Forbes India's list of the 100 richest Indians, dated 9 October 2024, ranked Falguni Nayar and family 71st with a net worth of $4.2 billion.
After Nykaa listed in November 2021, Forbes reported on 10 November 2021 that her net worth had risen to $6.5 billion. Her wealth is largely her stake in Nykaa, which is listed on the NSE and BSE.
Nayar spent about 18 years in investment banking at Kotak Mahindra. She left on 31 March 2012 and founded Nykaa in April 2012 with about $2 million of her own money.
Nykaa's IPO on 10 November 2021 raised Rs 5,352 crore at a valuation of about $7.4 billion. In FY25 the company reported revenue of Rs 7,950 crore and a net profit of Rs 72 crore.