Falguni Nayar

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. Soon after Nykaa went public, Nayar became the wealthiest female Indian billionaire, with her net worth rising to the tune of $6.5 billion, and entered the list of top 20 richest people of India.

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

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. Her husband is the CEO of Kohlberg Kravis Roberts India.[16][17][18][7] Her 2 children are Adwaita Nayar and Anchit Nayar.[19]

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. Pillai, Anand J; Pillai, Shalina (June 27, 2017). "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.
  6. "Success story of Falguni Nayar – Glow & Lovely Careers". Retrieved 2021-10-11.
  7. 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. 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. "Nykaa owner billionaire Falguni Nayar is all set to triple her net worth to an estimated Rs 28,000 crore". GQ India. 2021-10-28. 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. "Sanjay Nayar - Leaders | Avendus". www.avendus.com. Retrieved 2022-04-22.
  17. Chowdhry, Tamal Bandyopadhyay and Seema (2008-02-09). "The power of 2". mint. Retrieved 2021-07-02.
  18. "Falguni Nayar: The Woman Behind Nykaa". thenewsmen. Retrieved 2021-07-02.
  19. "Forbes India - Anchit And Adwaita Nayar: Grooming For Glory". Forbes India. Retrieved 2022-04-22.
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