Falguni Nayar: Difference between revisions
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{{Infobox person |
{{Infobox person |
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| name = Falguni Nayar |
| name = Falguni Nayar |
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| image = Falguni Nayar. |
| image = Falguni Nayar (1).png |
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| birth_date = {{Birth date and age|1963|02|19|df=yes}}<ref>{{cite web|url=https://www.leaderbiography.com/falguni-nayar/|date=26 July 2018|publisher=Leaderbiography.com|access-date=30 April 2021|title=Bio}}</ref> |
| birth_date = {{Birth date and age|1963|02|19|df=yes}}<ref>{{cite web|url=https://www.leaderbiography.com/falguni-nayar/|date=26 July 2018|publisher=Leaderbiography.com|access-date=30 April 2021|title=Bio}}</ref> |
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| other_names = Falguni Sanjay Nayar<ref>{{cite web | url=https://www.bloomberg.com/profile/person/5811634 | title=Falguni Sanjay Nayar, FSN E-Commerce Ventures LTD: Profile and Biography | website=[[Bloomberg News]] }}</ref> |
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| birth_place = [[Mumbai]], [[Maharashtra]], India |
| birth_place = [[Mumbai]], [[Maharashtra]], India |
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| alma_mater = {{Unbulleted_list|[[Sydenham College of Commerce and Economics|Sydenham College of Commerce and Economics, Mumbai]]|[[Indian Institute of Management Ahmedabad]]}} |
| alma_mater = {{Unbulleted_list|[[Sydenham College of Commerce and Economics|Sydenham College of Commerce and Economics, Mumbai]]|[[Indian Institute of Management Ahmedabad]]}} |
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| education = [[Master of Business Administration|MBA Finance]] |
| education = [[Master of Business Administration|MBA Finance]] |
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| occupation = [[Organizational founder|Founder]] & [[Chief executive officer|CEO]] of [[Nykaa]] |
| occupation = [[Organizational founder|Founder]] & [[Chief executive officer|CEO]] of [[Nykaa]] |
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| employer = [[Kotak Mahindra Bank]] (1993–2012) |
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| years_active = 1963–present |
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| spouse = {{Marriage|Sanjay Nayar|1987}} |
| spouse = {{Marriage|Sanjay Nayar|1987}} |
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| children = 2 |
| children = 2 |
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}} |
}} |
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'''Falguni Nayar''' (born 19 February 1963) is an Indian billionaire businesswoman, |
'''Falguni Sanjay Nayar''' (born 19 February 1963) is an Indian billionaire businesswoman,<ref>{{Cite web|last=Bhandari|first=Shashwat|date=2020-03-08|title=International Women's Day: Top 5 women ruling world of business|url=https://www.indiatvnews.com/business/news-international-womens-day-top-5-women-ruling-world-of-business-596255|access-date=2021-04-16|website=indiatvnews.com|language=en}}</ref> 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.<ref>{{Cite web|last=Suneera Tandon|first=qz com|title=How online retailer Nykaa became the byword for top-end beauty products in India|url=https://scroll.in/article/853963/how-online-retailer-nykaa-became-the-byword-for-top-end-beauty-products-in-india|access-date=2021-04-16|website=Scroll.in|date=16 October 2017 |language=en-US}}</ref><ref>{{Cite web|first1=Anand J |last1=Pillai |first2=Shalina |last2=Pillai |date=June 27, 2017|title=For any business, the first year is a honeymoon period: Nykaa founder Falguni Nayar|url=https://timesofindia.indiatimes.com/people/for-any-business-the-first-year-is-a-honeymoon-period/articleshow/59335984.cms|access-date=2021-04-16|website=The Times of India|language=en}}</ref> Nayar is one of two self-made female Indian billionaires. |
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As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Falguni Nayar & family is ranked 89th with a net worth of $ 3.64 Billion.<ref>{{Cite web |title=India’s 100 Richest |url=https://www.forbes.com/lists/india-billionaires/}}</ref> |
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== Early life and education == |
== Early life and education == |
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Nayar was born and raised in a [[Gujarati people|Gujarati]] family in Mumbai, Maharashtra. Her father was a businessman and ran a small bearings company, assisted by her mother. |
Nayar was born and raised in a [[Gujarati people|Gujarati]] family in [[Mumbai, Maharashtra]]. Her father was a businessman and ran a small bearings company, assisted by her mother.<ref name="Kapur">{{Cite web|last=Kapur|first=Mallika|date=2017-03-24|title=Falguni Nayar: The beauty entrepreneur|url=https://www.livemint.com/Leisure/EMOmjllb5hPv8Se8T62ZaK/Falguni-Nayar-The-beauty-entrepreneur.html|access-date=2021-11-10|website=mint|language=en}}</ref> She is a graduate in [[B.Com]] from [[Sydenham College of Commerce and Economics]] and a postgraduate from the [[Indian Institute of Management Ahmedabad]] (1985 batch).<ref name="Kapur"/><ref name="Nayaks"/> |
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== Career == |
== Career == |
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In 1993, Nayar joined [[Kotak Mahindra Bank|Kotak Mahindra Group]] |
In 1993, Nayar joined [[Kotak Mahindra Bank|Kotak Mahindra Group]] after leaving her consultant job at [[A. F. Ferguson & Co.]] At Kotak Mahindra, she was initially the head of [[mergers and acquisitions]] (M&A) team, before going on to open institutional equities offices in [[London]] and [[New York City]]. In 2001, she returned to India.<ref>{{cite news |title=I take on measured responsibility |url=https://www.financialexpress.com/archive/i-take-on-measured-responsibility/118775/ |access-date=23 February 2023 |work=Financial Express |date=17 November 2004 |archive-url=https://web.archive.org/web/20210429125400/https://www.financialexpress.com/archive/i-take-on-measured-responsibility/118775/ |archive-date=29 April 2021}}</ref><ref>{{cite news |title=Power Women |url=https://www.financialexpress.com/archive/power-women/255634/ |access-date=23 February 2023 |work=Financial Express |archive-url=https://web.archive.org/web/20210624212430/https://www.financialexpress.com/archive/power-women/255634/ |archive-date=24 June 2021 |language=en}}</ref><ref>{{cite news |title=Kotak's next move |url=https://www.businesstoday.in/magazine/cover-story/story/kotaks-next-move-244954-2009-07-21 |access-date=23 February 2023 |work=Business Today |date=21 July 2009 |language=en}}</ref> In 2005, she was appointed as the managing director of Kotak Mahindra Capital, the investment banking unit, and director of Kotak Securities, the institutional equities arm. She quit her job in 2012.<ref name="Nayaks">{{cite news |title=Falguni Nayar: The Nykaa among Nayaks |url=https://indianexpress.com/article/india/falguni-nayar-nykaa-billionaire-club-7621584/ |access-date=23 February 2023 |work=The Indian Express |date=14 November 2021 |language=en}}</ref><ref>{{Cite web|date=2015-11-06|title=Giving advice on beauty is best way to sell beauty products, says Falguni Nayar, Nykaa|url=https://www.firstpost.com/business/giving-advice-on-beauty-is-best-way-to-sell-beauty-products-says-falguni-nayar-nykaa-2497818.html|access-date=2021-07-02|website=Firstpost}}</ref><ref>{{Cite web|last=Kazi|first=Zainab S.|date=2016-11-02|title=E-beauty space leader Nykaa to open 30 stores by 2020|url=https://www.indiaretailing.com/2016/11/02/beauty-and-wellness/e-beauty-space-leader-nykaa-to-open-30-stores-by-2020/|access-date=2021-07-02|website=Indiaretailing.com|language=en-US}}</ref> |
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In April 2012, at the age of 50,<ref>{{Cite web|date=2017-03-08|title=Get A Glimpse Into The Mind Of Falguni Nayar, The Woman Behind The Force That Is Nykaa|url=https://www.idiva.com/career/advice/get-a-glimpse-into-the-mind-of-falguni-nayar-the-woman-behind-the-force-that-is-nykaa/17030893|access-date=2021-04-16|website=iDiva|language=en-IN}}</ref> she founded Nykaa with $2 million of her own money.<ref name=":0">{{Cite web|last=Raghunathan|first=Anu|title=Beauty Retailer Nykaa Lists At $13 Billion, Making Founder Falguni Nayar India's Richest Self-Made Woman|url=https://www.forbes.com/sites/anuraghunathan/2021/11/10/beauty-retailer-nykaa-lists-at-13-billion-making-founder-falguni-nayar-indias-richest-self-made-woman/|access-date=2021-11-10|website=Forbes|language=en}}</ref> Nykaa was worth $2.3 billion as of 2021 bringing Nayar's |
In April 2012, at the age of 50,<ref>{{Cite web|date=2017-03-08|title=Get A Glimpse Into The Mind Of Falguni Nayar, The Woman Behind The Force That Is Nykaa|url=https://www.idiva.com/career/advice/get-a-glimpse-into-the-mind-of-falguni-nayar-the-woman-behind-the-force-that-is-nykaa/17030893|access-date=2021-04-16|website=iDiva|language=en-IN}}</ref> she founded Nykaa with $2 million of her own money.<ref name=":0">{{Cite web|last=Raghunathan|first=Anu|title=Beauty Retailer Nykaa Lists At $13 Billion, Making Founder Falguni Nayar India's Richest Self-Made Woman|url=https://www.forbes.com/sites/anuraghunathan/2021/11/10/beauty-retailer-nykaa-lists-at-13-billion-making-founder-falguni-nayar-indias-richest-self-made-woman/|access-date=2021-11-10|website=Forbes|language=en}}</ref> Nykaa was worth $2.3 billion as of 2021 bringing Nayar's net worth to an estimated $1.1 billion. Nayar is one of two self-made female Indian billionaires, the other being [[Kiran Mazumdar-Shaw]].<ref>{{Cite web|date=2021-10-28|title=Nykaa owner billionaire Falguni Nayar is all set to triple her net worth to an estimated Rs 28,000 crore|url=https://www.gqindia.com/get-smart/content/nykaa-owner-net-worth-billionaire-falguna-nayar-is-all-triple-her-net-worth-to-an-estimated-rs-28000-crore|access-date=2021-11-08|website=GQ India|language=en-IN}}</ref> Nykaa listed at $13 billion valuation on 10 November 2021. Soon after Nykaa [[Initial public offering|went public]], Nayar became the wealthiest self-made Indian woman, with her net worth rising to $6.5 billion.<ref name=":0" /><ref>{{Cite news|last=Singh|first=Tushar Deep|title=Who is Falguni Nayar, India's richest self-made woman?|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/who-is-falguni-nayar-indias-richest-self-made-woman/articleshow/87629451.cms|access-date=2021-11-10}}</ref> In 2022, Nayar made her debut in the [[Forbes]] India Rich List at rank 44.<ref>{{cite web |last1=Bhasin |first1=Swati |title=Nykaa's Falguni Nayar, other newcomers on India's 100 richest Forbes 2022 list |url=https://www.hindustantimes.com/business/nykaas-falguni-nayar-other-newcomers-on-india-s-100-richest-forbes-2022-list-101669697933917.html |website=Hindustan Times |date=29 November 2022 |access-date=January 11, 2023}}</ref> |
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<ref name=":0" /><ref>{{Cite news|last=Singh|first=Tushar Deep|title=Who is Falguni Nayar, India's richest self-made woman?|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/who-is-falguni-nayar-indias-richest-self-made-woman/articleshow/87629451.cms|access-date=2021-11-10}}</ref> |
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== Personal life == |
== Personal life == |
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Falguni Nayar married Sanjay Nayar in the year 1987, whom she met at business school. He is the CEO of [[Kohlberg Kravis Roberts]] India.<ref>{{Cite web |title=Sanjay Nayar – Leaders {{!}} Avendus |url=https://www.avendus.com/india/leadership/sanjay-nayar |access-date=2022-04-22 |website=www.avendus.com |archive-date=2021-11-24 |archive-url=https://web.archive.org/web/20211124121537/https://www.avendus.com/india/leadership/sanjay-nayar |url-status=dead }}</ref><ref>{{Cite web|last=Chowdhry|first=Tamal Bandyopadhyay and Seema|date=2008-02-09|title=The power of 2|url=https://www.livemint.com/Leisure/2wSP9oZ1d0GogZz8eGPDyL/The-power-of-2.html|access-date=2021-07-02|website=mint|language=en}}</ref><ref>{{Cite web|title=Falguni Nayar: The Woman Behind Nykaa|url=https://thenewsmen.co.in/high%20flyers/falguni-nayar-the-woman-behind-nykaa/27432|access-date=2021-07-02|website=thenewsmen}}</ref><ref name="Kapur"/> They have two children – Adwaita Nayar and Anchit Nayar, who are [[twins]];<ref>{{cite news |last1=Bahl |first1=Taru |title=Students learn to manage the hardest thing of all-- their hearts |url=https://www.livemint.com/Politics/NVIaGkPKtUtFV7zDD093OM/Students-learn-to-manage-the-hardest-thing-of-all-their-he.html |access-date=23 February 2023 |work=mint |date=11 September 2008 |language=en}}</ref> Adwaita is the CEO of Nykaa Fashion whereas Anchit heads the retail and e-commerce divisions.<ref>{{Cite web |title=Anchit And Adwaita Nayar: Grooming For Glory |url=https://www.forbesindia.com/article/tycoons-of-tomorrow-2021/anchit-and-adwaita-nayar-grooming-for-glory/72365/1 |access-date=2022-04-22 |website=Forbes India |language=en}}</ref> |
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== References == |
== References == |
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{{DEFAULTSORT:Nayar, Falguni}} |
{{DEFAULTSORT:Nayar, Falguni}} |
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[[Category:Living people]] |
[[Category:Living people]] |
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[[Category:Indian businesspeople]] |
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[[Category:Indian business executives]] |
[[Category:Indian business executives]] |
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[[Category:1963 births]] |
[[Category:1963 births]] |
Latest revision as of 10:30, 11 December 2024
Falguni Nayar | |
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Born | [1] Mumbai, Maharashtra, India | 19 February 1963
Other names | Falguni Sanjay Nayar[2] |
Education | MBA Finance |
Alma mater | |
Occupation | Founder & CEO of Nykaa |
Employer | Kotak Mahindra Bank (1993–2012) |
Spouse |
Sanjay Nayar (m. 1987) |
Children | 2 |
Falguni Sanjay Nayar (born 19 February 1963) is an Indian billionaire businesswoman,[3] 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.[4][5] Nayar is one of two self-made female Indian billionaires.
As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Falguni Nayar & family is ranked 89th with a net worth of $ 3.64 Billion.[6]
Early life and education
[edit]Nayar was born and raised in a Gujarati family in Mumbai, Maharashtra. Her father was a businessman and ran a small bearings company, assisted by her mother.[7] She is a graduate in B.Com from Sydenham College of Commerce and Economics and a postgraduate from the Indian Institute of Management Ahmedabad (1985 batch).[7][8]
Career
[edit]In 1993, Nayar joined Kotak Mahindra Group after leaving her consultant job at A. F. Ferguson & Co. At Kotak Mahindra, she was initially the head of mergers and acquisitions (M&A) team, before going on to open institutional equities offices in London and New York City. In 2001, she returned to India.[9][10][11] In 2005, she was appointed as the managing director of Kotak Mahindra Capital, the investment banking unit, and director of Kotak Securities, the institutional equities arm. She quit her job in 2012.[8][12][13]
In April 2012, at the age of 50,[14] she founded Nykaa with $2 million of her own money.[15] Nykaa was worth $2.3 billion as of 2021 bringing Nayar's net worth to an estimated $1.1 billion. Nayar is one of two self-made female Indian billionaires, the other being Kiran Mazumdar-Shaw.[16] Nykaa listed at $13 billion valuation on 10 November 2021. Soon after Nykaa went public, Nayar became the wealthiest self-made Indian woman, with her net worth rising to $6.5 billion.[15][17] In 2022, Nayar made her debut in the Forbes India Rich List at rank 44.[18]
Personal life
[edit]Falguni Nayar married Sanjay Nayar in the year 1987, whom she met at business school. He is the CEO of Kohlberg Kravis Roberts India.[19][20][21][7] They have two children – Adwaita Nayar and Anchit Nayar, who are twins;[22] Adwaita is the CEO of Nykaa Fashion whereas Anchit heads the retail and e-commerce divisions.[23]
References
[edit]- ^ "Bio". Leaderbiography.com. 26 July 2018. Retrieved 30 April 2021.
- ^ "Falguni Sanjay Nayar, FSN E-Commerce Ventures LTD: Profile and Biography". Bloomberg News.
- ^ Bhandari, Shashwat (2020-03-08). "International Women's Day: Top 5 women ruling world of business". indiatvnews.com. Retrieved 2021-04-16.
- ^ Suneera Tandon, qz com (16 October 2017). "How online retailer Nykaa became the byword for top-end beauty products in India". Scroll.in. Retrieved 2021-04-16.
- ^ Pillai, Anand J; Pillai, Shalina (June 27, 2017). "For any business, the first year is a honeymoon period: Nykaa founder Falguni Nayar". The Times of India. Retrieved 2021-04-16.
- ^ "India's 100 Richest".
- ^ a b c Kapur, Mallika (2017-03-24). "Falguni Nayar: The beauty entrepreneur". mint. Retrieved 2021-11-10.
- ^ a b "Falguni Nayar: The Nykaa among Nayaks". The Indian Express. 14 November 2021. Retrieved 23 February 2023.
- ^ "I take on measured responsibility". Financial Express. 17 November 2004. Archived from the original on 29 April 2021. Retrieved 23 February 2023.
- ^ "Power Women". Financial Express. Archived from the original on 24 June 2021. Retrieved 23 February 2023.
- ^ "Kotak's next move". Business Today. 21 July 2009. Retrieved 23 February 2023.
- ^ "Giving advice on beauty is best way to sell beauty products, says Falguni Nayar, Nykaa". Firstpost. 2015-11-06. Retrieved 2021-07-02.
- ^ Kazi, Zainab S. (2016-11-02). "E-beauty space leader Nykaa to open 30 stores by 2020". Indiaretailing.com. Retrieved 2021-07-02.
- ^ "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.
- ^ 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.
- ^ "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.
- ^ Singh, Tushar Deep. "Who is Falguni Nayar, India's richest self-made woman?". The Economic Times. Retrieved 2021-11-10.
- ^ Bhasin, Swati (29 November 2022). "Nykaa's Falguni Nayar, other newcomers on India's 100 richest Forbes 2022 list". Hindustan Times. Retrieved January 11, 2023.
- ^ "Sanjay Nayar – Leaders | Avendus". www.avendus.com. Archived from the original on 2021-11-24. Retrieved 2022-04-22.
- ^ Chowdhry, Tamal Bandyopadhyay and Seema (2008-02-09). "The power of 2". mint. Retrieved 2021-07-02.
- ^ "Falguni Nayar: The Woman Behind Nykaa". thenewsmen. Retrieved 2021-07-02.
- ^ Bahl, Taru (11 September 2008). "Students learn to manage the hardest thing of all-- their hearts". mint. Retrieved 23 February 2023.
- ^ "Anchit And Adwaita Nayar: Grooming For Glory". Forbes India. Retrieved 2022-04-22.