Nykaa CEO Falguni Nayar has turned her dream career into a stunning reality. The 59-year-old entrepreneur is the founder of Nykaa, which is one of India’s largest lifestyle and fashion companies. With a successful website and over 30 physical locations, it’s easy to see that the daring dreamer has proved any doubters wrong.
When she started Nykaa, Falguni Nayar was taking quite the risk. She was leaving behind the world of being a venture capitalist after 20 years and starting a new chapter. That’s a scary undertaking, but it didn’t stop her from succeeding. The name Falguni Nayar now features prominently on the list of the world’s richest women entrepreneurs. She’s also one of India’s wealthiest self-made business owners.
Falguni Nayar couldn’t have known this would be the case when she started her career shortly before her 50th birthday. Her goal was simply to follow her dream. This venture is far from the first success Nayar has experienced. She graduated from the Indian Institute of Management, Ahmedabad with an MBA in Finance. Nayar used that degree to go into management and ended up being the Managing Director of Kotak Mahindra Capital Co. for almost two decades.
Falguni Nayar attributes some of her drive and ambition to growing up in a family of high achievers. Her father is a businessman, her brother is a doctor, and her mother has assisted both of the men in their careers. Nayar says that her father always told her to aim high and go after her dreams, and it’s safe to say she has. She’s also inspired and cheered on by her husband, Sanjay Nayar, who is himself a respected investment banker.
As a child, Falguni Nayar learned to read balance sheets and insurance statements, and would often offer advice to her father. That early experience in the business world gave her a leg up when she left university, and so did social media. Nayar has used social media to network throughout her career, so it’s not surprising that she knows how to run a top-tier website.
Now that you know a bit about Falguni Nayar’s career, you may have questions. In the interest of giving you a well-rounded “Falguni Nayar Biography,” we’ve answered some of the internet’s top questions about her. Let’s dive in and discuss all of the fascinating details that come together to create Nayar.
Commonly Asked Questions
Falguni Nayar is married to Sanjay Nayar. They met while they were in university and she credits him as being a pillar in her life. Mr. Nayar is an investment banker.
Mr. and Mrs. Nayar have twins, a son, and a daughter. Their names are Anchit and Adwaita.
Nayar was born in Mumbai, India, on February 19th, 1963. Falguni Nayar’s age at present is 59.
Nayar’s net worth as of 2022 is 323,836,440,000.00 Rupees. That’s the equivalent of 4.3 billion US dollars or 50,979,940.00 Euros.
Nayar began her career in 1993 when she joined Kotak Mahindra Group. She worked at the banking and investment company for nearly two decades.
Unlike many entrepreneurs, Nayar says she was perfectly happy working for someone else. She enjoyed her job at KMG and has publicly stated that it was hard to leave the company. So why did she do it? Nayar says she gave herself a “self-imposed deadline” to try being an entrepreneur before she turned 50. Creating Nykaa was her way of accomplishing her goal.
Nayar started Nykaa in 2012. When the company began, it averaged only 60 orders per day. Nayar refused to cut prices by offering lower-quality products and the plan worked.
Nayar has been able to turn Nykaa into a family business in recent years. Her daughter and son both work with the company, and they’re highly qualified to do so. Anchit Nayar graduated from Columbia University and Adwaita Nayar has an MBA from Harvard Business School.
Wrapping Up: Why Falguni Nayar Is So Inspiring
By now, you’ve probably noticed that Nayar doesn’t take the easy road. She’s stated publicly that she doesn’t listen to naysayers and doesn’t believe in giving up. That attitude is what has led her to be one of India’s richest self-made billionaires. The entrepreneur also believes in encouraging her employees and helping them become the best version of themselves. The world can’t wait to see what’s next for this talented businesswoman.