Business for long was considered a man’s world, establishing a successful business was never considered a woman’s forte. But as humans evolved their ideas and ideologies started altering and now, we see women have not only taken over but are leading some of the biggest conglomerates of the world. Falguni Nayar, the founder and CEO of Nykaa is a billionaire businesswoman and one of the richest people in the country.
The next generation is now heading the business and has taken significant roles. Adwaita Nayar, her daughter, is the CEO of Nykaa Fashion and has been spearheading it for over a decade now.
Adwaita Nayar’s journey
Adwaita Nayar, after graduating from the Dhirubhai Ambani school in Mumbai, attended Yale University to earn a Bachelor of Arts (BA) in Applied Mathematics and pursued an MBA at Harvard University.
She had been working for Bain and Company in the United States as a consultant for six months in 2012 when her mother Falguni Nayar, made the decision to start her own business. She left her high-profile job at Kotak to start Nykaa, an online store for cosmetics. Nayar left her lucrative position in New York and became a co-founder of her mother’s company. Since then, the two ladies have paved the way for unfathomable achievement.
She introduced Nykaa Fashion in 2017. She refrained from using the tried-and-true low-price business model. Her marketing plan focused on appealing to clients with stylish clothing. Later, she founded their respective companies, including 20 Dresses, RSVP, Mixt, Likha, and Pipa Bella.
Adwaita Nayar’s billionaire mother
Falguni Nayar wed Sanjay Nayar in 1987. At the business school, she met him. He is the CEO of Kohlberg Kravis Roberts India, for those who are unaware. Adwaita Nayar and Anchit Nayar are their two children. Following her departure from her consultant position at A. F. Ferguson & Co., Falguni Nayar began working for Kotak Mahindra Group in 1993. She initially served as the team leader for mergers and acquisitions (M&A), but later established institutional equities operations in London and New York City. 2001 saw her return to India. Kotak Mahindra Capital’s managing director, Falguni Nayar, was chosen in 2005. Nevertheless, she made the decision to leave her well-paying position and launch Nykaa in April 2012 with $2 million of her own funds. Falguni Nayar quickly rose to the position of the richest self-made female Indian when Nykaa became public.
As per Forbes, she has a net worth of $2.8 billion.
