Adwaita Nayar: Daughter of India’s Richest Self-Made Entrepreneur

Adwaita Nayar, the daughter of India’s wealthiest self-made female entrepreneur, Falguni Nayar, has embarked on an unconventional journey marked by extraordinary achievements. Falguni Nayar, the visionary founder of Nykaa, transformed herself from an investment banker into India’s richest self-made businesswoman, inspiring countless women aspiring to excel in boardrooms.

Adwaita’s journey began with her graduation from Mumbai’s renowned Dhirubhai Ambani School. She pursued academic excellence at Yale University, earning a Bachelor of Arts in Applied Mathematics, and later at Harvard University, where she obtained an MBA.

In 2012, while working as a consultant at Bain and Company in the United States, Adwaita’s life took a turn when her mother, Falguni Nayar, made the pivotal decision to launch Nykaa, an online cosmetics store. Adwaita Nayar joined her mother as a co-founder, and together, they charted a path to unprecedented success.

Falguni Nayar, born into a Gujarati family in Mumbai, graduated from IIM Ahmedabad. She spent nearly 18 years at Kotak Mahindra Bank before taking the bold step of founding Nykaa in 2012. Under her leadership, Nykaa became the first woman-led company to be listed on the Indian stock exchange in 2021.

Ranked 44th in Forbes’ 2022 list of India’s wealthiest people, Falguni Nayar boasts a net worth of $2.8 billion. Her entrepreneurial spirit and Adwaita’s partnership have not only reshaped the cosmetics industry but also exemplify success beyond conventions.

Re-reported from the article originally published in The Zee News English