Falguni Nayar
$4.2B
Born
Feb 19, 1963
Age
62
Source of Wealth
Retailing
Residence
Mumbai,
Citizenship
India
Marital Status
Married
Children
2
Education
Master of Business Administration, Indian Institute of Management, Ahmedabad; B.Com, Mumbai University
- 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 250 stores across 82 cities in 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.
- 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.
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