Do you think you have to be a certain age to make it big in life? You can’t achieve anything special when you get old, don’t you think? Have you ever started like this? Which failed. Then in a flash, all your confidence is lost. If all this has happened to you too, then you should learn from this self-made billionaire today. This woman had the guts to quit her multi-million dollar job and start her own business at a time when many are thinking of retirement. This woman not only started her own business. So, the already existing, very large companies in the country also gave a fork and set an example. This woman is Falguni Nair, founder and CEO of Nayak.
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How did it start?
Falguni Nair launched Nayak in 2012 with the strength of her experience. Born on February 19, 1963 in Mumbai, Falguni was the first investment banker. He started his career as a management consultant with AF Ferguson Company. Worked in Kotak Mahindra Group in 1993 for 19 years. He was promoted to Managing Director of the company in 2005 and held the position till 2012. During his tenure he completed his MBA from IIM Ahmedabad. It was during his MBA that he got the idea to start his own business.
After reaching the age of 50, Nair made a big move and quit his multi-million dollar job to start Nayak. Nayak is a Sanskrit word, meaning an actress who plays the main character. Falguni Nair saw an opportunity to enhance the beauty of Indian women and in 2012 launched an online platform to sell beauty-wellness products. In 2014, Sequoia Capital India invested $1 million in Nayak. After this, gradually many investors invested in the company and the company started expanding.
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Online store launched
The company launched the online facility in 2015 keeping in mind the fact that buyers of cosmetic products should check its quality and buy only if they are sure. The online popular company has opened offline stores and it too has received rave reviews from customers. As a result, both the company’s customer base and profits increased. And in just a short time, the company opened 68 stores across the country.
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After its beauty product, Nayak entered the stock market and gave investors an opportunity to earn. Naika hit the IPO market in 2021 and gave strong returns to investors on the day of listing. Nair took 8 years of setbacks at the start of her business and today is a self-made female billionaire.
Advice for women
“I got a lot of inspiration from a lot of people who started the industry,” Nair said in an interview. He said, “My message to women is to make yourself the most important person in your life. You are the most important person in your life and don’t regret being at the center of the family.” In 2020, Nayak raised more than 100 million through its investments and Nayak currently has a market value of $436.10 billion.