BUSSINESS LIFE Falguni Nayar (born 19 February 1963) is an Indian billionaire business woman, who is the founder and CEO of the beauty and lifestyle retail company Nykaa . Nayar is one of two self-made female, Indian billionaires. In 1993, Nayar joined Kotak Mahindra Group for 19 years. In 2005, she was appointed as a managing director and exited in 2012. In April 2012, at the age of 50, she founded Nykaa with $2 million of her own money. 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 . 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.
PERSONAL LIFE Nayar was born and raised in a Gujarati family in Mumbai, Maharashtra. Her father, Nayar migrated from Karachi, Pakistan to a village in Gujarat during the Partition of India in 1947 with pittance. Her father was a businessman and ran a small bearings company, assisted by her mother. She married Sanjay Nayar in the year 1987, whom she met at business school. Her husband is the CEO of Kohlberg Kravis Roberts India and Her 2 children are Adwaita Nayar and Anchit Nayar.
EDUCATION In 1980, Falguni Nayar joined Sydenham College of Commerce & Economics, Mumbai to study for a Bachelor of Commerce (B.Com.) in Accounting and Business/Management. She was a good student. After completing her B.Com. in 1983, Falguni Nayar joined Indian Institute of Management Ahmedabad to study MBA in Finance. She passed out from IIM in 1985.
Nykaa Nykaa is an Indian e-commerce company, founded by Falguni Nayar in 2012 and headquartered in Mumbai . It sells beauty , wellness and fashion products across websites, mobile apps and 100+ offline stores. In 2020, it became the first Indian unicorn startup headed by a woman. Nykaa sells products which are manufactured in India as well as internationally. In 2015, the company expanded from online-only to an omnichannel model and began selling products apart from beauty. As of 2020, it retails over 2,000 brands and 200,000 products across its platforms.