Recently, Falguni Nayar was named one of the richest people in the world. Behind the scenes, he owns the beauty e-commerce startup, the Nykaa brand. This journey to reach the pinnacle of success in her professional life as a woman entrepreneur is undoubtedly instructive for the new generation of investors.
On Wednesday, at Dalal Street, Nykaa's parent company, FNS e-commerce, made its debut on the stock market as India's first female-led venture. Falguni Nair,age 58, founder and co-founder of Nykaa, according to the Bloomberg Billionaires Index, she is the seventh richest woman in the country. In its first entry into the stock market on November 10, its e-commerce giant has raised more than Rs 5,350 crore on Dalal Street. At present, it costs Rs 2,358 per share to buy Nykaa, starting at Rs 2,018. Incidentally, Nykaa's recent initial public offering (IPO) has also been listed on the market. Nair is currently one of the richest men in the world, according to AFP.
Speaking of this unprecedented tour before Nykaa was listed on the National Stock Exchange (NSO), Nair said in an interview that his start was quite normal. At the age of 50, he left his big job and set foot on this path without any business experience. Today's rise of her with Nykaa will help future generations to become role models in their respective careers, hopefully India's most successful female entrepreneur at the moment.
The job field of this alumni of IIM-Ahmedabad is also quite glorious. Prior to launching his own startup Nykaa in 2012, he was the Managing Director of Kotak Mahindra Group for a long time. And today, disproving the traditional belief of all ages on the professional side, he has brought the business he started just a few years ago to the pinnacle of success in the world. At the moment, his net worth is $ 1.290 billion.
What is Nair's advice for the new generation of investors?
According to him, the first thing you need to do before investing somewhere is a proper plan. He himself had thought long ago that he would open his own start-up at the age of 50, the harvest of which is today's ‘Nykaa’. So, first of all it is very important to have a specific table or plan.
The second most important thing is confidence and courage. Even if you listen to everyone's opinion seriously, at the end of the day you have to rely on your own decision. Today's Nykaa is selling more than 30,000 products of 300 brands together on the same platform, which in 2012 was a fantasy. Speaking of courage, Nair said he wants more women to dare to dream like him.
Fourth, Nair comments on the veracity of the traditional saying, "the greater the risk, the greater the profit." According to him, in some cases this equation is true. But of course that risk must be accounted for, planned risk. He himself took the risk of starting Nykaa without any prior business experience when he was in his late 50's, and the consequences are well known.
Lastly, he said, success in business requires a balanced approach to both success and profit margins.
How much this success of Falguni Nair has inspired the new generation to invest, let alone the future.
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