Falguni Nayar Net Worth: From Investment Banker to Entrepreneur

From entrepreneur to success: Unveiling Falguni Nayar’s remarkable net worth story.

Falguni Sanjay Nayar is an Indian billionaire businesswoman. She is the founder and CEO of the beauty and lifestyle company, Nykaa. Falguni is known as one of the two self-made female Indian billionaires. In this article, we will discuss Falguni Nayar’s net worth, lifestyle, and assets.

How Much Is Falguni Nayar’s Net Worth?

Known as one of the two self-made billionaires in India, Falguni Nayar’s net worth, according to Forbes, is $2.6 billion, as of June 2023. On November 10, 2021, Nykaa went public with an estimated $13 billion. As a result, Nayar’s net worth increased to $6.5 billion shortly after Nykaa went public, making Falguni the richest self-made woman in India and propelling her into the top 20 Indians by net worth. Nayar debuted at position 44 in the Forbes India Rich List published in 2022.

Falguni Nayar Net Worth Growth:

Here’s an estimated net worth growth for Falguni Nayar through the years:

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Falguni Nayar’s Education

Born and brought up by her parents in Gujarat, Falguni was an ingenious student since her childhood. After completing her higher secondary education, Falguni pursued a Bachelor of Commerce at the Sydenham College of Commerce and Economics, Mumbai, Maharashtra, India. Later, she attended the Indian Institute of Management, Ahmedabad, where she obtained a postgraduate degree.

Her Journey From Investment Banker to Entrepreneur

Soon after completing her formal education, Falguni started working as a consultant at A. F. Ferguson & Co. Later, in 1993, she joined the Kotak Mahindra Bank, where she was appointed as head of mergers and acquisitions. In 2005, she was appointed as the Managing Director of Kotak Mahindra Capital. She achieved immense success in the Kotak Mahindra Group, but she wanted to reach more heights. So, in 2012, she decided to quit her job.

In 2012, at the age of 50, she founded Nykaa, and guess what, she founded her startup with $2 million of her own money. Now, as of 2021, Nykaa was worth $2.3 billion.

A Sneak Into Nayar’s Personal Life

In 1987, Falguni married her college sweetheart, Sanjay Nayar. Interestingly, they met each other in the business school after which they decided to get married.

The couple has a daughter, Adwaita Nayar, who is the CEO of Nykaa’s fashion, and a son, Anchit Nayar who heads the retail and e-commerce division.

Cars Owned by Falguni Nayar

There are some very expensive cars owned by Falguni Nayar. They are,

• Mercedes-Benz C-Class
• Land Rover Range Rover
• Range Rover Evoque

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Falguni’s Assets and Salary

Although there seems to be not much information available on the Internet about Falguni Nayar’s assets, we can expect that the wealthiest women have some massive properties and homes across the country. Besides this, according to reports, Falguni has an annual salary of approx Rs 10.8 crores.

Some of the Lesser Known Facts About Falguni Nayar

• In an interview with a media house, Falguni revealed that she gave herself a deadline to initiate a start-up in 50. So, that’s how Nykaa was born.
• In 2012, Falguni started Nykaa with 60 orders daily and never thought of cutting prices.
• Not just India’s one of the two wealthiest women but Falguni Nayar is now richer than the Muthoot family of Muthoot Finance, Marico founder and Chairman Harsh Mariwala, Asian Paints’ Abhay Vakil, according to Forbes India Rich List.

FAQ:

1. Who is Falguni Nayar?

Falguni Nayar is an Indian billionaire businesswoman who is known as the founder of the beauty startup, Nykaa.

2. What is Falguni Nayar’s Net Worth?

As of 2023, Falguni Nayar’s net worth is estimated to be $2.6 billion.

3. When was Nykaa Founded?

Nykaa was founded by Falguni Nayar in 2012.