The Bold and Beautiful Falguni Nayar

1. The Bold and Beautiful: Falguni Nayar Falguni Sanjay Nayar was born on 19th February in the year 1963. She is a well- known pioneer and top-achieving woman in the banking sector. She is from Gujarati background but was born and grew up in Mumbai. Her father used to be a merchant, and she claims that perhaps the seed of entrepreneurship was rooted in her mind at an early age. She has also mentioned that the stock market was a frequent topic of conversation in her home. Falguni attended the Indian Institute of Management in Ahmedabad, wherein she earned her MBA in Finance. Her father was a renowned figure in the corporate world at that moment. She was employed at A.F. Ferguson & Co. as a business analyst.

2. She was employed at A.F. Ferguson & Co. as a management consultant. Falguni has more than eighteen years of experience. She held the title of Managing Director in the company, Kotak Mahindra. Emergence of Nykaa Falguni’s interest in fashion and fitness ignited a desire to start a business as soon as she turned 50. She recognized that the Indian entrepreneurship scenario will be a huge success in the cosmetics industry. She started to feel confident and inspired after being led on the correct use of splendour products and talked about which material should be used. She had this experience at multi-brand beauty supply stores like Sephora, and Falguni, while not being a regular buyer of skincare products, was enticed to buy those costing thousands of dollars. She is the owner and Chief Executive Officer of the e-commerce website ‘Nykaa,’ improving the expectations of Indian elegance. With a net worth of Rs. 1,200 crores, Falguni Nayar is one of the top 10 business entrepreneurs.Nykaa’s most recent funding drive is anticipated to catapult its owner Falguni Nayar into the billionaire category, rendering her India’s second-richest self-made woman. Nykaa, the startup she launched in 2012 as a shop that sells beauty and fitness items It sells products from over 1200 major labels, including Loreal, Lakme and has distribution in several cities all over India. It has grown from a multi-brand e-commerce website to a banner under which several companies work. The company name Nykaa is taken from the Sanskrit term ‘nayaka,’ translating to‘one in the spotlight’. Nykaa Products Nykaa, in addition to makeup and cosmetic brands, offers career options for women and aims to inspire women. Nykaa went from difficulties to rising benefit graphs, the lockout situation, and growing as one of the most profitable companies during the pandemic. In the financial year 2019, Nykaa‘s revenue was expected to be about Rs. 1,159.32 crore. What is interesting about this figure is that Nykaa had a loss of Rs. 17.7 crores a year ago; with perseverance, it recovered and quickly reached a profit of Rs. 2.3 crores.

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