Razorpay completes reverse flip from US to India with MCA approval

Digital payments firm Razorpay has completed the reverse flip of its parent entity from the US to India, the company informed its board of directors. According to regulatory filings reviewed by ET, the Regional Director (Southeast Region) of the Ministry of Corporate Affairs (MCA) has approved the merger of Razorpay Inc. with Razorpay Software Pvt Ltd, its Bengaluru-based Indian entity.