From the Editor
  • Former investment banker Falguni Nayar quit her job to start Nykaa, a retailer of beauty products in 2012.
  • Nykaa's marquee investors include U.S. private equity giant TPG Growth as well as billionaires Harsh Mariwala and Harry Banga.
  • Nykaa, which means "one in the spotlight," sells thousands of brands online as well through nearly 200 stores across 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.
Wealth History
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Personal Stats
Age
62
Source of Wealth
Retailing, Self Made
Residence
Mumbai, India
Citizenship
India
Marital Status
Married
Children
2
Education
Master of Business Administration, Indian Institute of Management, Ahmedabad; B.Com, Mumbai University
Did you know
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 March 2024, Nykaa entered the UAE under the Nysaa brand in a joint venture with Dubai's Apparel Group.
In Their Own Words

We are feeling a coming-of-age kind of excitement as a company.

Falguni Nayar
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