India's youngest billionaires are 34 years old. Their net worth: ₹8,643 crore each
Before Razorpay, Shashank Kumar was a software development engineer at Microsoft, while Harshil Mathur worked as a wireline field engineer at Schlumberger.
India's youngest billionaires in 2025 are Razorpay's co-founders Shashank Kumar and Harshil Mathur.
The duo, both 34 years old, have a net worth of ₹8,643 crore each, according to the Hurun Global Rich List 2025.
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In comparison, China's youngest billionaire, Wang Zelong who inherited a stake of CNNC Hua Yuan Titanium Dioxide Co, is 29 years of age with a net worth of the same ₹8,643 crore.
Kumar and Mathur met while they were students at IIT Roorkee and founded Razorpay in 2014 in Bangalore.
Prior to Razorpay, Kumar worked as a software development engineer at Microsoft, while Mathur worked as a Wireline Field Engineer at Schlumberger, according to their respective LinkedIn profiles.
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Mathur in particular, wrote on his LinkedIn profile that they started Razorpay “after discovering the dismal state of online payments in India.”
By the end of 2021, Razorpay raised around $375 million in its Series-F funding round with a valuation of $7.5 billion.
It is backed by Singaporean sovereign wealth fund GIC, Sequoia, Ribbit Capital, Tiger Global Management, Matrix Partners India, and Y Combinator.
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The number of billionaires in India has fluctuated significantly over the past 12 years, with a sharp surge in 2022 where the number rose to 249, driven by post-pandemic recovery, according to Hurun.
However, a decline to 187 billionaires occurred in 2023 due to market corrections and global uncertainties, following which, the trend reversed in 2024 with 271 billionaires and in 2025 with 284 billionaires, indicating “a strong recovery and continued growth.”
“The collective wealth of Indian billionaires has surpassed the trillion-dollar milestone, signalling a new era of prosperity,” said Anas Rahman Junaid, the Founder and Chief Researcher, Hurun India. “Notably, 62% of these billionaires have experienced increased wealth, underscoring the positive economic trends sweeping the nation.”
