2. 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.
3. 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.
4. 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.
5. 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.