She # the business tycoon

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 SHE THE BUSINESS TYCOON


We often think of a male when we think about businesses run around the world. But, little do we know about several women who have changed the society’s mindset by their actions, from coming up with a business idea, to starting it off as a start-up and turning it over into a multi-million dollar company. One such example is the story of, Falguni Nayar (born 19 February 1963)  an Indian businesswoman and billionaire who is the founder and CEO of the beauty and lifestyle retail company Nykaa. Nayar is one of two self-made female, Indian billionaires. Soon after Nykaa went public, Nayar became the wealthiest female Indian billionaire, with her net worth rising to the tune of $6.5 billion, and entered the list of top 20 richest people of India. Nayar was born and raised in a Gujarati family in Mumbai, Maharashtra. She is a graduate from Sydenham College of Commerce and Economics and a postgraduate from the Indian Institute of Management Ahmedabad. In 1993, Nayar joined Kotak Mahindra Group for 19 years. In 2005, she was appointed as a managing director and exited in 2012. 

In April 2012, at the age of 50 she founded Nykaa with $2 million of her own money. Nykaa was worth $2.3 billion as of 2021 bringing Nayar's fortune to an estimated $1.1 billion. Nayar is one of 2 self-made female Indian billionaires, the other being Kiran Mazumdar-Shaw. Nykaa listed at $13 billion on 10 November 2021 making Nayar India's richest self-made woman and is now among India's top 20 richest people. “Think big but start small” is a famous advice she gave for all. 

 

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