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Falguni Nayar

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Falguni Nayar
File:Falguni Nayar.jpg
Born (1963-02-19) 19 February 1963 (age 61)[1]
Mumbai, Maharashtra, India
EducationMBA Finance
Alma mater
OccupationFounder & CEO of Nykaa
Years active1963–present
Spouse
Sanjay Nayar
​
(m. 1987)​
Children2

Falguni Nayar (born 19 February 1963) is an Indian billionaire businesswoman,[2][3] who 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.

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][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 valuation on 10 November 2021. 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 Indians by net worth. [12][15]

Personal life

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. ^ a b 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. ^ 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.
  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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