With a worth of Rs 58,635 cr following her beauty business’s market debut, Falguni Nayar has joined India's billionaire club. No one who knows the middle-class Gujarati girl who aced IIM, had a long successful banking career, and then took a giant leap into a new, unknown field at 50 is surprised.

Falguni Nayar. (Illustration: Shyam Kumar Prasad)

In 2012, when Falguni Nayar decided to quit her high-profile job of Managing Director at Kotak Mahindra Capital Company, she told Kotak Mahindra group chief Uday Kotak she was happy at the company but wanted to do something different. In the book How Uday Kotak Built A Valuable Indian Bank, Kotak recalls her telling him, “I won’t compete with you.” When he pressed her on what she wanted to do, she said, “I am passionate about doing something in Internet and beauty.”

Nine years later, that “something” happened. On November 10, her start-up FSN E-Commerce Ventures, the parent firm of beauty products retailer Nykaa and India’s first woman-led unicorn, made a debut on the stock exchange with its market valuation crossing the Rs 1 lakh crore ($13.47 billion) mark. The net worth of Nayar, who owns around 52.56% stake in the company, surged to US $7.90 billion (around Rs 58,635 crore), making her the second richest businesswoman after Savitri Jindal of the O P Jindal Group (net worth $18 billion as per the Forbes list).

Nykaa joined food delivery firm Zomato, which listed its shares earlier this year, in the Rs 1 lakh crore market capitalisation club. Paytm, whose Rs 18,300-crore IPO closed last week, is expected to join in the coming days.

Weird and interesting facts about Japan - 13 Dec.

Nitish sinha December 12, 2021

Illegal to make clone

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Although it is not a regular thing to have a clone of yourself, but is against the law to experiment with human cloning in Japan, and it has been in place since 2001. If anybody is found breaking the rule, they will be sentenced to 10 years in prison or fined heavily. This law has been put into place to deter scientists from fiddling in human cloning research.

You can’t be fat

Sumo wrestlers of Japan are quite famous, but you would be surprised to know that there are hardly any obese people in the country, outside of sumo wrestling arena. Even though the Japanese have a well-balanced diet, that is not the only reason for their low obesity rates. Reportedly, as per the 2008 Metabo Law, the government monitors the waistline of those who turn 40 years old to ensure that you stay healthy. In fact, Japanese citizens between the age of 40 and 74 are supposed to have their waistlines measured annually.

People are hired to push people inside trains

Around 57 per cent people in Tokyo use public transportation, thereby creating massive commuter struggles. If records are to be believed, most of the railways operate at more than 100 per cent overcapacity. To tackle this situation, the city even hires ‘transit pushers’ to push people inside the trains during rush hour.

Vending machines that sell almost everything

Japan boasts of having the highest density of vending machines, with approximately around 5 million machines, or 1 machine for every 23 people. While the first machine that was set up in Japan to sell cigarettes, almost everything from magazines, flowers, full meals to condoms, umbrellas, and toilet papers can also be bought from these machines today. Japan’s fascination for automation is demonstrated in this vending machine culture, and almost every street features one vending machine at least.

Gambling is illegal

Gambling is illegal in Japan! There is, however, a game similar to gambling. Pachinko is the name of the disguised game, so it’s not officially gambling. One has to purchase tiny metal balls that are slotted into the machine. Balls that win are then exchanged for tokens and prizes, which are then exchanged for money.

Take power naps on the job

Yes, you heard that right! Taking naps in between work are encouraged, as they believe this improves workflow and speed. This also means that you are dedicated to your job and have worked long and hard for your job. Some people even fake it!

Shoes not allowed inside homes

It is considered rude to wear shoes inside a house. In fact, before entering a house, you will be given a pair of slippers, and asked to take off your shoes there. This Japanese custom became a thing back in the days when Japanese used to sit on the floor and eat, and didn’t want dirty shoes to ruin the spot where they were supposed to eat.

Penis festival

The Kanamara Matsuri festival that celebrates the penis and female fertility is held every year. It is celebrated in the Japanese city of Kawasaki on the first Sunday in April. During this time, almost everything, including vegetables, candy, and decorations are given the shape of the male reproductive organ or other things related to fertility.

Slurping noodles is considered polite

Slurping noodles in Japan is considered polite, as according to them, it displays appreciation for the food. So, the next time you go to a noodle restaurant in Japan, slurp and enjoy your noodles to the fullest.

Milan Tomic

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Who_is_Falguni_nayar

With a worth of Rs 58,635 cr following her beauty business’s market debut, Falguni Nayar has joined India's billionaire club. No one who knows the middle-class Gujarati girl who aced IIM, had a long successful banking career, and then took a giant leap into a new, unknown field at 50 is surprised.