Curated by: Business desk
Latest version: December 04, 2023, 3:11 PM IST
Falguni Nair studied at IIM Ahmedabad.
Falguni Nair, who has a net worth of $2.7 billion, is ranked 88th on the Forbes Rich List 2023.
India’s top self-made entrepreneurs were recently listed by Hurun India and IDFC First Banking. Radhakishan Damani, founder of retail business D-Mart (Avenue Supermarts Ltd), is number 1 on the list. Falguni Nair, founder and CEO of e-commerce brand Nykaa, has been named India’s Top Self-Made Women Entrepreneur by Hurun India.
Falguni studied at the Indian Institute of Management (IIM), Ahmedabad. He was employed as Managing Director of Capital Investments at Kotak Mahindra Bank. He was unable to work for long, however, his ambition to achieve something remarkable and unique drove him to start a business.
Falguni Nair founded Nykaa.com in 2012 under the banner of FSN E-Commerce Ventures. Due to her tenacity, enthusiasm and hard work in the last eleven years, Falguni has carved a unique position for herself. Falguni Nair, whose net worth is $2.7 billion, is ranked 88 on the Forbes Rich List 2023.
In a market dominated by well-known international and Indian companies, Falguni founded his company. However, he had to struggle to make a name for himself in this highly competitive industry by doing something different. Eight years later, in March 2020, her efforts paid off and Nike was declared a unicorn. A privately held startup company valued at more than $1 billion is referred to as a unicorn in the business world. Venture entrepreneur Eileen Lee originally coined the term in a 2013 publication, using the legendary beast to symbolize the statistical rarity of such successful businesses.
Falguni Nair’s company FSN E-Commerce Ventures now has a market capitalization of Rs 56,100 crore. The company is listed on the stock market in 2021. The company’s IPO received a good response from investors. However, after some time of listing, the share price of the company started to fall. As of writing this report, the current share price is Rs 176.40.
In the September quarter of the current financial year, the company’s revenue reached Rs 1,507 crore. It was Rs 1,230.82 crore in the same quarter last year. In the second quarter of the financial year 2023-24, the company posted a profit of Rs 7.8 crore.
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