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Who Is Falguni Nayar ? Meet The Founder of Nykaa and India’s Richest Self-made Female Entrepreneur :- Falguni Nayar is an Indian billionaire businesswoman who is the founder and CEO of the beauty and lifestyle retail company Nykaa, formally known as FSN E-Commerce Ventures, which is an acronym of her own name. Nayar is one of two self-made female Indian billionaires.
Born in 1963, Nayar graduated from Sydenham College of Commerce and Economics in Mumbai and then went on to earn an MBA in finance from the Indian Institute of Management Ahmedabad. She began her career in consulting with A.F. Ferguson & Co. before moving to Kotak Mahindra Bank in 1994. At Kotak, she rose through the ranks to become the managing director of Kotak Mahindra Capital, the investment banking unit, and director of Kotak Securities, the institutional equities arm.
In 2012, at the age of 50, Nayar quit her job at Kotak to start Nykaa. She was inspired to start the company after struggling to find quality beauty products in India. Nykaa began as an online retailer of beauty products, but has since expanded to include offline stores, a private label, and a beauty subscription service.
Nykaa has been a huge success, and Nayar is now one of the richest women in India. In 2021, Nykaa went public, making Nayar the richest self-made female entrepreneur in the country.
Nayar is a role model for aspiring entrepreneurs and businesswomen. She is proof that it is possible to achieve success, even later in life, if you have a vision and are willing to take risks.
Falguni Nayar’s Achievements :
Here are some of Falguni Nayar’s most notable achievements:
- Founded Nykaa, one of India’s leading beauty and lifestyle retail companies. Nykaa is now worth over $13 billion, and it is the largest beauty e-commerce company in India.
- Self-made billionaire, and the richest self-made female entrepreneur in India. Nayar started Nykaa with her own money, and she has built it into a multi-billion dollar company.
- Named one of Asia’s Power Businesswomen by Forbes Asia and Businessperson of the Year by Vogue India. Nayar has been recognized for her success as an entrepreneur and for her contributions to the Indian business community.
- Awarded the EY Entrepreneur of The Year 2019 – Start-up Award by Ernst and Young. This award is given to entrepreneurs who have demonstrated exceptional leadership and innovation.
Nayar’s achievements are even more impressive given that she started Nykaa at the age of 50. She is a role model for aspiring entrepreneurs and businesswomen, and her story is a reminder that it is possible to achieve success, no matter your age or background.
In addition to her achievements in business, Nayar is also a strong advocate for women’s empowerment and social causes. She is a member of the board of directors of several companies, including ACC, Dabur, Endurance Group, and Tata Technologies. She is also the founder of the Nykaa Foundation, which works to empower women and girls through education and skills training.
Falguni Nayar is an inspiration to many, and her story is a reminder that anything is possible if you set your mind to it.
Who Is Falguni Nayar ? Meet The Founder of Nykaa and India’s Richest Self-made Female Entrepreneur
Who Is Falguni Nayar ?
Falguni Nayar is an Indian billionaire businesswoman who is the founder and CEO of the beauty and lifestyle retail company Nykaa. She is one of the most successful entrepreneurs in India, and she is known for her vision, leadership, and commitment to excellence.
Nayar was born in Mumbai, India in 1963. She graduated from Sydenham College of Commerce and Economics and then went on to earn an MBA in finance from the Indian Institute of Management Ahmedabad. She began her career in consulting with A.F. Ferguson & Co. before moving to Kotak Mahindra Bank in 1994. At Kotak, she rose through the ranks to become the managing director of Kotak Mahindra Capital, the investment banking unit, and director of Kotak Securities, the institutional equities arm.
Falguni’s Personal Life
Falguni Nayar is married to Sanjay Nayar, the CEO of Kohlberg Kravis Roberts India. They met at the Indian Institute of Management Ahmedabad and have been married for over 30 years. They have two children, Adwaita and Anchit. Adwaita is the CEO of Nykaa Fashion, while Anchit heads the retail and e-commerce divisions of Nykaa.
Nayar is known for her dedication to her family and her work. She is also a strong advocate for women’s empowerment and social causes. She is a member of the board of directors of several companies, including ACC, Dabur, Endurance Group, and Tata Technologies. She is also the founder of the Nykaa Foundation, which works to empower women and girls through education and skills training.
Nayar is a role model for many, and her story is a reminder that anything is possible if you set your mind to it.
Beginning of Nykaa
Falguni Nayar started Nykaa in 2012, at the age of 50. She was inspired to start the company after struggling to find quality beauty products in India. Nayar wanted to create a platform where Indian women could find all the beauty products they needed, from international brands to affordable domestic brands.
Nayar started Nykaa with her own money, and she bootstrapped the company for the first few years. She began by selling a limited range of products on the Nykaa website, but she quickly expanded the selection to include a wide range of brands and categories.
In the early years, Nykaa faced a number of challenges. One challenge was that the Indian e-commerce market was still in its early stages of development, and many consumers were hesitant to shop online. Another challenge was that the Indian beauty market was fragmented, and it was difficult for Nayar to source products from different brands.
Despite these challenges, Nykaa quickly grew in popularity. Nayar focused on providing a superior customer experience, and she offered a wide range of payment and delivery options. She also invested heavily in marketing and advertising to raise awareness of the brand.
In 2015, Nykaa raised its first round of venture capital funding. This funding helped the company to expand its operations and to launch new initiatives, such as Nykaa Fashion and Nykaa Pro.
Nykaa has continued to grow rapidly in recent years. In 2021, the company went public, and Nayar became the richest self-made female entrepreneur in India.
Nykaa is now one of India’s leading beauty and lifestyle retail companies. The company has over 100 offline stores and a thriving online business. Nykaa offers a wide range of products, including cosmetics, skincare, hair care, fragrances, and personal care products.
Nayar’s story is an inspiration to many. She is proof that it is possible to achieve success, even later in life, if you have a vision and are willing to take risks.
Falguni’s Success and Achievement
Falguni Nayar is a self-made billionaire and the richest self-made female entrepreneur in India. She is the founder and CEO of Nykaa, one of India’s leading beauty and lifestyle retail companies.
Nayar’s success and achievements are truly inspiring. Here are a few of her most notable accomplishments:
- Founded Nykaa, one of India’s leading beauty and lifestyle retail companies. Nykaa is now worth over $13 billion, and it is the largest beauty e-commerce company in India.
- Self-made billionaire, and the richest self-made female entrepreneur in India. Nayar started Nykaa with her own money, and she has built it into a multi-billion dollar company.
- Named one of Asia’s Power Businesswomen by Forbes Asia and Businessperson of the Year by Vogue India. Nayar has been recognized for her success as an entrepreneur and for her contributions to the Indian business community.
- Awarded the EY Entrepreneur of The Year 2019 – Start-up Award by Ernst and Young. This award is given to entrepreneurs who have demonstrated exceptional leadership and innovation.
Nayar’s achievements are even more impressive given that she started Nykaa at the age of 50. She is a role model for aspiring entrepreneurs and businesswomen, and her story is a reminder that it is possible to achieve success, no matter your age or background.
In addition to her business accomplishments, Nayar is also a strong advocate for women’s empowerment and social causes. She is a member of the board of directors of several companies, including ACC, Dabur, Endurance Group, and Tata Technologies. She is also the founder of the Nykaa Foundation, which works to empower women and girls through education and skills training.
Falguni Nayar is an inspiration to many, and her story is a reminder that anything is possible if you set your mind to it.
Falguni Nayar’s Realtime Net Worth :
Falguni Nayar’s realtime net worth as of August 4, 2023 is estimated to be USD 2.7 billion (INR 22,147 crore) according to the Forbes Realtime Billionaires Index. Her net worth has fluctuated in recent months due to the volatile stock market, but she remains one of the richest women in India.
Nayar’s wealth is primarily derived from her ownership of Nykaa, the beauty and lifestyle e-commerce company she founded in 2012. Nykaa went public in November 2021, and its stock has performed well since then. Nayar owns a 52% stake in Nykaa, which is worth over USD 1.4 billion.
Nayar is also a member of the board of directors of several other companies, including ACC, Dabur, Endurance Group, and Tata Technologies. She is also the founder of the Nykaa Foundation, which works to empower women and girls through education and skills training.
Nayar is a role model for many aspiring entrepreneurs and businesswomen. She is proof that it is possible to achieve success, even later in life, if you have a vision and are willing to take risks.
