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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>
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>


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 fortune to an estimated $1.1 billion. Nayar is one of 2 self-made female Indian billionaires, the other pbeing [[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 female Indian, with her net worth rising to the tune of $6.5 billion, and entered the list of top 20 Indians by net worth.
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 fortune to an estimated $1.1 billion. Nayar is one of 2 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 female Indian, with her net worth rising to the tune of $6.5 billion, and entered the list of top 20 Indians by net worth.
<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 |access-date=January 11, 2023}}</ref>
<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 |access-date=January 11, 2023}}</ref>


Revision as of 08:02, 13 May 2023

Falguni Nayar
Born (1963-02-19) 19 February 1963 (age 61)[1]
Mumbai, Maharashtra, India
Other namesFalguni Sanjay Nayar[2]
EducationMBA Finance
Alma mater
OccupationFounder & CEO of Nykaa
EmployerKotak Mahindra Bank (1993–2012)
Spouse
Sanjay Nayar
​
(m. 1987)​
Children2

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.

Early life and education

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.[6] 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).[6][7]

Career

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.[8][9][10] 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.[7][11][12]

In April 2012, at the age of 50,[13] she founded Nykaa with $2 million of her own money.[14] 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.[15] Nykaa listed at $13 billion valuation on 10 November 2021. Soon after Nykaa went public, Nayar became the wealthiest self-made female Indian, with her net worth rising to the tune of $6.5 billion, and entered the list of top 20 Indians by net worth. [14][16]In 2022, Nayar made her debut in the Forbes India Rich List at rank 44.[17]

Personal life

Falguni Nayar married Sanjay Nayar in the year 1987, whom she met at business school. He is the CEO of Kohlberg Kravis Roberts India.[18][19][20][6] They have two children – Adwaita Nayar and Anchit Nayar, who are twins;[21] Adwaita is the CEO of Nykaa Fashion whereas Anchit heads the retail and e-commerce divisions.[22]

References

  1. ^ "Bio". Leaderbiography.com. 26 July 2018. Retrieved 30 April 2021.
  2. ^ https://www.bloomberg.com/profile/person/5811634
  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". The Times of India. Retrieved 2021-04-16.
  6. ^ a b c Kapur, Mallika (2017-03-24). "Falguni Nayar: The beauty entrepreneur". mint. Retrieved 2021-11-10.
  7. ^ a b "Falguni Nayar: The Nykaa among Nayaks". The Indian Express. 14 November 2021. Retrieved 23 February 2023.
  8. ^ "I take on measured responsibility". Financial Express. 17 November 2004. Archived from the original on 29 April 2021. Retrieved 23 February 2023.
  9. ^ "Power Women". Financial Express. Archived from the original on 24 June 2021. Retrieved 23 February 2023.
  10. ^ "Kotak's next move". Business Today. 21 July 2009. Retrieved 23 February 2023.
  11. ^ "Giving advice on beauty is best way to sell beauty products, says Falguni Nayar, Nykaa". Firstpost. 2015-11-06. Retrieved 2021-07-02.
  12. ^ Kazi, Zainab S. (2016-11-02). "E-beauty space leader Nykaa to open 30 stores by 2020". Indiaretailing.com. Retrieved 2021-07-02.
  13. ^ "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.
  14. ^ 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.
  15. ^ "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.
  16. ^ Singh, Tushar Deep. "Who is Falguni Nayar, India's richest self-made woman?". The Economic Times. Retrieved 2021-11-10.
  17. ^ Bhasin, Swati. "Nykaa's Falguni Nayar, other newcomers on India's 100 richest Forbes 2022 list". Hindustan Times. Retrieved January 11, 2023.
  18. ^ "Sanjay Nayar - Leaders | Avendus". www.avendus.com. Retrieved 2022-04-22.
  19. ^ Chowdhry, Tamal Bandyopadhyay and Seema (2008-02-09). "The power of 2". mint. Retrieved 2021-07-02.
  20. ^ "Falguni Nayar: The Woman Behind Nykaa". thenewsmen. Retrieved 2021-07-02.
  21. ^ Bahl, Taru (11 September 2008). "Students learn to manage the hardest thing of all-- their hearts". mint. Retrieved 23 February 2023.
  22. ^ "Anchit And Adwaita Nayar: Grooming For Glory". Forbes India. Retrieved 2022-04-22.
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