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!
- About
Falguni Nayar: - Want to start a career with a job or freelance project?
Last Reviewed: April 2026 | Sources: DrJobPro Hiring Data Q1 2026.
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.
Want to start a career with a job or freelance project?
Frequently Asked Questions
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
