Falguni Nayar Becomes India’s Wealthiest Self-Made Female Billionaire
Nykaa founder Falguni Nayar has created history in the world of Entrepreneurship as she became the seventh woman billionaire and wealthiest self-made billionaire on 10th November 2021. However, her phenomenal success in the beauty and personal care products of the E-commerce business was not that easy.
Her journey was quite challenging in the initial days of her start-up. However, Nykaa’s owner has created a history in beauty and skincare fashion brands through her website and apps. Only a few words cannot define her entire success story. Let’s dig deep into her entire journey to have a better understanding of it.
Early Life Falguni Nayar
Falguni Nayar was born and brought up in the Gujrati Family in Mumbai. Before she had founded Nykaa in 2012, she was an ordinary girl like all middle-class families. But her extraordinary passion and vision have made her a successful female entrepreneur of the world.
She has completed her graduation from the Sun Denham college of commerce & Economics. She has also post-graduated from the Indian Institute In Ahmedabad (IIM). However, many of us are not aware of the details of the Falguni Nayar education in detail.
Career Of Falguni Nayar
In the year of 1985, she had worked as a management consultant in AF Ferguson & Co. Then, for 19 years, she worked in the Kotak Mahindra Group. In the year 2012, she was appointed as a managing director of the Nykaa. She founded Nykaa with $2million of her own money. The capital stock of Nykaa is now shooting up at a rapid pace.
Success Story Of Nykaa Group And Falguni Nayar
Nykaa founder became the first woman self-made billionaire in India. According to Bloomberg’s billionaire index, beauty startup owner Falguni Nayar has become the wealthiest self-made billionaire in 2021. On Wednesday, her shares in the stock market were listed with a great hike, and investors are hopeful for getting better returns from it.
Nayar owns more than half of Nykaa, and its current worth is around $6.5 billion. The shares of this company surged 89% when the trading started on Wednesday. India’s woman-led entrepreneur has created the next significant landmark in 2021 to hit the stock exchange with a boom.
The product line of the Nykaa brand comprises 4000 beauty and personal care products that are available worldwide. The best part of Nykaa products is all are available in their E-commerce portal and on the mobile app. In addition, 80 odd bricks and mortar stores also fall under the umbrella of Falguni Nayar’s Nykaa brand.
Life-Changing Facts Of Falguni Nayar’s Journey Towards Entrepreneurship
Today, we all are witnessing the high IPO rate of Nykaa Shares in Bloomberg stock exchanges, but we are not aware of the journey of this daunting lady who has made things possible. So, let’s find out some of the exciting facts about Falguni Nayar and her journey till now.
1. A Short Synopsis On Early Life
The founder of Nykaa Falguni Nayar was born and brought up in Mumbai. She belongs to a Gujrati family. Her acumen towards business has grown from her childhood life as she was raised in a complete business environment. Falguni’s father ran a small-scale business of bearing company where her mother used to help her father in their family business. From there, terminologies like the stock market, trade, and investments became familiar to her.
2. Journey Of Her Career And After Life
Falguni went to IIM( Indian Institute Of Management) to pursue her MBA career there in Ahmedabad. After obtaining a master’s degree in MBA, she started her career as a management consultant in the company AF Ferguson & Co. Nayar’s husband, whom she had met in the B-school, is now one of the renowned chairmen of KKR & Co.
3. Beginning Of Her Professional Life
In 1993, she had joined the Kotak Mahindra group and had spent 19 years of her life. At the end of her Journey in the Kotak group, she became the managing director. Starting from 2005-2012, she worked in Kotak Mahindra. In many interviews, she has clearly stated that she was delighted with her job In the Kotak group. But despite that, she has chosen to start the journey of Entrepreneurship.
4. Career Hike And Rise Of Entrepreneurship
In many of her interviews, Falguni Nayar said that she was happy while working with Kotak Mahindra, and she quit her job to fulfill her big dream of becoming a self-made billionaire. Nykaa IPO has reached this height due to the burning passion of Falguni Nayar for becoming the seventh-largest Beauty care giant in the world, whose annual worth is $6.5billion.
5. Life-Changing Decision
Nykaa has a self-imposed deadline that she has to try becoming an Entrepreneur at the age of 50. This was when at the age of 50, Nykaa was born in 2012 with a vision to focus on the project of the Nykaa. Another essential fact here is that she left the study for the US while concentrating on an entrepreneurship project.
6. Spirit Of A Risk Taker At The Age Of 50
She was a risk-taker, and 60 daily orders have never cut the prices. Their idea is to sell the right color of lipstick at a full price. One other half, Wrong shade, can make the buyer unhappy within some of the minutes Nayar has disclosed to Bloomberg. At the age of 50, Nayar has started her journey in Nykaa with a full set passion.
7. Start Of Nykaa
The CEO Nykaa, after the setup and the growth of the Nykaa business in its initial days, was accompanied by her family members like Son Anchit. He graduated from the Columbia E-commerce business in the beauty segment market. On the other hand, Adwita, who completed the MBA from Harvard business school, headed towards the fashion vertical.
8. Full Grown Business Empire
In 2021 Nykaa IPO touched the sky and became a full-grown business empire. She is now richer than the Muthoot Family and Muthoot Finance. Harsh Mariwala and Asian Paints Abhay Vakil have clearly stated that Falguni Nayar has surpassed the considerable market share in all sorts of market sizes in upcoming years.
9. Comparison With Her Competitors
Different types of marketing techniques of Falguni Nayar have made Nykaa the market leader in the beauty and fashion segment. In the E-commerce Industry, Nykaa has created a considerable landmark for businesses. You have to make your choices in the right way while correctly developing your business.
10. Attitude Towards Life And Business
She always put up a positive attitude towards life and business were a never say die spirit and never give up perspective has made her a market leader. You have to work out the best plans that can work well in your favor. The deeper we get through her profile, the more inspiration a younger entrepreneur will get in a short time frame. The Nykaa IPO is breaking all the records of the Stock markets in the upcoming years as expected by the experts.
What Is The Networth Of Falguni Nayar?
The current Falguni Nayar Networth is $6.5billion. She is one of the fastest-growing entrepreneurs to date. Falguni Nayar’s marketing tactics are pretty unique and new compared to its competitors in her segment of business niche. In most cases, it has been found that newborn entrepreneurs in this decade are doing a miraculous job in the upcoming years.
What Was The Winning Marketing Technique Of Falguni Nayar?
Falguni Nayar’s LinkedIn profile narrates the whole story of her out-of-the-box thinking technique that has created wonders in the beauty and E-commerce segment this current year. But, don’t think she is trending now due to her highest IPO launch on Wednesday; her unique marketing technique has made her a great entrepreneur of the decade.
Some of the core marketing techniques off her are as follows:-
- She had discovered the gaps in the Indian market between the demand and supply position of the beauty products in the E-commerce Industry. Work out the plans that can work well in your favor.
- She has taken advantage of the diverse demography of the Indian market who are shopping lovers. Her E-commerce app of Nykaa has made the life of her customers more accessible than ever.
- At the right time, she has recognized that the application of digital platforms will perform well for her. The reviews and the peer recommendations can work well in favor of any brand in this digital era.
- Making a proper market study is the key in this digital age, according to her. It reveals how strong her analytical abilities were whenever she found a problem in the market. Tracking consumer behavior is an art, and you cannot ignore this fact, according to Falguni Nayar.
Growth Curve Of Nykaa Over The Years
The growth curve of Nykaa over the years clearly demonstrates how well she has handled the business over a particular period of time. Moreover, her 19 long years of experience in the Kotak Mahindra group have brought colors to her hard work and effort.
Nykaa’s Consolidated GMV( Gross Market Value) in millions
Final Words
Hence, if you want to become a successful entrepreneur like Falguni Nayar, this article can help you. Develop your mindset so that one day you can also become a successful entrepreneur like Falguni Nayar to achieve your business goals in the best possible ways. Work out the best strategy that can have a long-term impact on your business, and you better return from it.
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The structural metal manufacturing industry in the U.S.A has been a prominent contributor to the nation’s GDP since 2000. Current statistics show 604,698 businesses are operating in this industry, and it is responsible for the employment of 12,067,049 people in America. In addition, the estimated revenue of this industry is $6,306.6 billion, which is projected to grow exponentially by 2023. Now, if we are talking about the manufacturing metal industry, how can we not mention the business tycoon of this sector, Southeast Steel Detailing, Inc.? Yes, Southeast Steel Detailing, Inc. has been in the metal manufacturing industry since 2006, and it has done a significant job so far. So, let’s find out if it is worth investing in or not. 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When you get an echo from the authority, that means they want you to do the business. However, you go gentle and choose a platform through this, and you will operate the site. For designing, you may need to have a designer. Therefore, select a person who will design your website as you will want. Successful serial entrepreneurs always follow the steps and then open websites and earn money online. Read More: How To Endorse A Check- Step By Step Guide For The Beginners In 2021 The Last Lines These are the steps that serial entrepreneurs have to follow to boost their business through E-commerce. However, all the doubts that you could have been cleared. If you still have doubts, then watch a video and learn in more detail. But before going through the steps, research the market. In that, you will learn what the best niche is in demand. You can go with it, therefore. However, don’t waste your time and seriously have a look at the book of business. 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Mobile Businesses Mobile businesses are the most lucrative form of companies that you can quickly venture into. They will travel to their client locations to render the services by moving towards their client, and it does not require the customers to come to them. You must choose the types of business organizations in the right order. It is one of the new forms of a business model that can help your business grow in the right direction. Different types of business models can help your business grow properly. Within a stipulated budget, you can quickly start your mobile business within a short time. Therefore, let’s find out the names of these business categories in the best possible manner. Food Trucks. Pet Grooming. Junk Removal. Tutoring. Cleaning services. Personal training. These types of businesses will require fewer investments, and they can deliver you more profitability. It will help you to develop your earning potential in the best possible manner. Select the types of business organizations in the right form. 2. B2B Freelancing The B2B Freelancing is one of the most lucrative and popular forms of a business model prevalent around the world’s youth. Small and medium scale business owners can start their business with a limited budget while planning to do Freelancing. You cannot expect anything better. The reason is you will become the king of your kingdom with the help of your available skill sets. The best thing about the freelancing form of business is it will allow you to spread your business in the digital world rapidly with high earning potential. Some of the popular models of the B2B Freelanccing models are as follows:- Social Media Managers. Graphics Designers. Data Scientists. Blockchain Technology Experts. Copywriters. The scope of the growth potential here is quite huge, and it can help your business grow in the right direction. 3. Online Education Online education is the new age business model that can help you grow in this digital age rapidly. It can help your business to develop in the right direction. You need to understand one thing that the education sector is evolving at a rapid pace. Teachers and students can connect with each other virtually through online learning education platforms. It makes the learning easy and will help the students learn from the country’s best mentors. Select the types of business organizations after doing the proper research. The investment requirement is less here, and the earning potential is more here. Interactive learning platforms will help you to develop your business to the best of the ability. Let’s get through some of the ed-tech industries that will help you to get the right direction regarding your investment plan in the education industry. Unacademy. Byjus. Udemy. 4. Childcare Business Today, in this 21st century, both the father and mother in a family are working professionals. They cannot devote more time to their child. In such a scenario, the child care business can help those working parents take good care of their child. You need to understand one thing if you want to develop your business, then you need to have options in your hand. It is the essential business model that can help your business grow in the right direction; it will help you develop your business in the correct order. Just make sure that you have chosen the right platform and business procedure to expand your Childcare business model. 5. Online Language Courses The online language courses are one of the best business models that can help your business grow in the right direction. It is another type of business model that can help you earn more profitability quickly. You need to understand that if you want to develop your business on language courses, you must have adequate knowledge of the language domain to help your business grow in the right manner. AI technology will become the next big thing, as per the Economic time’s study. Different types of language courses you can offer to the students virtually like German Language. French Language. Chinese Language. Spanish Language. Why Do You Need To Explore Different Types Of Business Model? The more you can explore the different types of business models, the better you can increase your earning potential. You must understand that you must know its adversities and earning potential if you want to develop your business. These factors can help you to build your business to grow in the long run. You cannot consider things for granted. The only thing that you must consider here is how quickly you can reach your break-even point. You cannot assume things for granted here. Select the business type as per your skill sets and the earning potential. It will help you to develop your profitability. Conclusion Hence, if you want to develop your business in the right direction, you must choose the right business types to provide you more profitability. If you want to earn more, then you need to work harder. It will help you to develop your earning potential in the best possible manner. You must consider things for granted here. Try to choose the best business model to help you develop your business in the right direction. You must consider the pros and cons of every business model so that you can correctly build your brand image. Ensure that you have the right skill set with you while you are selecting a particular niche.
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Such behaviors as helping you to complete your work, valuing you over other employees, and excusing your mistakes. This kind of behavior from a boss is very partial and something that should not happen, but if they probably like you, then you can receive such treatment. 4. They Strike Up A Personal Conversation Suppose your married boss is looking forward to now you more than just in a professional way, then they will talk to you more auto personal things. This doesn’t have to mean that your boss likes you, but they are definitely trying to know you more on a personal level. Your boss might ask you about your hobbies and your other likings in order to know you more. 5. They Don’t Mention Their Spouse A big sign of whether your married boss has feelings for you or not is they talk of their spouse in your presence. If they are into you, then they are totally gonna the avoid the topic of their spouse or fiance when you are present. They might hide the wedding ring or hang up on the call of their spouse when you are around and even act abnormally when they are near. Read more: 10 Signs Your Boss Wants You To Leave 6. They Show Interest In Your Personal Life When your married boss is talking to you about personal things, then observe properly whether they are showing any interest in your personal life or not. Suppose your boss likes you, then they are definitely going to ask you about your love life in a sly manner. And if you are in a relationship, then wait and see your boss’s expression, whether you can see a tinge of jealousy or not. If they quickly change the topic, then they are a bit jealous, knowing that you are in a relationship. 7. They Add You On Social Media Social media is a very “non-professional” platform, so let’s just say you're married boss is showing interest in you; they surely wanna know more about you and your life outside the office. And what better way to know about you than to follow you on social media? This way, they can even keep tabs on your whereabouts and your likes and dislikes. 8. They Send Messages To You For No Reason Trying to establish a more personal connection with you, your boss might text you when outside the office. They might be about “How are you doing?” or maybe “Have you reached home properly?” Even if these texts seem quite normal, if they suddenly start sending you suggestive texts that they might like you, then there can't be a clear enough sign. 9. They’re Subtly Flirty With You Suppose you think your boss might be flirting with you, then you can easily recognize the signs of subtle flirting if you are an expert. Things like lightly touching you after a joke or making eye contact with you and making suggestive comments to you. The signs are clear that your boss likes you, forgetting the fact that they are married. Read more: 10 Signs Your Boss Cares About You 10. They Get Physically Touchy With You Is your boss too touchy with you? Such as hugging you or maybe touching you unnecessarily? In a workplace, handshakes and the occasional patting the back is acceptable. But anything more than that is definitely a sign that your boss might like you, and you don’t have to know any more signs of how to tell your married boss likes you romantically. How Can Romanticism In The Workplace Hurt Your Career? Romance in the workplace can lead to a higher level of distraction. It can ruin your concentration level and prevent you from achieving your set goals. If your Boss becomes flirty with you in workplace, there is a high chance that you are in high-risk zone. 1. Your Professional & Personal Life Can Be At Stake Your professional and personal life can be at stake. There are high chances of distraction and fewer chances of growth. This will offer you short-term happiness and long-term sadness. However, if you like this romanticism of your boss for a longer period, there is a high chance you lose your self-esteem and confidence soon. 2. Growth Opportunities Will Become Less You will become distracted from the path of your career growth due to the romanticism in the workplace with your boss. This can lead to less search for better career opportunities for you in the future. Most importantly, you will be stuck in one place. Your career will be trapped in the mud of stagnancy. 3. You May Be Confused Of Your Boss Mood Swings Romantic employees take care of the boss's mood, not his or her work. Ultimately, this can lead to short-term gains and long-term losses. There is a high chance that you miss out on some happy moments with your family and friends out of an illusionary relationship that ceases to exist. The human mind is not very predictable. So if you have a women boss then the challenge will become 10x times more difficult for you to keep your boss happy all the time. 4. Better To Leave The Job Now, every problem in this world comes with a solution. So, here also have no exception to this matter. If you get signals from your boss that they try to carry a romantic relationship with you immediately leave the job for your own betterment. Don’t enjoy this relationship longer as initially, it will make you smile, but ultimately it will make you cry. 5. Skill Enhancement Chances Will Be Less Your skill Enhancement chances will be less due to your romantic boss. You will receive your next best job based on your skills, not your present boss's reference. Keep this thing in mind and then enter into a romantic relationship with your boss. There is a fundamental rule of thumb: “ Love your work” As companies seize to exist. Frequently Asked Questions !! (FAQs): Here are some popular questions you might want to get an answer to – Q1. How Do You Know If Your Boss Likes You But Is Hiding It? Ans: Did your boss just tell you to stay late for a meeting after work? Well, this might be one of those tell-tale signs that he/she is into you. These bosses usually try to persuade their favorite employees to stay after work so that they can spend time together. This is one of many signs that they like you secretly but are still hiding it. Q2. Do Bosses Have Crushes On Employees? Ans: Although the office is a professional platform, that does not mean we leave our personal feelings behind at home when we head to work. It is possible for any human being to be attracted to others despite their differences in the employment hierarchy. Office romances and work spouses are very common in many countries, and it is quite normal for bosses to develop feelings for their employees. Q3. How Do You Know If Your Boss Admires You? Ans: Here are some common signs that your boss might have some feelings for you –• They may challenge you occasionally. • When your boss relies on you too much, it means that they secretly admire you. • They can leave key assignments and clients to you and feel no worry. • They make you feel respected at work. • They are often willingly recognizing and admiring your work. Wrapping Up! Now that you know all the ways to know how to tell your married boss likes you romantically, then you can do something about it now. If you are uncomfortable with it, then ask for advice from someone trustworthy on how to deal with it. Then skillfully and professionally deal with the situation. So if you find this article helpful, then leave a like and comment below to get more similar content from us. Read Also: 10 Signs Your Boss Likes You 10 Signs Your Boss Doesn’t Like You 10 Signs Your Boss Is Impressed By You
Nov 28, 2022