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."