‘Age Isn’t A Barrier’- The Successful Story Of Falguni Nayar
Age should never be considered as a barrier to any profession in this would. Anyone can do anything if they have the passion and that fire to do it. This is the story about a woman who left her job at the age of 50 to run her own business which has become the No.1 beauty and lifestyle company throughout the world. This story definitely sets an example for the fact that age is never a barrier to anything.
Falguni Nayar was born on 19th February 1963 in Mumbai, India. She finished her undergraduate degree in the stream of Economics from the Sydenham College of Commerce and Economics. Not only did she get enlisted in the Indian Institute of Management, Ahmedabad, but she also aced them.
In 1993, Falguni joined the Kotak Mahindra Group, a banking and financial company in Mumbai. After some years of struggle, she obtained a senior management position of Managing Director in 2005.
Life was going smooth for Falguni, having a stable job and a high figure salary. But there was something that didn’t satisfy Falguni. She always had the passion to have her own company. So, she quit her stable job of M.D in the year 2012 to open her own company. Woah! This is definitely a huge risk taken by Falguni. But they say that risk is the spice of life!
Definitely, there would have been some opposition to the decision she took. Her relatives and friends said that it was a crazy idea to consider. “Just work for a few years, retire and take care of the family”, this would be the plan for every person at that age. But that wasn’t the case for Falguni, she was persistent in creating her own business.
She went to Mr. Uday, the chief operating officer of Kotak group, and reported her resignation. He mockingly commented that he wouldn’t compete with her company. She said that she wanted to work on the side of beauty.
She solely started her own beauty e-commerce company called Nykaa, in 2012 investing 2 million dollars of her money. The word ‘Nykaa’ in Sanskrit refers to a female leader, more or less like a heroine. It initially started as a venture for multiple beauty products.
After many years of innovative ideas and implementations, Nykaa stands out to be the No.1 beauty and lifestyle company selling 2,00,000 products through websites, applications, and around 80 stores throughout India. This has been entitled as the first unicorn start-up led by a woman. A lot of Bollywood actors like Katrina Kaif, Alia Bhatt, Jhanvi Kapoor, and so on have been brand ambassadors and investors for Nykaa.
Just a few months ago, the company got its IPO (Initial Public Offering) on October 29, 2021, with a share price of 1125 per share. Within a few days, the stock went booming, listing Nykaa in NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). Now Falguni Nayar is the second self-made billionaire in the country with a net worth of 58,635 crore rupees.
This story truly sets an example for the fact that age shouldn’t be considered as an excuse for stopping your passion. If Falguni had dropped the idea considering her age and the advice she got from her relatives and friends, there wouldn’t have been Nykaa and she wouldn’t have become a billionaire.
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