, gross profit (~$148 million (₹1,277 crore) in FY25 on ~$439 million (₹3,783 crore) revenue) is the better gauge of the business than headline revenue.
Co-founder & CEO
2014 – Present
12 years (current)
Kept Razorpay developer-focused, expanded it from a gateway into RazorpayX, POS and Capital, completed the 2025 reverse flip and led the 2026 IPO filing.
Grew Razorpay into one of India's largest payment companies, with ~$439 million (₹3,783 crore) FY25 revenue.
Co-founder & Managing Director
2014 – Present
12 years (current)
Kumar drove the massive, highly strategic expansion of 'RazorpayX' (neobanking for startups), transforming the company from a simple payment gateway into a massive financial operating system that handles payroll and corporate taxes.
As Co-Founder and Managing Director, he acts as the absolute driving force behind the company's incredibly rapid product innovation, fiercely defending its dominance against legacy banks.
Razorpay operates under the Reserve Bank of India's Payment Aggregator rules, and the RBI paused its onboarding of new online merchants in 2022 until the licence was granted. Zero-MDR UPI limits fees on India's most popular payment method, fraud and chargeback costs keep rising, and rivals such as PayU, Cashfree, PhonePe, Pine Labs and Paytm compete hard on price.
Harshil Mathur is the co-founder and CEO of Razorpay. An IIT Roorkee graduate who worked at Schlumberger, he started Razorpay with Shashank Kumar in 2014.
Shashank Kumar is the co-founder and Managing Director of Razorpay. Also an alumnus of IIT Roorkee, Kumar previously worked as a software engineer at Microsoft before co-founding Razorpay, where he architected the core payment infrastructure, neobanking platform, and technological product roadmap.
Harshil Mathur is recognized for his product-first mindset, transparent communication, deep engineering respect, and culture of customer obsession, regularly mentoring budding Indian entrepreneurs.
Mathur and Kumar have received several Indian startup and business awards; Razorpay itself has been named among India's leading fintech companies by business media.
During the 2022 RBI onboarding pause, the founders focused on compliance and existing merchants, POS and banking products until final payment aggregator authorisation arrived.
Razorpay is led by co-founders Harshil Mathur (CEO) and Shashank Kumar (Managing Director), with a senior team spanning finance, business and technology.
Razorpay's culture is guided by its 'RazorX' values: Customer Obsession, Ownership, High Velocity, Innovation, and Transparency, maintaining a flat organizational structure where engineers are empowered to ship impactful software.
Harshil Mathur envisions Razorpay as the foundational financial operating system powering the digital economy of emerging markets, enabling millions of businesses to accept payments, manage cash flow, and access capital effortlessly.
Harshil Mathur is the Co-Founder and Chief Executive Officer of Razorpay, having led the company since its inception in 2014.
Harshil Mathur graduated with a degree in computer engineering from the Indian Institute of Technology (IIT) Roorkee in 2013 and worked briefly as a software engineer at Schlumberger before resigning to launch Razorpay.
Shashank Kumar is the Co-Founder and Managing Director (former CTO) of Razorpay, having also graduated from IIT Roorkee; he leads technological architecture, long-term product vision, and corporate expansion.
Harshil Mathur and Shashank Kumar were named in Forbes 30 Under 30 Asia, Fortune India 40 Under 40, and received the Economic Times Startup of the Year award, recognized among India’s top tech innovators.
Mathur engaged transparently with the Reserve Bank of India, upgrading systemic risk controls, data localization, and net-worth compliance standards, ultimately securing final regulatory approval in December 2023.
Razorpay is headquartered in Bangalore (Bengaluru), Karnataka, operating an extensive campus in Koramangala, with regional offices in Mumbai, Delhi, and Kuala Lumpur.
Razorpay operates with empowered business unit heads across Payment Gateway, RazorpayX, Offline POS (Ezetap), and International (Curlec), reporting to Harshil Mathur and Shashank Kumar.
Razorpay’s culture is defined by "Customer First", transparent communication, extreme transparency, continuous product hackathons, and empowering engineers to solve foundational financial bottlenecks.
Compare executive leadership tenures and strategic transitions
Explore Razorpay
Core profile pages, founders and related research hubs for this company.