Nykaa Founder Falguni Nayar to be India's wealthiest self-made female billionaire

Falguni Nayar (born 19 February 1963) is an Indian businesswoman who is the founder and CEO of the beauty and lifestyle retail company Nykaa

• Falguni Nayar, the chief of the first woman-led unicorn to go public in India, has become the country’s richest self-made female billionaire with a net worth soaring to $6.5 billion (Around 4,82,76,73,50,000.00 Indian Rupee).

• She called it quits at the peak of her career as an investment banker and built her own beauty empire that today crossed Rs 1 lakh crore in market capitalisation on its listing debut. FSN E-Commerce Ventures, Nykaa’s parent entity, is India’s first woman-led unicorn to hit the stock exchange.

• She owns about 51 per cent stake in Nykaa, with her husband and their twin children. She will continue to own a majority stake along with her family after the IPO.

• A graduate of the Indian Institute of Management, Ahmedabad, she spent over 18 years at Kotak Mahindra Capital Co. She left in 2012 when she was 50 to pursue her dream. At the time, her kids had gone to college in the US.

• Capitalizing on the scope of beauty and skincare products online, she steered herself towards Nykaa, and out came a platform that created history with its arrival.

• Nayar, who has pipped Biocon founder Kiran Mazumdar-Shaw in terms of assets, is now the second wealthiest woman in India after Savitri Jindal, the chairperson of OP Jindal group, who has a net worth of $12.9 billion, according to the Bloomberg Billionaires Index.