Adwaita Nayar is an influential Indian businesswoman making her mark in the retail industry. She is the daughter of Falguni Nayar, the founder, and CEO of Nykaa, a beauty and lifestyle retail company officially known as FSN E-Commerce Ventures Ltd. Adwaita has been serving as the Executive Director of Nykaa since July 2021 and holds the position of chairperson and CEO of Nykaa Fashion.
Falguni Nayar’s Journey from Investment Banking to Retail Giant
Falguni Nayar, a former investment banker, left her high-profile job to start Nykaa in 2012. As of July 18, the company’s market capitalization stands at Rs 51,578 crore. Nykaa offers thousands of brands online and through over 120 stores across India. Forbes lists Falguni as one of the richest women in India, with a real-time net worth of Rs 27,590 crore.
Adwaita’s Diverse Career Path
Before joining Nykaa in 2013, Adwaita gained valuable experience in various roles at prestigious companies such as Morgan Stanley, Bain & Company, Citi, and CARE Tanzania. She holds an MBA from Harvard Business School and a BA in Applied Mathematics from Yale University. After completing her studies, Adwaita re-joined Nykaa in 2017 as CEO of FSN Brands, focusing on expanding the company’s offline retail presence.
Building Nykaa Fashion
Since 2018, Adwaita has been instrumental in establishing Nykaa Fashion’s business. She currently oversees nykaafashion.com and manages several of the company’s owned and partner brands. Her efforts have significantly contributed to the growth and success of Nykaa Fashion.
A Family Affair
Adwaita’s brother, Anchit Nayar, also plays a crucial role in the family business. Like Adwaita, Anchit left his job in the US to join Nykaa in 2017. He serves as the chairman and CEO of Nykaa E-Retail, further strengthening the company’s leadership. Adwaita Nayar’s journey from prestigious educational institutions and high-profile jobs to a key leadership role in her mother’s billion-dollar company showcases her dedication and talent in the retail industry.
