Falguni Nayar Net Worth in 2024 – How She Became a Billionaire in Beauty and Fashion?

Falguni Nayar Net worth hits a huge $3.1 billion in 2024, making her one of the top self-made women in business India.

Her quick rise to the top has sparked hope in many people especially women, with her move from a high-flying banker to the CEO of the beauty giant, Nykaa.

Let’s dive into Falguni Nayar’s wealth and her path to making Nykaa a billion-dollar success.


Falguni Nayar’s 2024 Worth – Building Nykaa to Reach $3.1 Billion

Falguni Nayar Net Worth

As Nykaa’s leader, Falguni Nayar net worth hits $3.1 billion by 2024.

She founded Nykaa in 2012 at the age of 50 after working years in the banking and finance sector.

She identified a gap in the Indian beauty market – the lack of a multi-brand beauty retailer that offered a wide range of domestic and international brands.

Nykaa stood out by offering tips and reviews, helping buyers choose what to buy.

The store grew very fast, adding over 1,500 brands of makeup, skin, hair, smell goods, and more.

Nykaa also expanded into physical retail, opening its first shop in 2015 and growing from 72 to 145 shops by 2023.

Starting with 3 people, Nykaa now has over 1,600 workers and has moved into fashion, home goods, and its own private labels.

Nykaa went public in 2021 with a successful IPO valuation of over $13 billion dollars.

For Q2FY24, Nykaa reported a total income of Rs 1,515.6 crore, a 22.49% increase year-on-year from Rs 1,237.3 crore in Q2FY23.

On a quarterly basis, total income grew 6.09% from Rs 1,428.5 crore in Q1FY24.

Falguni Nayar led Nykaa’s rise, focusing on selection, advice, community, and both online and in-store shopping, making Nykaa a top beauty and lifestyle shop in India.


Falguni Nayar Husband

Falguni Nayar Husband

Falguni Nayar met her husband, Sanjay Nayar, while they both were studying for their MBA at IIM Ahmedabad. 

He now leads the private equity firm Kohlberg Kravis Roberts (KKR) in India as its CEO. 

The couple has twin kids – Anchit Nayar and Adwaita Nayar. 

Both work at Nykaa, a company their mother started. Anchit takes care of the beauty e-commerce side, and Adwaita is the head of Nykaa Fashion.


Falguni Nayar Daughter

Falguni Nayar Net Worth in 2024 - How She Became a Billionaire in Beauty and Fashion?

Adwaita Nayar, Falguni’s daughter, finished her college at Yale University. 

She went on to earn her MBA from Harvard Business School, then joined Nykaa as one of its first team members. 

In 2018, Adwaita took charge of Nykaa Fashion, aiming to offer trendy fashion rather than just cheap deals. 

She rolled out new brands like 

  • Nykd by Nykaa
  • 20 Dresses 
  • RSVP 
  • Mixt
  • Likha
  • Pipa Bella

Under her lead, Nykaa Fashion has seen big success in the online fashion market in India.


Falguni Nayar Education

Falguni Nayar Education

Falguni Nayar completed her schooling and bachelor’s degree in Commerce from Mumbai.

A distinguished student, she earned admission to the prestigious Indian Institute of Management Ahmedabad (IIM-A) for her MBA. 

After getting her MBA, Nayar worked in banking and as a financial consultant. 

At Kotak Mahindra Group, she learned a lot about the stock market, banking, and more.

Nayar also helped lead some big companies in India like 

  • Tata Technologies
  • Dabur
  • ACC

Her finance skills helped her to start Nykaa later on.


Falguni Nayar Awards

Falguni Nayar’s work in growing India’s beauty market got her many awards.

  • Businesswoman of the Year at ET Awards for Corporate Excellence in 2019
  • EY Entrepreneur of the Year in 2019
  • Vogue India’s Businessperson of the Year in 2019
  • Forbes Asia Power Businesswoman in 2019
  • Woman Ahead Award by ET Startup Awards in 2017
  • Self-Made Women Award by Hurun Research Institute in 2022
  • She was also ranked 44th on Forbes India’s Rich List.

Falguni Nayar Success Story 

Falguni Nayar Success Story

Falguni Nayar’s story is very inspiring. Here are some quick facts about her.

  • At 50, when some thought of stopping work, she started her own business using $2 million of her own money.
  • As of January 2024, Nykaa is worth $5.92 billion and is the world’s 2297th most valuable public company.
  • She was the first to sell beauty stuff online in India, offering real products and expert advice.
  • She grew Nykaa online and in stores, offering a lot of choices in beauty and fashion.
  • She made one of India’s top brands (Nykaa) and became very rich.
  • She encouraged more women to start their own companies.
  • Today, at 60, Falguni Nayar keeps making Nykaa grow and stay profitable.

FAQs

Some common questions about Falguni Nayar Net Worth and Nykaa

Is Nykaa available in the USA?

No, Nykaa does not currently ship to the USA, except for Nykaa Fashion which ships to the contiguous US.

Who is the brand ambassador of Nykaa?

Actress Janhvi Kapoor has been the brand ambassador for Nykaa since 2018.

Is Nykaa known worldwide?

Yes, Nykaa sells stuff from both India and other countries and has its own brands sold worldwide.

How much does Nykaa’s CEO make?

Falguni Nayar, the CEO of Nykaa, got paid ₹6.81 crore in 2023, up 20% from ₹5.6 crore the year before.

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Final Summary of Falguni Nayar Net Worth

Overall, Falguni Nayar’s success story teaches everyone that hard work and passion can bring success regardless of one’s age. 

Nayar became the founder of Nykaa being over 50 years old, yet the business became extremely popular. 

At the moment, Nykaa Falguni Nayar net worth is $3.1 billion. Even though she is a billionaire, she does not slow down and continues to drive the company tirelessly. 

The female entrepreneur is an example for other businesswomen, inspiring them with her story to achieve their dreams.

Overall, Nayar’s legacy is proving to people the ability to start from scratch despite their limitedness due to age.


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Anil Agarwal

Anil Agarwal is the guy behind this blog who also owns BloggersPassion.com and HostingMonks.com. He has also been featured/mentioned on Forbes, ProBlogger, NeilPatel.com, Huffingtonpost.com, and SEMrush. MakeBlogging.com is your one-stop destination to start a money-making blog from scratch.

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