Nykaa's Falguni Nayar ceases to be Dabur's non-exec independent director after completion of second term

Falguni Nayar, the Non-Executive Independent Director of Dabur, has completed her second term with the company as of July 27, 2024. Consequently, she has ceased to be a Director of the company effective today, July 28, 2024, according to a notification in an exchange filing by Dabur.

Nayar is the founder & CEO at Nykaa. She quit her 25 year career in finance to chase her dream of building India’s premier online retailer for beauty and wellness. With a start in early 2012, Nykaa launched its online portal Nykaa.com by December 2012 and has since progressed to offering 300 leading brands on a single platform. Nayar has also served on the boards of Tata Motors Limited and Aviva Life Insurance Company India Limited. She also served as India Advisor at Temasek, a subsidiary of Temasek Holding Singapore. She was a Founding Member of the Asia Society in India, and a Board Member with Business Standard. Nayar had a long stint at Kotak Mahindra Bank where she started with setting up firm’s international operations in London and New York. She was later Head of Institution Equities business and then moved on to take on additional responsibility as Managing Director of firm’s Investment Banking business. At Kotak Investment Bank, she successfully guided the firm to be India’s leading IPO Banker and was instrumental in closing a number of successful M&A deals including sale of Hutchison to Vodafone, Bharti – Walmart JV for India Retail amongst others. At Kotak she was part of operating management committee, a small group of top management. Prior to joining the Kotak Mahindra Bank, Nayar worked as a consultant with A. F. Ferguson & Co. She holds a Master’s degree in Management from the Indian Institute of Management, Ahmedabad, where she majored in Finance. She graduated with a Bachelor of Commerce degree from Sydenham College of Commerce and Economics. Falguni has received many accolades through her career including the FICCI Ladies Organization (FLO) award for top woman achiever in the field of Banking and Business Today award recognizing her as top 25 women in Business.