Falguni Sanjay Nayar (born 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] As per Forbes list of India’s 100 richest tycoons, dated October 09, 2024, Falguni Nayar & family was ranked 71st with a net worth of $4.2 Billion. [6] 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,…
Falguni Sanjay Nayar (born 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]
As per Forbes list of India’s 100 richest tycoons, dated October 09, 2024, Falguni Nayar & family was ranked 71st with a net worth of $4.2 Billion.[6]
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.[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
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, she founded Nykaa with $2 million of her own money.[14] Nykaa was worth $2.3 billion as of 2021 bringing Nayar's net worth to an estimated $1.1 billion. In 2021, Nayar was described as one of two 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 Indian woman, with her net worth rising to $6.5 billion.[14][16] In 2022, Nayar made her debut in the Forbes India Rich List at rank 44.[17] She was awarded EY entrepreneur of the year for India in 2021.[18]
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.[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]