Falguni Nayar On the Throne of The Richest Self-made Woman in India... How did She succeed? | Drjobpro.com

Veteran investment banker turned entrepreneur and then the richest self-made woman in India has become the talk of the world over the past few days as the appearance of her cosmetics and fashion retail stores in the Nykaa's parent FSN E-Commerce Ventures on Wednesday. - Falguni Nayar!

Her company achieved a listing price of Rs 2,018, a whopping 79% increase over the issue price of Rs 1,125, bringing the company a market value of $13 billion.

Nayar and her husband Sanjay Nayar and their twins are about 52.6%, equivalent to 6.8 billion dollars. It is worth noting that Sanjay Nayar is the head of the Indian unit of the American private equity company.

Nayar, the 58-year-old founder, managing director, and CEO of Nikkei Inc wore a red sari at the listing ceremony on the National Stock Exchange in Mumbai to have a net worth of $1.1 billion and become India's richest self-made woman, a title she has so far held as an entrepreneur. Biotech: Kiran Mazumdar Shaw, who has a current net worth of $3.6 billion.

During the event, Nikkei Group issued a new issue of 5.6 million shares in addition to the shares that were sold by a group of early adopters, which include: Hong Kong consumer goods billionaire Harry Banga, Rishabh Mariwala, son of Indian consumer goods billionaire Harsh Mariwala, and Sunil Mongal was the brother of Indian auto billionaire Pawan Mangal.

Nayar stated that the foundation would use the proceeds to add new stores and warehouses and enhance the brand's visibility.

Angad Banga, son of Harry Banga, whose family office in Hong Kong, was one of the early investors and still holds a minority stake in Nikkei. "The unprecedented level of investor interest we've seen is a true reflection of the passion and determination of the organization, the highly competent leadership team driving the company, and their proactive vision for the future."

Nikai has over 4,000 brands across beauty, personal care, fashion platforms and 80 stores in 40 cities. However, about 97% of the total merchandise value comes from electronic sales, with 1% from Tier 2 and 3 cities and about 70% of the total merchandise value from existing customers.

The group caters to more than 3,000 influencers, bloggers, and celebrities.

For the three months ended June 30, 2021, Nikkei's revenue was approximately 8.2 billion rupees ($110 million), with a net profit of 35.2 million rupees ($474,000 thousand).

About Falguni Nayar:

Fulgoni Nayyar began her entrepreneurial journey in 2012 when she left her job as an investment banker after spending 19 years at Kotak Mahindra Bank, which billionaire Uday Kotak founded. She has set up Kotak's stock operations in the US and UK and led dozens of initial public offerings in India.

In 2012, she invested $2 million to start 'Nykaa,' derived from the Sanskrit word 'Nayaka,' which means a person in the spotlight. It aimed to bring a host of international beauty brands, including Clinique and Bobbi Brown, to Indian consumers.

It quickly expanded into traditional department stores with the opening of its first store in 2014. By 2015, it launched its own Nykaa cosmetics brand and began hosting the Nykaa Femina Beauty Awards. By 2016, it hosted its first luxury brand, Estee Lauder.

And here we can say that we should not wait for the extraordinary opportunity to come to us, but we should seize the ordinary opportunities and make them great.

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