Rzpx Private Limited - Due diligence report

A 360° intelligence report on Razorpay: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…

2020-09-28 Bangalore, Karnataka Active Unlisted
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RP Rzpx Private Limited
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Razorpay — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Razorpay is assessed as Low Risk with a Trust Score of 82/100. Razorpay is an active private limited indian non-government company incorporated in 2020, operating in the Financial Services sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Rzpx Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SHASHANK KUMAR 01234567 Director 01/04/2018 6 yrs Approved
AJITABH BANERJI 01234567 Director 01/04/2018 6 yrs Approved
HARSHIL MATHUR 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2025 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Razorpay, Inc.
Subsidiaries
2
Group entities
3
Capital events
6 allotment(s) · 2 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Jhkp Technologies Private Limited Subsidiary Company 74.00%
Razorpay Services Private Limited Subsidiary Company 74.00%
Razorpay, Inc. Holding Company 74.00%
Hostbooks Limited Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence87/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view70/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 14 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2023
Share transfer (FY 2023)
50.00000000 shares to RAZORPAY INC
Share transfer (FY 2023)
49.00000000 shares to RAZORPAY INC
25 Nov 2022
Securities allotted
4952985 Equity Shares - 188.21 cr raised
27 Sep 2022
Director ceased
AJITABH BANERJI
06 Jun 2022
Director appointed
AJITABH BANERJI (Director)
09 Feb 2022
Securities allotted
862774 Equity Shares - 15.12 cr raised
09 Nov 2021
Securities allotted
427674 Equity Shares - 7.50 cr raised
19 Jul 2021
Securities allotted
2398910 Equity Shares - 37.32 cr raised
16 Mar 2021
Securities allotted
46712 Equity Shares - 72.67 Lakh raised
28 Sep 2020
Incorporated
Registered with Roc Bangalore
Director appointed
SHASHANK KUMAR (Director)
Director appointed
HARSHIL MATHUR (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2025 annual return.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Invecto Technologies Private Limited U72900MH2022PTC377444 Mumbai, Maharashtra, India
Credavenue U72900TN2020PTC137251 Chennai, Tamil Nadu, India
Tera Soft L72200TG1994PLC018391 Hyderabad, Telangana, India
Hoonartek U72900PN2021PTC201337 Pune, Maharashtra, India
Unicommerce Esolutions L74140DL2012PLC230932 New Delhi, Delhi, India
Vgipl L93000MH1997PLC110645 Nagpur, Maharashtra, India
Focusinfotech U72300TN1997PTC039190 Saidapet, Tamil Nadu, India
Mega Calibre Enterprises Private Limited U64100DL1995PTC070028 New Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Razorpay before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Razorpay: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Razorpay - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Razorpay pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Razorpay - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Razorpay an active company?

Razorpay has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Razorpay financially healthy?

Razorpay has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Razorpay?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Razorpay?

The ultimate holding entity is Razorpay, Inc.. 3 active director(s) are on record.

Does Razorpay have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Razorpay up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Razorpay?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.