Falguni Nayar joined the rarefied ranks of self-made billionaire women this week as the Indian beauty startup she founded went public and promptly doubled on its trading debut. Now she’s encouraging more women to seize control.
Nayar runs India’s FSN E-Commerce Ventures Ltd., which raised 53.5 billion rupees ($720 million) in its initial public offering and saw shares rise 96% on its first day of trading. That makes Nayar, who owns about half of the company, worth almost $7 billion and India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index. The stock slipped 3% at 10:28 a.m. in Mumbai Thursday.