#829

Falguni Nayar

India 63 years old Self-Made

Overview

Source of Wealth
Retailing
Residence
Mumbai
Education
Indian Institute of Management, Ahmedabad (Master of Business Administration)
Mumbai University (B.Com)
Marital Status
Married
Children
2

Assets

  • FSN E-Commerce Ventures
    1,491,392,000 shares @ -
    -
    543384-IN

Biography

Former investment banker Falguni Nayar quit her job to start Nykaa, a retailer of beauty products in 2012.

Nykaa, which means "one in the spotlight," sells thousands of brands online as well through physical stores across India.

Nayar took Nykaa public in 2021, becoming India's richest self-made female entrepreneur in the process.

Her twin daughter and son both work in the business and have board seats.

Hong Kong billionaire Harry Banga is an investor in Nykaa.

About

Nayar has an MBA from the elite Indian Institute of Management in Ahmedabad.

Nayar's husband Sanjay Nayar, the former CEO of KKR India, has cofounded venture capital firm Sorin Ventures.

In 2024, Nykaa entered the UAE under the Nysaa brand in a joint venture with Dubai's Apparel Group.