Falguni Nayar is an Indian entrepreneur and businesswoman who is the founder and CEO of Nykaa, a leading online beauty and wellness destination in India. She was born in 1963 in Mumbai, India.
Nayar began her career as a management trainee at the consumer goods company, Lakme. She then went on to work at the investment banking firm, Kotak Mahindra, where she rose to the position of Managing Director. In 2012, after a 20-year career in the corporate world, Nayar decided to start her own venture.
Falguni Nayar founded Nykaa in 2012 with the aim of creating a one-stop shop for all beauty and wellness products in India. The company started as an online-only platform but later expanded to offline retail stores as well. Today, Nykaa is one of the largest beauty and wellness retailers in India, with over 70 stores across the country.
Nayar works as an independent director for Asian Paints, Tata Motors, and ICICI Prudential Life Insurance, as well as Nykaa. She has been recognized for her contributions to the business world with numerous awards, including the Economic Times Awards for Corporate Excellence Entrepreneur of the Year in 2020 and the Forbes India W-Power Trailblazers Award in 2019.
Nayar established the Nykaa Foundation, which focuses on improving the lives of women and children in India, demonstrating her commitment to giving back to society.The foundation provides education, healthcare, and other resources to those in need.
Nayar’s success in the business world has made her a role model for aspiring entrepreneurs, particularly women Nayar’s journey from trainee to startup founder inspires, proving that hard work and determination lead to success.