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Falguni Nayar

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Falguni Nayar
Born (1963-02-19) 19 February 1963 (age 61)[1]
Kerala, 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 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. [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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