Falguni Nayar

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Falguni Nayar
Born (1963-02-19) 19 February 1963 (age 58)[1]
Mumbai, Maharashtra, India
NationalityIndian
EducationMBA Finance
Alma mater
OccupationFounder & CEO of Nykaa
Years active1963–present
Spouse(s)
Sanjay Nayar
​
(m. 1987)​
Children2

Falguni Nayar (born 19 February 1963) is an Indian businesswoman and billionaire who[2][3] is the founder and CEO of the beauty and lifestyle retail company Nykaa.[4][5] Nayar is one of two self-made female, Indian billionaires. Nayar is now the first female Indian billionaire with her estimated wealth to the tune of $6.5 billion, after recent listings, and in the top 20 richest people of India.

Early life and education[]

Nayar was born and raised in a Gujarati family in Mumbai, Maharashtra.[6][7] She is a graduate from Sydenham College of Commerce and Economics and a postgraduate from the Indian Institute of Management Ahmedabad.[8]

Career[]

In 1993, Nayar joined Kotak Mahindra Group for 19 years. In 2005, she was appointed as a managing director and exited in 2012.[9][10]

In April 2012, at the age of 50,[11] she founded Nykaa with $2 million of her own money.[12] Nykaa was worth $2.3 billion as of 2021 bringing Nayar's fortune to an estimated $1.1 billion. Nayar is one of 2 self-made female Indian billionaires, the other being Kiran Mazumdar-Shaw.[13][14] Nykaa listed at $13 billion on 10 November 2021 making Nayar India's richest self-made woman and is now among India's top 20 richest people.[12][15]

Personal life[]

Falguni hails from a Gujarati family, but was born and brought up in Mumbai. Her father was a businessman and ran a small bearings company, assisted by her mother.[7] She married Sanjay Nayar in the year 1987, whom she met at business school.[16][17][7] Her 2 children are Adwaita Nair and Anchit Nair.

References[]

  1. ^ "Bio". Leaderbiography.com. 26 July 2018. Retrieved 30 April 2021.
  2. ^ "Nykaa clocks Rs 214 cr revenue in 2016-17". The Financial Express. 2017-06-08. Retrieved 2021-04-16.
  3. ^ Bhandari, Shashwat (2020-03-08). "International Women's Day: Top 5 women ruling world of business". www.indiatvnews.com. Retrieved 2021-04-16.
  4. ^ Suneera Tandon, qz com. "How online retailer Nykaa became the byword for top-end beauty products in India". Scroll.in. Retrieved 2021-04-16.
  5. ^ An; J; Jun 27, Shalina Pillai | TNN |; 2017; Ist, 15:52. "For any business, the first year is a honeymoon period: Nykaa founder Falguni Nayar - Times of India". The Times of India. Retrieved 2021-04-16.CS1 maint: numeric names: authors list (link)
  6. ^ "Success story of Falguni Nayar – Glow & Lovely Careers". Retrieved 2021-10-11.
  7. ^ a b c Kapur, Mallika (2017-03-24). "Falguni Nayar: The beauty entrepreneur". mint. Retrieved 2021-11-10.
  8. ^ Kapur, Mallika (2017-03-24). "Falguni Nayar: The beauty entrepreneur". mint. Retrieved 2021-04-16.
  9. ^ "Giving advice on beauty is best way to sell beauty products, says Falguni Nayar, Nykaa-Business News , Firstpost". Firstpost. 2015-11-06. Retrieved 2021-07-02.
  10. ^ Kazi, Zainab S. (2016-11-02). "E-beauty space leader Nykaa to open 30 stores by 2020". Indiaretailing.com. Retrieved 2021-07-02.
  11. ^ "Get A Glimpse Into The Mind Of Falguni Nayar, The Woman Behind The Force That Is Nykaa". iDiva. 2017-03-08. Retrieved 2021-04-16.
  12. ^ a b Raghunathan, Anu. "Beauty Retailer Nykaa Lists At $13 Billion, Making Founder Falguni Nayar India's Richest Self-Made Woman". Forbes. Retrieved 2021-11-10.
  13. ^ Nast, Condé (2021-10-28). "Nykaa owner billionaire Falguni Nayar is all set to triple her net worth to an estimated Rs 28,000 crore". GQ India. Retrieved 2021-11-08.
  14. ^ "Nykaa founder Falguni Nayar's beauty startup jolts her into the ranks of the world's richest". Bizz Buzz News. 10 November 2021.
  15. ^ Singh, Tushar Deep. "Who is Falguni Nayar, India's richest self-made woman?". The Economic Times. Retrieved 2021-11-10.
  16. ^ Chowdhry, Tamal Bandyopadhyay and Seema (2008-02-09). "The power of 2". mint. Retrieved 2021-07-02.
  17. ^ crazibrains. "Falguni Nayar: The Woman Behind Nykaa". thenewsmen. Retrieved 2021-07-02.
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