The first choice to buy genuine beauty and makeup products for most of the women is Nykaa. Hope you are all ready to know about Falguni Nayar who founded Nykaa in 2012 in the age of 50. Yes, you have read it right. She started her entrepreneurial journey when she was 50 when most of the people would be planning for retirement. According to Forbes, her networth is 220 crores in 2023.
Falguni Nayar is one of the two self made woman Billionaire in India. She was employed in Kotak Mahindra Bank before she founded FSN(acronym of her name itself) E commerce ventures which is now Nykaa. Is there any woman shopper who doesn't know Nykaa?
Falguni Nayar's husband and family:
Falguni Nayar was born in 1963 and brought up in a Gujarati family in Mumbai, Maharashtra. Her father was a businessman who owned small bearings company. Falguni Nayar's mother was assisting his father.
Falguni Nayar is married to Sanjay Nayar and have two children. She met Sanjay Nayar at business school, who is the CEO of Kohlberg Kravis Roberts India. They have twins named Adwaita Nayar and Anchit Nayar. Adwaita is the CEO of Nykaa Fashion. Anchit is the head of the retail and e-commerce divisions.
Education:
Falguni Nayar is a B.Com graduate. She studied B.Com in Sydenham College of Commerce and Economics. Later she completed her postgraduation from the Indian Institute of Management Ahmedabad in the year 1985.
Career:
Falguni Nayar started her career as a consultant at A.F.Ferguon & Co. Later she worked for Kotak Mahindra bank heading the mergers and acquisitions team in the year 1993. Then she went ahead to open institutional equities offices in London and New York City. She resigned from Kotak Mahindra Bank in 2012 and started Nykaa.
Nykaa Journey:
After resigning from Kotak Mahindra Bank, Falguni founded Nykaa in April 2012. She was 50 at that time. The brand name 'Nykaa' is derived from the word 'nayaka', which means 'one in the spotlight' in Sanskrit. The tagline of the company is 'Your Beauty, Our Passion'. She started Nykaa with $2 million from her own pocket. As of 2021, Nykaa's value was $2.3 billion.
Nayar's net worth was estimated $1.1 billion at that time. Nayar is one of 2 self-made female Indian billionaires. The other self made woman Billionaire is Kiran Mazumdar-Shaw.
Once the Nykaa went public, Falguni Nayar became the wealthiest female Indian billionaire. Her net worth was estimated to be $6.5 billion. Hence she entered the list of top 20 Indians by net worth. Nayar made her debut in the Forbes India Rich List at rank 44 in 2022.
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