Falguni Nayar : Meet real ‘Nayika’ who floated Nykaa scripting story of India’s wealthiest female billionaire

Starting a business at the age of 50 and taking it to a accomplishing heights, Nayar has proved that age is no barrier and its just a limitation you put on your mind.

Falguni Nayar, the founder and CEO of the beauty and lifestyle retail company Nykaa, is basking under fame since Wednesday after the share price of her business Nykaa almost doubled upon listing making her one of the richest female entrepreneurs in India.

Let’s take a small walk through Nayar’s inspirational journey which created the beauty Industry in India…

Falguni Nayar is an Indian businesswoman and billionaire who is the founder and CEO of the beauty and lifestyle retail company Nykaa. Nayar was born and raised in Mumbai, Maharashtra in a Gujarati family. She completed her graduation from Syndeham College of Commerce and Economics and post-graduation from the Indian Institute of Management Ahmedabad.

Nayar started working in 1985 in a management consulting company A F Ferguson & Co. Later in 1933, she joined Kotak Mahindra Group for 19 years.
At the age of 50, in April 2012, Nayar decided to put a step as an entrepreneur and founded Nykaa by investing her own money. In 2012, when Nykaa was started, it used to take only 60 daily orders. Nayar started Nykaa with $2 million in 2012 and as of 2021 Nykaa is worth $2.3 billion.

“I started Nykaa at the age of 50 with no experience. I hope the Nykaa journey can inspire each of you to be the Nykaa (heroine) of your lives,” Nayar said in an interview with Money Control.

On November 10 2021, the first day of trading this Wednesday, FSN E-commerce ventures Ltd, the parent company of Nykaa, raised $720 million in its IPO and saw shares rise 96 per cent taking Nayar in the ring of world’s richest.

Nayar has now become one of the 2 self-made female Indian billionaires and India’s seventh women Billionaire with a Net worth estimated $1.1 billion. Nayar now comes among India’s top 20 richest people as she owns about half of the company and her stake is now worth over 6.5 billion, making her one of the richest female entrepreneurs in India.

In an interview with Money Control, Nayar shared about her journey and some advice for the coming entrepreneur of India. Starting a business at the age of 50 and taking it to a accomplishing heights, Nayar has proved that age is no barrier and its just a limitation you put on your mind.

Nayar shared her take on social media and stated why she is not active on her social media platforms , she said in the interview, “I think being active on social media requires a huge amount of time and effort. And I am someone who spends my time a little differently. Numbers really motivate me and if I am sitting in front of a spreadsheet, I spend a lot of time on it. I believe in social media, it is just that I can’t keep up with it,”

Nayar shared her thoughts about how is it to start such a journey at the age of 50, she said “I feel women put constraints in their minds which are not so necessary. Today, many women are managing their businesses cum young children. I don’t think there is one playbook. I did it when I did it, and I am glad that I at least tried it when I tried it.”

Nayar talked about why she didn’t started her business before she turned 50 and said, “Any entrepreneurship needs a lot of passion, hard work, conviction, and time. When I started, if I thought I would be here in three years or five years, it wouldn’t happen. It needs long innings. Somehow, I was very clear that I would need 10 years plus”.

Nayar already has it all as India’s top investment banker at Kotak but still she followed her dream , this is how things work we need to get out of our comfort zone to take risks for making our dreams come true one day. She is an inspiration for many women out there, Nayar offered a piece of advice too and said that women need to allow the spotlight of their lives to be on themselves and she hopes that more women like her will dare to dream for themselves.

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