Falguni Nayar named in M3M Harun Global Rich List 2022

19 March 2022, Mumbai:

With $7.6 billion wealth, Falguni Nayar, Founder , Nykaa has named in the M3M Hurun Global Rich List 2022.

The Hurun Report is widely recognized world-over for its comprehensive evaluation of the wealthiest individuals across the globe.

The report is the largest compiler of the rich list globally.

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Nayar along with her husband Sanjay Nayar, featured in the list of top 10 new entrants in the 2022 Hurun Global Rich List, according to the list.

Nayar’s entry in this coveted list is backed by the success of the Nykaa IPO, which had received a bumper response from the investors.

Former head of an Indian investment bank, Nayar founded Nykaa in 2012 at the age of 50.

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The unicorn offers 4,000 beauty, personal care, and fashion brands through its website, app, and 80-odd brick-and-mortar stores. A graduate from IIM Ahmedabad, Falguni started her career in consulting.

She then spent 18 years at the Kotak Mahindra Bank, helming several businesses, and was the Managing Director of Kotak Mahindra Investment Bank, and was director at Kotak Securities – the bank’s institutional equities division.

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CREDITS: The Hurun Report.