Falguni Nayar is the founder and CEO of Nykaa, one of India’s largest online fashion and lifestyle portals. After serving 20 years with Kotak Mahindra as a venture investor and businessman, he suddenly embarked on a new path to fulfill his dream. Seeing the scope of online beauty and skin care products, she propelled herself toward Nykaa and created such a platform. Who created history with his arrival? Make your online business a success with 35 offline stores. Falguni Nayar told the world that age is just a number.
Falguni Nayar Biography
- Full Name – Falguni Nayar
- Born – 19 February 1963, Mumbai
- Age – 58 years (as of 2021)
- Nationality – Indian
- Profession – Business Woman & Entrepreneur
- Husband – Sanjay Nayar
- Children – Advait Nayar and Anchit Nayar
- Education – B.Com. & MBA (IIM)
- Networth – $6.5 billion (650 crores)
- F. Worked as Manager – Ferguson & Company
- Kotak Mahindra – Managing Director (for 20 years)
- Nykaa – Ceo & Founder
Early Life of Falguni Nayar
Falguni Nayar, CEO and Founder of Nykaa was born on 19 February 1963 in Mumbai, Maharashtra. He is from a Gujarati family. His father, Nayar had migrated from Karachi, Pakistan to Gujarat during the Partition of India in 1947. Later he moved to Mumbai with his family. There he worked as a Hindi teacher.
A few years later, she and her brother started a trading business. And later, started a small-scale ball-bearing manufacturing business. Which he built for a medium-sized business. Falguni Nayar saw her father growing his business and would also help him.
Even when Falguni Nayar was a child, her father started involving her in his business. When she was in sixth grade, her father used to ask her for advice on business diversification, other business-related things, stock markets, etc. This inspired Falguni Nayar to study the Price Earning Ratio in newspapers.
As a teenager, Falguni Nayar traveled a lot and was also a part of a student exchange program. She lived with a Muslim family in Kashmir. He traveled alone to Europe and the United States.
Falguni Nayar Education
Falguni Nayar was smart in her studies since childhood. He joined Sydenham College of Commerce and Economics, Mumbai in 1980. He completed his graduation in Accounting and Bachelor of Commerce (B.Com) in Business Management.
In 1983, after completing B.Com, Falguni Nayar did an MBA in Finance from the Indian Institute of Management (IIM). She passed out from IIM in 1985.
Falguni Nayar Family
In 1987, Falguni Nayar got married to Sanjay Nayar. Sanjay Nayar was Falguni Nayar’s batchmate in IIM. Sanjay Nayar always supported him. Falguni Nayar’s husband Sanjay Nayar is the chairman of KKR.co.inc company.
Falguni Nayar has two children. Advait Nayar and Anchit Nayar. Both did their studies in America. After completing his studies, he worked in America for a few years. But later, he came to India to work in Nykaa. Advait Nayar is the CEO of Nykaa Fashion while Anchit Nayar is the CEO of Nykaa.com.
Falguni Nayar Career
How did Falguni Nayar’s career start? After passing out from IIM, Falguni Nayar joined A.F. Joined Ferguson & Company. And worked as a manager here till December 1993. Then he left there and joined Kotak Securities in 1994. In 2005, he was made the manager of Kotak Security. Falguni Nayar worked for about 19 years in Kotak Securities.
He also served as Head of International Business in London and Greater New York City. Working in London and New York, Falguni Nayar learned the nuances of business management. Later this helped him to lay the foundation of Nayaka.
Beginning of hero
When did Falguni Nayar, CEO and Founder of Nykaa start Nykaa? Nayaka was started by two people. In which the lead is Falguni Nayar while the other woman is Kiran Mazumdar Shaw. Falguni Nayar and Kiran Mazumdar started Nykaa in April 2012 from Mumbai. At that time Falguni Nayar was 50 years old. That in itself is a big deal. The age at which people think of retiring. At that age, Falguni Nayar thought of opening her own company.
Initially, he founded Nykaa by investing $2 million. And today, by 2021, the value of Nykaa has exceeded $ 2.3 billion. Due to this Nayar’s wealth increased to an estimated $ 1.1 billion. Falguni Nayar is one of the self-made female Indian billionaires. The other is Kiran Mazumdar Shaw. Falguni Nayar became India’s richest self-made lady by listing Nykaa Company 2021 for $13 billion. Also, Falguni Nayar is now one of the top 20 richest people in India.
Nykaa Success Story
Falguni Nayar started Nykaa in 2012. nykaa started by setting up a local shop in Mumbai. Later it was converted into e-commerce. She forayed into the beauty e-commerce market with Nykaa. At that time, e-commerce was not so much in vogue in the country, but Falguni Nayar was far-sighted. She was confident about the growth of e-commerce, and she did not doubt her decision.
His varied work experience has given him many essential skills like communication and management etc. to be successful. Also, her tenacity and self-confidence helped her to emerge as one of the most successful women entrepreneurs in India.
Falguni Nayar was not fond of doing makeup, but she showed interest in beauty products. The website of Nykaa was launched in November 2012. Lakmé was the first brand to be associated with Nykaa. In today’s time, many such brands are ready to take the franchise of Nykaa. Today, Nykaa has many brands like Nykaa Naturals, Nykaa Cosmetics, Kay Beauty, Nykd by Nykaa, 20 Dresses, RSVP, Mondano, Likha, and Pipa Bella.
Falguni Nayar Awards & Achievements
- In the year 2017, Falguni Nayar was awarded “Woman Ahead” by Economic Times Starta.
- In the year 2019, she was awarded the “ET Business Woman of the Year” award.
Who is the brand ambassador of Nykaa?
The brand ambassador of a big brand company like Nykaa is Janhvi Kapoor.