Nykaa founder Falguni Nayar is now India’s wealthiest self-made female billionaire

Falguni Nayar, who owns about half of Nykaa, is now worth about $6.5 billion


NH Web Desk

As Nykaa made its debut in the stock market on Wednesday, it took no time for Nykaa owner Falguni Nayar to join the league of the world's richest. 58-year-old Falguni Nayar is now India's wealthiest self-made female billionaire.

Nayar, who owns about half of Nykaa, is now worth about $6.5 billion as shares of the firm surged as much as 89% when they started trading on November 10.

Nayar, who formerly led a top Indian investment bank, founded Nykaa in 2012 just months before turning 50. The startup has since grown into the country’s leading beauty retailer.

Here are 5 things to know about Falguni Nayar:

Falguni Nayar is a Gujarati, born and brought up in Mumbai.

Falguni went to the Indian Institute of Management, Ahmedabad.

In 1993, Falguni joined the Kotak Mahindra Group and worked in the company for about 19 years at different positions.

In 2012, she moved towards entrepreneurship and thus Nykaa was born.

Falguni owns her company stake through two family trusts and seven other promoter entities.

Click here to join our official telegram channel (@nationalherald) and stay updated with the latest headlines