Falguni Nayar Net Worth: $7 billion (Rs 57,000 Crores)
Falguni Nayar Net Worth is $7 billion (Rs 57,000 Crores) in 2022.
Falguni Nayar is an Indian businesswoman who is the founder and CEO of the beauty and lifestyle retail company Nykaa.
Nayar is one of two self-made female, Indian billionaires. Falguni Nayar is now the second wealthiest female Indian billionaire with her estimated wealth to the tune of $7billion, after recent listings. Falguni is in the top 20 richest people of India.
This has put Zyka ahead of heavyweights such as Coal India ($13.89 billion), Godrej ($13.64 billion), Hindalco Industries ($13.60 billion) and Bharat Petroleum ($12.70 billion). Zomato, the first Indian startup to go public, was four places higher at 47, with a market cap of $14.58 billion.
This put the online cosmetics retailer ahead of heavyweights such as Coal India ($13.89 billion), Godrej ($13.64 billion), Hindalco Industries ($13.60 billion) and Bharat Petroleum ($12.70 billion). Zomato, the first Indian startup to go public, was four places higher at 47, with a market cap of $14.58 billion.
Falguni Nayar Biography:
|Born||19 February 1963 (age 59)|
Mumbai, Maharashtra, India
|Alma mater||Sydenham College of Commerce and Economics, Mumbai, Indian Institute of Management Ahmedabad|
|Occupation||Founder & CEO of Nykaa|
|Spouse(s)||Sanjay Nayar (m. 1987)|
Falguni Nayar was born on 19 February 1963. Nayar was born and raised in a Gujarati family in Mumbai, Maharashtra.
Falguni hails from a Gujarati family, but was born and brought up in Mumbai. Her father was a businessman and ran a small bearings company, assisted by her mother.
Falguni is a graduate from Sydenham College of Commerce and Economics and a postgraduate from the Indian Institute of Management Ahmedabad.
Falguni Nayar Career:
In 1985, Falguni Nayar worked as a consultant in the management consulting company A F Ferguson & Co.
In 1993, Falguni joined Kotak Mahindra Group and worked for 19 years. In 2005, Falguni Nayar was appointed as a managing director and exited in 2012.
In April 2012, at the age of 50,Falguni Nayar founded Nykaa with $2 million of her own money. Nykaa was worth $2.3 billion as of 2021 making Nayar’s fortune to an estimated $1.1 billion.
Nykaa listed at $13 billion on Nov 10 2021 making Nayar India’s richest self-made woman and is now among India’s top 20 richest people.
Falguni Nayar’s Nyka Story:
When Falguni Nayar took the entrepreneurial plunge in 2012, she was nearly 50 with about 20 years of experience as an investment banker. After a decade from starting the business, Zyka is now worth more than some of India’s biggest legacy businesses after a spectacular debut on the stock exchanges.
Nykaa, in its early years, was funded entirely by Falguni Nayar and her husband Sanjay Nayar — the chief executive of private equity major KKR & Co. in India. The focus was on building an inventory-led business, as she said in a 2017 interview to The Economic Times. “The company ran on family funds for two years because I didn’t want to raise money. I wanted to make the metrics happen,” Nayar had said then. “We had good momentum by the time I went to investors. We had access, since my husband and I were both bankers.”
The company turned unicorn only in March 2020, after just fiveFor any business, the first year is a honeymoon period — it is easy because you are just designing. The next year, when business starts scaling up, is crucial, Nayar said in the 2017 interview. “The person heading operations couldn’t cope with 30 orders a day and quit. We had to learn how to dispatch packages and set up an enterprise resource planning system,” she had said then.
In the process, she has become the richest self-made woman in India, is among the country’s 20 richest people, and is worth more than her peers who have either listed their startups or are in the process of doing so.
Zyka Growth Story:
Today, Nykaa is among a few profitable etailers in India. It reported a net profit of Rs 61.96 crore in the fiscal ended March 31, compared to a net loss of Rs 16.34 crore in the year-ago period.
Revenue grew 38% year-on-year to Rs 2,453 crore in FY21. rounds of funding — of which only three involved institutional investors. Nykaa is also profitable — a rarity among Indian startups.
Tier II and III cities are driving growth in the post-pandemic era. According to a source aware of the firm’s metrics, non-metros have seen a sharper rebound in demand than metros. In its DRHP, Nykaa has said Tier II and III cities contributed 64% of revenue in FY21 compared to 59% in FY20. “Being an omnichannel retailer helped us during the Covid-19 crisis,” Nayar told ET during the peak of the pandemic last year. “We now have 70 stores in 30 cities across the country. We basically pivoted our ..
The company has diversified as well — from selling third-party beauty products to launching its own brands and entering the fashion business. Fashion is now 20% of overall sales. While its private labels are growing, they are still relatively small.
In the fiscal ended March 31, Nykaa’s gross merchandise value (GMV)—the total value of merchandise sold over a given period of time—jumped more than 50% to almost Rs 4,046 crore.
Falguni Nayar Husband, Childrens:
Falguni Nayar married Sanjay Nayar in the year 1987, whom she met at business school. Falguni Nayar husband is the CEO of Kohlberg Kravis Roberts India. Falguni Nayar 2 children are Adwaita Nayar and Anchit Nayar.