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25

Falguni Nayar

Falguni Nayar
Person
Nayar spent nearly two decades at Kotak Mahindra's investment bank before founding Nykaa in 2012, at fifty, with her own savings. It began as an online beauty retailer at a time when Indian shoppers had few options outside big cities, and added its own brands, physical stores and fashion. The 2021 listing made her one of India's richest self-made women. She was reappointed chief executive for a five-year term from 2026.
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26

Huda Kattan

Huda Kattan
Person
Born
Kattan was a make-up artist and blogger in Dubai who launched false eyelashes in 2013 with a loan from her sister Mona. Her huge social media following was the distribution channel, and Huda Beauty grew into a global cosmetics brand sold through Sephora. In 2017 the private equity firm TSG took a minority stake; in 2025 she bought it back and now owns the company outright, running it with her husband as co-chief executive.
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