Nykaa, the Mumbai-based e-commerce company which offers a wide array of beauty, fashion, and lifestyle products, has announced the appointment of brand consultant Santosh Desai as an Independent Director on its board, effective July 15, 2024, for a term of three years.
Nykaa’s board of directors currently consists of 10 members, each bringing expertise in various areas including business strategy, technology, entrepreneurship, finance, governance, regulation, human capital management, and corporate social responsibility (CSR).
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“We firmly believe that Santosh’s strategic guidance will play a pivotal role in driving Nykaa’s brand equity forward and fortifying our current array of brands for sustained global triumph,” stated Falguni Nayar, Nykaa’s Executive Chairperson, Founder, and CEO.
Nykaa’s Additional Independent Directors
Additional independent directors of the digital beauty retailer include Milind Sarwate, Anita Ramachandran, Seshashayee Sridhara, and Pradeep Prameshwaram.
Desai held the position of chief executive officer at FutureBrands Consulting for close to 17 years. Additionally, he assumed the role of President at McCann, an advertising agency.
Currently, Desai holds board positions at Think9 Consumer Technologies, Dainik Jagran Group, and Breakthrough. Furthermore, he is an active member of the governing councils at Mudra Institute of Communication, Ahmedabad, and Praxis Business School, Kolkata. Previously, he served on the boards of ING Vysya Bank and Oxfam India.
“I am thrilled to become part of Nykaa as an independent director. Nykaa’s dedication to customer-centric retail has truly revolutionized the beauty and lifestyle landscape in India,” remarked Desai.
Established in 2012, Nykaa caters to 25 million consumers across India. Over time, Nykaa has diversified its portfolio, venturing into lifestyle and B2B sectors with the launch of online platforms such as Nykaa Fashion, Nykaa Man, and Superstore.
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