Falguni Nayar | |
|---|---|
| Born | 19 February 1963 [1] Mumbai, Maharashtra, India |
| Other names | Falguni Sanjay Nayar [2] |
| Education | MBA Finance |
| Alma mater | |
| Occupation | Founder & CEO of Nykaa |
| Employer | Kotak Mahindra Bank (1993–2012) |
| Spouse | Sanjay Nayar (m. 1987) |
| 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.
As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Falguni Nayar & family is ranked 89th with a net worth of $ 3.64 Billion. [6]
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. [7] 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). [7] [8]
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. [9] [10] [11] 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. [8] [12] [13]
In April 2012, at the age of 50, [14] she founded Nykaa with $2 million of her own money. [15] 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. [16] 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. [15] [17] In 2022, Nayar made her debut in the Forbes India Rich List at rank 44. [18]
Falguni Nayar married Sanjay Nayar in the year 1987, whom she met at business school. He is the CEO of Kohlberg Kravis Roberts India. [19] [20] [21] [7] They have two children – Adwaita Nayar and Anchit Nayar, who are twins; [22] Adwaita is the CEO of Nykaa Fashion whereas Anchit heads the retail and e-commerce divisions. [23]