Shashank Kumar and Harshil Mathur, co-founders of Razorpay, have become India’s youngest billionaires in 2025. At just 34 years old, both have a net worth of ₹8,643 crore each, according to the Hurun Global Rich List 2025. Their success highlights the rapid growth of India’s fintech sector and the increasing influence of young entrepreneurs in the country’s business landscape.
India’s Youngest Billionaires In 2025
Kumar and Mathur’s journey began at IIT Roorkee, where they developed a shared passion for technology and problem-solving. Their entrepreneurial ambitions took shape in 2014 when they founded Razorpay, a digital payments company aimed at simplifying online transactions for businesses in India.
The idea for Razorpay was born out of frustration. While working on a crowdfunding platform, the duo faced significant challenges with existing payment gateways. The process was complicated, expensive, and lacked proper support, making it difficult for startups to integrate seamless payment solutions. Recognizing a major gap in the market, they decided to build a system that would make digital transactions easier for businesses of all sizes.
Before launching their company, both founders had corporate careers. Kumar worked as a software development engineer at Microsoft, where he gained valuable technical expertise. Mathur, meanwhile, was a wireline field engineer at Schlumberger, a role that required analytical thinking and problem-solving. These experiences played a crucial role in shaping their ability to create a scalable and efficient payment platform.
Their journey to becoming India’s youngest billionaires reflects how innovation in fintech is reshaping the country’s economy. Digital payments have surged in India, driven by government initiatives and a booming startup culture. Razorpay quickly became a leader in the industry, helping businesses across the country process transactions smoothly.
One of the biggest challenges in India’s digital economy was the low penetration of credit cards and an underdeveloped payment infrastructure. Small businesses, in particular, struggled with online transactions due to complex banking procedures and high setup costs. Kumar and Mathur saw this as an opportunity to democratize digital payments, making them more accessible to startups and SMEs.
Today, Razorpay is a key player in India’s fintech ecosystem, handling billions in transactions every year. The company has introduced innovative financial solutions, including lending services and banking tools tailored for businesses. Their vision has not only disrupted the payments industry but also inspired a new wave of young entrepreneurs in India.
India now has 284 billionaires, a significant recovery from past declines caused by economic fluctuations. The rise of young billionaires like Kumar and Mathur signals a shift in the country’s business environment, where technology-driven startups are creating immense wealth at a rapid pace.
Their story is a testament to how corporate experience, combined with entrepreneurial vision, can lead to groundbreaking success. Kumar and Mathur’s ability to identify market inefficiencies, coupled with their technical expertise, helped them transform an idea into a billion-dollar company.
As India’s youngest billionaires, they serve as an inspiration to aspiring entrepreneurs looking to make an impact in the digital economy. Their journey proves that with the right combination of innovation, determination, and problem-solving skills, young leaders can redefine industries and build successful businesses.
