Falguni Nair, the founder of Nykaa’s successes over the past few months, doesn’t seem to end as the CEO of the beauty e-commerce platform continues to add feathers to her crown. According to the Forbes report, the net worth of Falguni Nayar is now almost four times that of Paytm CEO Vijay Shekhar Sharma, The reshuffle in the rankings in relation to net worth comes just a few months after both Nykaa and Paytm were listed on the stock exchanges.
Nair had become the country’s richest self-made female billionaire after Nykaa’s bumper listing on the stock exchanges in November last year when the company issued its initial public offering (IPO). On Wednesday, she became the richest new entrant to the Hurun Global Rich List 2022. The richest new entrants from India to the Hurun Global Rich List, Falguni Nair and her husband Sanjay Nair also figure in the list of top 10 new entrants in 2022. M3M Hurun Global Rich List, the research firm said in a press release.
According to the Forbes real-time billionaires list, Nair has a net worth of $4.9 billion and ranks 579 in the chart. Paytm’s Vijay Shekhar Sharma, on the other hand, has a net worth of $1.1 billion, which is almost four times less than the CEO of Nykaa. Paytm has seen its share price fall by nearly 75 per cent in the last four months.
While Nykaa shares opened at double the price on the day of listing, Paytm shares opened with a discount of 9 per cent when they hit the public market a few days later.
Shares of Nykaa opened at Rs 2,001 on the BSE, registering a premium of 77.87 per cent on the higher end of the issue price. On NSE, Nykaa’s stock opened with a gain of 79.83 per cent at Rs 2,018. On that day, FSN E-commerce, the parent company of Nykaa, also became the first female-led unicorn to debut on the stock market in India. The prices are slightly higher than the issue price even though they are slightly lower.
On the other hand, the shares of Paytm have been witnessing a decline ever since they were listed at a discount in the public market. In this regard, it should be noted that Paytm was the most valuable company in India till 2021 when Byju’s took over. Even though the company raised capital at a capitalization of $19.9 billion, the current value is only $5.4 billion.
With this, Paytm CEO Sharma has slipped 1,000 ranks in the Forbes billionaires list, from 1362 last year to 2387.
After a long stint at Kotak Mahindra Bank, where she ended up as the Managing Director of Investment Banking, Falguni Nair found immense success at Nykaa, but still believed the company had “a long way to go.” Is”. The brand has already started its venture. into the fashion industry, and managed by her Ivy League-educated daughter and son, who are also promoters of the company. Nayaka has also launched her own cosmetic, skincare, haircare and intimate wear line, backed by its steady profits.
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