Nykaa CEO Falguni Nayar bags EY Entrepreneur of the Year award
Falguni Nayar, founder & CEO, Nykaa, has been named as the EY Entrepreneur of the Year 2021 and will now represent India at the EY World Entrepreneur of the Year Award on June 9.
An investment banker-turned-entrepreneur, Nayar disrupted a brick-and-mortar industry by taking a digital route to sell beauty products in 2012. Her start-up, Nykaa, is one of the profitable start-ups in the country with a strong omni-channel presence.
Over the last two years, she has diversified from beauty into fashion and lifestyle and has a well-established portfolio of over 2,600+ international brands and 100+ offline stores.
Nayar was the recipient of the EY Entrepreneur of The Year Award in the Start-up category in 2019.
A.M. Naik, group chairman, Larsen & Toubro, was felicitated with the Lifetime Achievement Award. Naik joined the L&T in 1965 and grew within the ranks to become the chairman and managing director in 2003.
The Winners were selected by an eminent nine-member independent Jury Panel led by KV Kamath, Former Chairman, ICICI Bank.
Awards were also announced for nine other categories with the winners representing both mature industries and young entrepreneurs from startups including unicorns.