India’s youngest billionaires in 2025 are Razorpay’s co-founders Shashank Kumar and Harshil Mathur.
The duo, each 34 years previous, have a internet value of ₹8,643 crore every, in accordance with the Hurun World Wealthy Listing 2025.
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Compared, China’s youngest billionaire, Wang Zelong who inherited a stake of CNNC Hua Yuan Titanium Dioxide Co, is 29 years of age with a internet value of the identical ₹8,643 crore.
Kumar and Mathur met whereas they have been college students at IIT Roorkee and based Razorpay in 2014 in Bangalore.
Previous to Razorpay, Kumar labored as a software program growth engineer at Microsoft, whereas Mathur labored as a Wireline Subject Engineer at Schlumberger, in accordance with their respective LinkedIn profiles.
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Mathur specifically, wrote on his LinkedIn profile that they began Razorpay “after discovering the dismal state of on-line funds in India.”
By the tip of 2021, Razorpay raised round $375 million in its Collection-F funding spherical with a valuation of $7.5 billion.
It’s backed by Singaporean sovereign wealth fund GIC, Sequoia, Ribbit Capital, Tiger World Administration, Matrix Companions India, and Y Combinator.
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The variety of billionaires in India has fluctuated considerably over the previous 12 years, with a pointy surge in 2022 the place the quantity rose to 249, pushed by post-pandemic restoration, in accordance with Hurun.
Nonetheless, a decline to 187 billionaires occurred in 2023 on account of market corrections and world uncertainties, following which, the pattern reversed in 2024 with 271 billionaires and in 2025 with 284 billionaires, indicating “a powerful restoration and continued development.”
“The collective wealth of Indian billionaires has surpassed the trillion-dollar milestone, signalling a brand new period of prosperity,” mentioned Anas Rahman Junaid, the Founder and Chief Researcher, Hurun India. “Notably, 62% of those billionaires have skilled elevated wealth, underscoring the optimistic financial tendencies sweeping the nation.”
