FSN E-Commerce Ventures Ltd reappoints Ms. Falguni Nayar as MD and CEO

Based on recommendation of the Nomination and Remuneration Committee, the Board of Directors of FSN E-Commerce Ventures Limited, at its Meeting held today, considered and approved re-appointment of Ms. Falguni Nayar (DIN: 00003633) as an Executive Chairperson, Managing Director and Chief Executive Officer of the Company for a term of five years with effect from February 12, 2026 till February 11, 2031 (both days inclusive), subject to the approval of the Members of the Company.

Falguni Nayar founded Nykaa in 2012 with the vision of building a multi-brand omni-channel beauty focused retail business. Within a decade, Falguni has built India's leading beauty and lifestyle focused consumer technology platforms. Under Falguni's leadership, Nykaa has emerged as India's leading beauty retailer, playing a critical role in developing the Indian beauty market and further being recognized on Time's 100 Most Influential Companies list. Over the last 13 years, following Falguni's vision, Nykaa has expanded its product categories by introducing online platforms Nykaa Fashion and SuperStore by Nykaa, an e-B2B offering for retailers in India.

Before founding Nykaa, Falguni spent nearly two decades as one of India's leading investment bankers with the Kotak Mahindra group. During that time, Falguni guided founders of several Indian companies through roadshows in Europe and the U.S. as they made their way to stock market debuts. In 2021, she expertly led her own to a stellar debut on the stock exchanges after Nykaa's IPO received an overwhelming response, having been oversubscribed 82 times and raised INR 53.5 billion. In under 10 years of its journey, Nykaa became India's first and only woman-led unicorn to go public.

Falguni is the recipient of prominent awards and accolades for the crucial role she plays in transforming India's lifestyle, retail, and consumer technology sectors. Recently, she was inducted in Business Today's Hall of Fame for being recognised among the Most Powerful Women for seven times consecutively. She was awarded the Isidoro Alvarez Lifetime Achievement Medal at the World Retail Congress 2023. She was also named the EY Entrepreneur of the Year Award 2022, representing India at the EY World Entrepreneur of the Year Award (WEOY) in June 2022. Forbes India recognised Falguni in the World's 100 Most Powerful Women for the fourth year in a row in 2022 and she was featured in the prestigious list of The Bloomberg 50. Falguni is also on the board of several companies, including Dabur and Kotak Securities.

Shares of FSN E-Commerce Ventures Ltd was last trading in BSE at Rs. 245.95 as compared to the previous close of Rs. 245.45. The total number of shares traded during the day was 393189 in over 10504 trades.

The stock hit an intraday high of Rs. 247.70 and intraday low of 241.95. The net turnover during the day was Rs. 96596543.00.

Source : Equity Bulls

Keywords

FSNECommerceVentures Nykaa Reappointment MD CEO