Razorpay’s co-founders, Shashank Kumar and Harshil Mathur, have been recognized as India’s youngest billionaires in 2025, according to the Hurun Global Rich List. Both aged 34, they each hold a net worth of ₹8,643 crore.
Kumar and Mathur’s financial standing places them on par with China’s youngest billionaire, Wang Zelong, 29, who inherited a stake in CNNC Hua Yuan Titanium Dioxide Co. Despite different industry backgrounds, all three share the same net worth.
The journey of Kumar and Mathur began at IIT Roorkee, where they met as students. Their entrepreneurial path led to the foundation of Razorpay in 2014 in Bangalore. Before embarking on this venture, Kumar worked as a software development engineer at Microsoft, while Mathur served as a Wireline Field Engineer at Schlumberger. Frustrated by the inefficiencies in India’s online payment landscape, the duo launched Razorpay to address these challenges.
Razorpay’s growth trajectory has been impressive. By the end of 2021, the company secured $375 million in its Series-F funding round, reaching a valuation of $7.5 billion. The fintech firm has received backing from prominent investors, including Singapore’s sovereign wealth fund GIC, Sequoia Capital, Ribbit Capital, Tiger Global Management, Matrix Partners India, and Y Combinator.
India’s billionaire count has seen considerable fluctuations over the past decade. In 2022, the number surged to 249, driven by post-pandemic economic recovery. However, this figure declined to 187 in 2023 due to market corrections and global economic uncertainties. The trend reversed in 2024, with the count rising to 271, followed by a further increase to 284 in 2025, indicating sustained economic growth.
“The collective wealth of Indian billionaires has crossed the trillion-dollar milestone, marking a new era of financial prosperity,” said Anas Rahman Junaid, Founder and Chief Researcher at Hurun India. He highlighted that 62% of Indian billionaires experienced an increase in wealth, reflecting positive economic trends across the country.
As India’s entrepreneurial ecosystem continues to flourish, young business leaders like Kumar and Mathur exemplify the nation’s growing influence in the global fintech space. Their success underscores the potential of innovative solutions in shaping the country’s economic landscape.
