Falguni Nayar, managing director and CEO of Nykaa, attends the company's IPO listing ceremony at the National Stock Exchange in Mumbai. Photo: AFP
Falguni Nayar, managing director and CEO of Nykaa, attends the company's IPO listing ceremony at the National Stock Exchange in Mumbai. Photo: AFP
India

How Nykaa’s Falguni Nayar became India’s newest billionaire and richest self-made woman

  • The investment banker turned beauty and fashion entrepreneur has a net worth of almost US$7 billion after floating FSN, the parent company of her Nykaa brand, on the Mumbai stock exchange
  • Her stunning rise was fuelled by partnerships with Bollywood actors such as Katrina Kaif and Alia Bhatt, a savvy diversification into an expanding market, and a refusal to believe in glass ceilings

Falguni Nayar, managing director and CEO of Nykaa, attends the company's IPO listing ceremony at the National Stock Exchange in Mumbai. Photo: AFP
Falguni Nayar, managing director and CEO of Nykaa, attends the company's IPO listing ceremony at the National Stock Exchange in Mumbai. Photo: AFP
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