Falguni Nair – The Second Richest Indian Women – Startup Story of Nykaa .
Falguni Nair
Falguni Nair is 2nd richest Indian business woman and the author and ceo of Nykaa, a beauty and heartiness company. Before begin business, she was an investment banker. With a net worth of$6.5 billion, Nair has joined the league of six other womanish billionaires in India. Falguni Nair is now India’s richest tone- made womanish billionaire.
According to the Bloomberg Billionaires Index, Nair is the alternate richest woman after OP Jindal Group speaker Savitri Jindal. But Savitri Jindal has inheritable the property from her family. Whereas Falguni Nair has made all this on his own.
Nonage and Family Background of Falguni Nair
Falguni Nair was born in a Gujarati family in Mumbai, Maharashtra on 19 February 1963. She was raised in a business terrain. Her father ran a small bearing company where her mama helped them. She did her academy from a original academy in her neighbourhood. She had graduated in commerce from Sydenham College of Commerce & Economics, Mumbai. She has done hispost-graduation from IIM, Ahmedabad. She met Sanjay Nair( her hubby) at IIM Ahmedabad and came veritably close to him since also. They tied the knot in May 1987. presently, Sanjay Nayar is working as Chief Executive Officer in India of US- grounded equity establishment KKR. They've a son and a son named Anchit and Advaita. Her son Anchit Nayar has graduated from Columbia University and he's the ceo ofNykaa.com. Her son Advaita is graduate from Yale and an MBA from Harvard Business School and presently she's the ceo of NykaaFaishon. Advaita was a part of the founding platoon of Nykaa and oversaw product, tech, marketing and operations at colorful points over the original two times.
incipiency trip of Nykaa
Falguni Nair started her career as a operation Adviser with AF Ferguson Company, also in 1993 she joined Kotak Mahindra Group and worked for 19 times. She came the Managing Director in 2005 and remained in this position till 2012. Falguni Nair started her career as a operation Adviser with AF Ferguson Company, also in 1993 she joined Kotak Mahindra Group and worked for 19 times. She came the Managing Director in 2005 and remained in this position till 2012. Falguni started her company at that stage of age at which utmost women start getting tired. She was formerly veritably much ahead in the field of finance. At the age of 50, Falguni allowed of doing commodity of her own and started Nykaa. Falguni Nair innovated Nykaa in 2012 at the age of 50, a time when women used to buy their makeup from near stores. Nykaa created a platform where all types of ornamental and beauty products are available. Falguni explored numerous similar investing options and out of them, Beauty set up her the stylish. Falguni believed that there's a lot of compass in the online beauty space and she can make it a lot better going forward.
Her beauty product range was taken over by women, due to which her company vended$ 200 million worth of goods in just one quarter. Since also, the incipiency has grown into a beauty retailer. Glamourous Bollywood actors and celebrities and over 70 mortar stores promoted Nykaa through vids, leading to a spurt in online deals. The brand name Nykaa is deduced from the Sanskrit word, which means heroine. The Nykaa brand sells a wide range of beauty products including exfoliation creams, matrimonial makeup and powders, foundations and hundreds of tones of nail colors to suit Indian skin.
Nair holds stake in his company through two family trusts and seven other realities. They've a son and son who run separate Nykaa units and are the promoters of Nykaa’s brand. While Nair has come India’s richest tone- made woman billionaire.
As Nykaa’s fashionability grew, so did its brand appeal. Top Bollywood celebrities like Katrina Kaif have also donate in taking this forward. Nykaa has also erected its own brand of products in- house since 2015 and lately started dealing apparel and home products. Its road presence is growing with 80 stores across 40 Indian metropolises.
Falguni isn't only the shareholder and author of the company, but she also manages the company through 7 other promoters. Falguni’s son and son are the promoters of different units of Nayaka.
With this, Falguni Nair has come the richest woman in India to come a billionaire on her own. Falguni Nair is the MD and CEO of Nykaa. Falguni Nair and her hubby hold 54 per cent stake in the company.
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