By Admin 
Nykaa Success Story: It is not easy for anyone to take the decision of leaving the job and starting their own business at the age of 50. Besides, it is equally difficult to prove one’s decision correct. However, there are some people in the world who perform these feats.
Falguni Nair, founder and CEO of beauty and lifestyle retail company Nykaa, has achieved this feat. According to Forbes, his net worth is Rs 39,555 crore. Today Falguni is included in the list of billionaires of India. Let us know the story of Nykaa’s beginning and success…
Falguni Nair was born in Mumbai
Falguni Nair was born on 9 February 1963 in a Gujarati family in Mumbai. He has studied B.Com from Sydenham College. Falguni did her first job as a management consultant in AF Ferguson Company. In the year 1993, she joined Kotak Mahindra Bank.
She continued working in the same company for many years to come. Falguni also obtained MBA degree while working. In the year 2007, he was made the managing director of the company.
How did Nykaa start?
Falguni Nair started Nykaa in the year 2012. Before entering business, she had worked as an investment banker. During her experience she realized that there were many shortcomings in beauty and wellness products stores in India.
Also, there is no reliable platform for online shopping. Considering this shortage as an opportunity, she decided to enter the beauty industry. However, she did not have much experience in working in the retail and beauty products sector. Yet today he has made Nykaa a brand.
The name Nayika is derived from the Sanskrit word Nyayaka. Which means a woman who is a symbol of beauty. Falguni Nair has created Nykaa not just as an e-commerce platform but as a trusted brand. Due to which customers trust Nykaa.
Nykaa IPO
Nykaa launched its Initial Public Offering (IPO) in the market in 2019. Today Nykaa is a listed company in the stock market. Full credit for the success of Nayaka goes to Falguni Nair.
He has proved that dreams have no age limit. Any position can be achieved with hard work. Falguni has also been awarded many prestigious awards.
Nykaa’s fast growing business
Nykaa has established itself as a strong brand today. Today it has become India’s largest beauty and wellness platform. Which has got good recognition in both online and offline markets.
The company started its first store in the year 2015 and now it has more than 200 stores across the country. While expanding its business, the company has opened new ventures like Nykaa Luxe and Nayak Fashion.
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