Section 34
Falguni Nayar
Left investment banking at 50 to start Nykaa, which listed in 2021. (Nykaa (FSN E-Commerce Ventures))
- life
- Born 1963
- era
- 2010 to now
- ₹5,352 crore
- Maximum size of the public issue · 2021
- ₹2,440.9 crore
- Revenue from operations, year to March 2021 · 2021
- ₹1 lakh crore
- Company value on listing day (about) · 2021
The story
Falguni Nayar was an investment banker before she turned entrepreneur at 50. In 2012 she started Nykaa, selling beauty and personal care products online.
In the year to March 2021 its revenue from operations was Rs 2,440.9 crore and it made a profit of Rs 61.9 crore.
Its parent, FSN E-Commerce Ventures, held its public issue from 28 October to 1 November 2021 at Rs 1,085 to Rs 1,125 a share, to raise up to Rs 5,352 crore. On listing day, 10 November 2021, the company's value touched about Rs 1 lakh crore within minutes, and Nayar became one of India's richest self-made women.
Timeline
- 2012Starts Nykaa at 50.
- 2021Nykaa reports a profit of Rs 61.9 crore for the year to March 2021.
- 2021Public issue opens on 28 October.
- 2021Lists on NSE and BSE on 10 November.
- 2021Company value touches about Rs 1 lakh crore on listing day.