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Nykaa drives Falguni Nayar to be India's wealthiest self-made female billionaire

Nayar, who has pipped Biocon founder Kiran Mazumdar-Shaw in terms of assets, is now the second wealthiest woman in India after Savitri Jindal. She is richer than the Muthoot family, Marico founder Harsh Mariwala, and Asian Paints’ Abhay Vakil.

November 10, 2021 / 01:01 PM IST

Falguni Nayar, the chief of the first woman-led unicorn to go public in India, has become the country’s richest self-made female billionaire with a net worth soaring to $6.5 billion.

Shares of FSN E-Commerce Ventures, which runs the online marketplace for beauty and wellness products Nykaa, listed with a massive premium of over 79 percent against an issue price of Rs 1,125 on November 10.

Nayar, who has pipped Biocon founder Kiran Mazumdar-Shaw in terms of assets, is now the second wealthiest woman in India after Savitri Jindal, the chairperson of OP Jindal group, who has a net worth of $12.9 billion, according to the Bloomberg Billionaires Index.

She is now richer than the Muthoot family of the Muthoot Finance, Marico founder and Chairman Harsh Mariwala, Asian Paints’ Abhay Vakil, according to Forbes India Rich List.