Advaita Nayar, a prominent Indian businesswoman, has carved out a notable presence in the business world. She may not be immediately recognizable by name, but as the daughter of Falguni Nayar, founder and CEO of Nykaa, she holds significant influence. Advaita is the Chairperson and CEO of Nykaa Fashion, a brand with a vast global following.
Nykaa, officially known as FSN E-Commerce Ventures Limited, began as an e-commerce platform for beauty and wellness products. Falguni Nayar founded the company in 2012 after leaving her position as an investment banker. At that time, Advaita was six months into her consulting job at Bain & Co. in New York. Inspired by her mother’s entrepreneurial spirit, she quit her job and returned to India to join Nykaa as a co-founder. Her innovative ideas helped propel the brand from its modest beginnings to a household name.
As of July 18, 2023, Nykaa boasts a market capitalization of Rs 51,578 crore. The company offers thousands of brands online and through more than 120 physical stores across India. Forbes has listed Falguni Nayar among India’s richest women, with a net worth of Rs 27,590 crore.
Advaita Nayar’s academic credentials include an MBA from Harvard Business School and a BA in Applied Mathematics from Yale University. After completing her studies, she rejoined Nykaa in 2017 as CEO of FSN Brands, where she focused on expanding the company’s offline retail presence.
Since 2018, Advaita has been instrumental in establishing Nykaa Fashion. She oversees nykaafashion.com and manages several company-owned and partnered brands. Her brother, Anchit Nayar, also plays a crucial role in the family business. Anchit left his job in the US to join Nykaa in 2017 and currently serves as the Chairman and CEO of Nykaa E-Retail.
Advaita Nayar’s journey from prestigious educational institutions to a key role in her mother’s billion-dollar company is a testament to her dedication and business acumen. Her leadership and vision continue to drive Nykaa Fashion’s growth and success on a global scale.
