Nykaa CEO Falguni Nayar in her native place Halvad
Falguni Nayar’s grandmother Kamlaben, grandfather Ratilal Mehta’s estate still in Halvad, where Falguni Nayar lived as a child.
Falguni Nayar’s name is currently under discussion in the country’s business world. But, you will be surprised to know that Falguni Nayar (Mehta), the owner of Rs 50,000 crore who became the richest woman in the country overnight by bringing IPO.
Falguni Nayar’s grandfather is a native of Halvad in Morbi district. Yesterday, Falguni Nayar’s mother visited her hometown Halvad. Here visited Pithad Mataji and said that whatever she is today is due to Mataji’s blessings and remembering the summer vacation gnawing childhood, churma laddu, and wal vegetables.
Granddaughter of Kamlaben Ratilal Mehta, a citizen of Halvad, daughter of late Vinod Chandra and Rashmi Mehta, and late Dr. Hemant Mehta’s sister Falguni Nayar was grown in Mumbai.
The trade seeds were planted in Falguni’s mind from an early age as she saw his father running a small poses company. Then, introduced to Falguni’s husband, Sanjay Nayar. Sanjay Nayar is a respected investment banker and is currently the promoter of Nykaa.
How does halvad relate to Falguni Nayar memories?
Halvad is her village. As a child, Halvad used to come to enjoy every summer vacation. Her grandmother lived here. She liked the mansion more so as a child she used to go to the mansion once or twice a day with his grandmother. When she was in Halvad, Pithad used to see Mataji only once a day. It was fun to be with Grandma. As a child, she used to bring water by placing a pot on her head for hobbies.
Falguni Nayar career journey?
After IIM-A, she started her career as an Investment Banker at Kotak Mahindra Bank and moved to the UK. And its operations in the US. As the Managing Director of Kotak Mahindra, she saw the company’s journey till it became a leading banker in India.
Inspired by 18 years of process in the company and many successful entrepreneurs, she started her venture. At the age of 50, she felt the need for a multi-brand retail format in India to educate consumers about beauty products at home. With this idea, she started Nykaa.com, which is synonymous with e-commerce and lifestyle today. The concept of Nykaa is derived from the Sanskrit word ‘Nayak.’
What is the following vision for the Nykaa?
Nykaa is now India’s largest specialty beauty and personal care platform regarding the value of products sold in the financial year 2020-21. Some well-known international and local brands have chosen Nykaa to sell in the Indian market. After dominating the beauty part, the Nykaa has also added fashion to her portfolio.
Nykaa has entered a new category like kidswear and menswear and shows strong growth. Thus the Nykaa is becoming a one-stop fashion destination, and another part will be added to it.
