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Falguni Nayar is a well-known Indian businesswoman and successful entrepreneur in the cosmetics and beauty industry. She is the founder and CEO of Nykaa, one of the top online retailers of cosmetics and personal care products in India.
Thanks to Nayyar’s entrepreneurial spirit and business acumen, Nykaa has become one of India’s most successful e-commerce platforms. Over the years, the company has won numerous accolades and recognitions for its creative business strategies and marketing tactics.
Nayar’s achievements and success have inspired other young businesspeople in India and around the world. She has proven that with perseverance and a clear vision, it is possible to build a profitable business and make a beneficial impact on the world.
Age and zodiac sign
Falguni Nayar was born in Mumbai, Maharashtra on 19 February 1963. She is 60 years old as of 2023. Her zodiac sign is Aquarius.
educate
Falguni graduated with a Bachelor of Commerce degree from Sydenham College of Commerce and Economics and obtained a postgraduate degree from Indian Institute of Management Ahmedabad.
family
Falguni was born and raised in a Gujarati family in Mumbai, Maharashtra. Her mother helped her businessman father run a small bearings business. In 1987, Falguni Nayar married Sanjay Nayar, whom she met while studying at business school. Sanjay Nayar is the CEO of Kohlberg Kravis Roberts India. Advita Nayar, the CEO of Nykaa Fashion, and Anchit Nayar, who heads the retail and e-commerce businesses, are their two children.
struggle
Initially, Falguni faced a lot of problems. She took a huge risk and quit her job of 20 years to start Nykaa in 2012. She started the company in her father’s small office with only three people.
The company had a lot of trouble in the early days. When they got to 100 orders, their website would immediately fail, bringing down the entire system. In 2013, demand started to pick up.
Nayar’s daughter also resigned from her position and joined Nikah. She started from scratch and built the entire empire with perseverance and hard work.
Profession
Nayar started her 19-year career at the Kotak Mahindra Group in 1993. She was appointed Managing Director in 2005 and left in 2012. In April 2012, at the age of 50, she founded Nykaa with $2 million of her own capital.
By 2021, Nykaa’s valuation had grown to $2.3 billion, giving Nayar an estimated net worth of $1.1 billion. Nayar is one of India’s two self-made female billionaires, alongside Kiran Mazumdar-Shaw. On November 10, 2021, Nykaa went public at a valuation of $13 billion.
Soon after Nykaa went public, Nayar’s net worth increased to $6.5 billion, making her the richest woman in India and among the top 20 richest people in India by net worth. Nayar made her debut on the Forbes India list in 2022.
net worth
In July 2022, Falguni Nayyar’s net worth surpassed that of Kiran Mazumdar Shaw of Biocon. Now, Falguni Nayyar is the richest self-made woman in India with a net worth of INR 57,520 crore.
Interesting Facts
- Nayyar founded Nykaa in 2012, which has become one of India’s leading online retailers of beauty products.
- Nayar’s business acumen was recognized and she was named one of Fortune magazine’s “Most Powerful Women Entrepreneurs” in 2016.
- Besides her work with Nykaa Nayar, she is also a board member of angel investment group Bombay Angels and a member of the Board of Governors of the Indian School of Business.
- In her free time, Nayyar enjoys traveling and exploring different cultures. She is also an avid reader and enjoys reading books on business leadership and personal development.
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