Adwaita Nayar is an Indian businesswoman who has established herself as a leader in the retail industry. She is the daughter of Falguni Nayar, founder and CEO of Nykaa, a beauty and lifestyle retail company formally known as FSN. Adwaita has been the Executive Director of Nykaa since July 2021. She also serves as the chairperson and CEO of Nykaa Fashion.
Her mother Falguni is a former investment banker who quit her job to start Nykaa in 2012. The market cap of the company is Rs 51578 crore, as of July 18. It sells thousands of brands online as well through over 120 stores across India. According to Forbes, Falguni is one of the richest women in India with a real-time net worth of Rs 27590 crore.
Adwaita worked in various positions at Morgan Stanley, Bain & Company, Citi and CARE Tanzania before joining Nykaa in 2013. She holds an MBA from Harvard Business School and a BA in Applied Math from Yale University. After completing her studies, she re-joined the company in 2017 as CEO in FSN Brands to create and strengthen the offline retail footprint of Nykaa.
Since 2018, she has established the Nykaa Fashion’s business and currently oversees nykaafashion.com and many of company’s owned and partner brands. Her brother Anchit Nayar also works for the company. He also resigned from his job in the US to join mother's company in 2017. He is the chairman and CEO of Nykaa E-Retail.
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