Falguni Nayar Explained

Falguni Nayar
Birth Date:19 February 1963[1]
Other Names:Falguni Sanjay Nayar[2]
Birth Place:Mumbai, Maharashtra, India
Education:MBA Finance
Occupation:Founder & CEO of Nykaa
Employer:Kotak Mahindra Bank (1993–2012)
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.

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]

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.[7] [8] [9] 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.[10] [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 net worth to an estimated $1.1 billion. Nayar is 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.[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]

Notes and References

  1. Web site: Bio. 26 July 2018. Leaderbiography.com. 30 April 2021.
  2. Web site: Falguni Sanjay Nayar, FSN E-Commerce Ventures LTD: Profile and Biography . .
  3. Web site: Bhandari. Shashwat. 2020-03-08. International Women's Day: Top 5 women ruling world of business. 2021-04-16. indiatvnews.com. en.
  4. Web site: Suneera Tandon. qz com. How online retailer Nykaa became the byword for top-end beauty products in India. 2021-04-16. Scroll.in. 16 October 2017 . en-US.
  5. Web site: Anand J . Pillai . Shalina . Pillai . June 27, 2017. For any business, the first year is a honeymoon period: Nykaa founder Falguni Nayar. 2021-04-16. The Times of India. en.
  6. Web site: Kapur. Mallika. 2017-03-24. Falguni Nayar: The beauty entrepreneur. 2021-11-10. mint. en.
  7. News: I take on measured responsibility . 23 February 2023 . Financial Express . 17 November 2004 . https://web.archive.org/web/20210429125400/https://www.financialexpress.com/archive/i-take-on-measured-responsibility/118775/ . 29 April 2021.
  8. News: Power Women . 23 February 2023 . Financial Express . https://web.archive.org/web/20210624212430/https://www.financialexpress.com/archive/power-women/255634/ . 24 June 2021 . en.
  9. News: Kotak's next move . 23 February 2023 . Business Today . 21 July 2009 . en.
  10. News: Falguni Nayar: The Nykaa among Nayaks . 23 February 2023 . The Indian Express . 14 November 2021 . en.
  11. Web site: 2015-11-06. Giving advice on beauty is best way to sell beauty products, says Falguni Nayar, Nykaa. 2021-07-02. Firstpost.
  12. Web site: Kazi. Zainab S.. 2016-11-02. E-beauty space leader Nykaa to open 30 stores by 2020. 2021-07-02. Indiaretailing.com. en-US.
  13. Web site: 2017-03-08. Get A Glimpse Into The Mind Of Falguni Nayar, The Woman Behind The Force That Is Nykaa. 2021-04-16. iDiva. en-IN.
  14. Web site: Raghunathan. Anu. Beauty Retailer Nykaa Lists At $13 Billion, Making Founder Falguni Nayar India's Richest Self-Made Woman. 2021-11-10. Forbes. en.
  15. Web site: 2021-10-28. Nykaa owner billionaire Falguni Nayar is all set to triple her net worth to an estimated Rs 28,000 crore. 2021-11-08. GQ India. en-IN.
  16. News: Singh. Tushar Deep. Who is Falguni Nayar, India's richest self-made woman?. The Economic Times. 2021-11-10.
  17. Web site: Bhasin . Swati . Nykaa's Falguni Nayar, other newcomers on India's 100 richest Forbes 2022 list . Hindustan Times . 29 November 2022 . January 11, 2023.
  18. Web site: Sanjay Nayar – Leaders Avendus . 2022-04-22 . www.avendus.com . 2021-11-24 . https://web.archive.org/web/20211124121537/https://www.avendus.com/india/leadership/sanjay-nayar . dead .
  19. Web site: Chowdhry. Tamal Bandyopadhyay and Seema. 2008-02-09. The power of 2. 2021-07-02. mint. en.
  20. Web site: Falguni Nayar: The Woman Behind Nykaa. 2021-07-02. thenewsmen.
  21. News: Bahl . Taru . Students learn to manage the hardest thing of all-- their hearts . 23 February 2023 . mint . 11 September 2008 . en.
  22. Web site: Anchit And Adwaita Nayar: Grooming For Glory . 2022-04-22 . Forbes India . en.

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