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Who is Falguni Nayar, India's richest self-made woman?

Age Is Just A Number

By The United Indian • Published Apr 28, 2023 • 1 min read

Falguni Nayar

Age Is Just A Number

Posted

Apr 28, 2023

Category

Economy

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Who is Falguni Nayar?

A graduate of IIM Ahmedabad, Nayar worked with management consulting firm AF Ferguson and Co. before joining Kotak Mahindra Capital Co. Ltd. Inspired by her businessman father, Nayar set herself a deadline of starting a business by the age of 50. Indeed, she launched Nykaa at 50 in 2012.

Nykaa became the seventh self-made billionaire this week riding on the successful debut of the company on stock market following stellar initial public offer (IPO).
FSN E-Commerce Ventures Ltd, the parent company of Nykaa, raised $720 million in its IPO and saw shares rise 96 per cent on its first day.
She became India's seventh woman billionaire and the wealthiest self-made billionaire. She owns about half of the company, and is worth almost $7 billion.

"India is going to be a huge retail market," Ms Nayar said. "Indians will aspire for more, their spending power will grow and they'll increasingly spend on lifestyle brands and services. Nykaa is in a good place."

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The United Indian Editorial Team

Independent · Fact-Checked · Est. 2021

Our editorial team covers India’s most important developments across environment, technology, governance, economy and society. Every story is independently researched, fact-checked, and written without advertiser influence.

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