Nykaa promoter and chief executive officer (CEO) Falguni Nayar is India’s richest self-made woman promoter with a net worth of nearly Rs 56,600 crore or $7.7 billion, as on Wednesday(10-11-2021).

Key Points

This also makes Nayar the second wealthiest woman promoter in the country behind Savitri Jindal, chairman emeritus of O P Jindal group companies. According to Bloom­berg’s billionaire list, Jindal is India’s richest woman promoter with a net worth of around $12.9 billion.

FSN E-Commerce, the promoter company of Nykaa, closed on Wednesday with a market capitalisation of Rs 1.043 trillion, which makes it the country’s 52nd biggest listed company.

It is ahead of older and well-established firms such as Coal India, Hindalco Industries, Godrej Consumer and Bharat Petroleum Corpo­ration, among others. Nayar, along with her fam­ily, owns 54.25 per cent stake in the company that makes her one of India’s wealthiest promoters.