The women of India are bringing laurels to the country in the fields of doctor, engineer and business. One of these women is Falguni Nayar, Falguni is a business woman, she is a shelf made female billionaire. She is the founder of beauty startup Nykaa. Falguni wanted to make a name for herself in the corporate world by starting her own startup. Her success inspires many women. In this article, we will know about Falguni Nayar’s biography, her success story, net worth etc. So let’s start.
Education and career
Falguni Nayar was born on 19 February 1963 in Mumbai city of Maharashtra state to a Gujarati family where her father had his own bearing company. That’s why he inherited the business. He did his early ‘education’ from The New Era School.
After this he completed his studies from University of Mumbai and then from IIM Ahmedabad. After completing his MBA, he started his career with AF Ferguson & Company. She has also worked as the Managing Director of Kotak Mahindra Investment Bank. Apart from this, she has also held the position of Director in Kotak Securities.
Beginning of Nykaa
On reaching the age of 50, Falguni decided to quit her job and start her own startup. Falguni Nayar saw an opportunity to enhance the beauty of Indian women. He started Nykaa in 2012. Nykaa is one of India’s largest online fashion and lifestyle portal. Today it is among the top e-commerce site for beauty products in the country. Nykaa started its first physical store in the year 2014. When the company, which became popular online, opened offline stores, the number of customers and the profits of the company increased. Within no time, the company had 68 stores across the country. The Nykaa company has more than 1500 brands across the country. About 1 lakh 30 thousand products are available with Nykaa Company.
listing on stock exchange
FSN E-Commerce Ventures is the parent company of Nykaa and it is India’s first ever woman-led company to enter the stock exchange. On 10th November 2021, after the listing of Nykaa in the stock market, its market cap crossed 1 lakh crore on the very first day. Nykaa has given excellent returns to the investors.