Nykaa Board Ropes In Santosh Desai As Independent Director
Other independent directors on Nykaa's board include Milind Sarwate, Anita Ramachandran, Seshashayee Sridhara, and Pradeep Prameshwaram
Mumbai-based ecommerce company Nykaa, known for its beauty, fashion, and lifestyle products appoints brand consultant Santosh Desai as an Independent Director on its board, effective 15 July 2024, for a three-year term, according to a company release on Monday.
Nykaa’s board currently consists of 10 members, each bringing expertise in areas such as business strategy, technology, entrepreneurship, finance, governance and regulation, human capital management, and corporate social responsibility (CSR).
“We are confident that Santosh’s strategic guidance will help steer our vision to propel Nykaa’s brand equity and bolster our existing bouquet of brands for long-term global success,” said Falguni Nayar, executive chairperson, founder, and chief executive officer (CEO) of Nykaa.
Other independent directors on Nykaa's board include Milind Sarwate, Anita Ramachandran, Seshashayee Sridhara, and Pradeep Prameshwaram.
Desai brings nearly 17 years of experience as the chief executive officer of FutureBrands Consulting and has previously served as the President of McCann, an advertising agency. Currently, he is on the boards of Think9 Consumer Technologies, Dainik Jagran Group, and Breakthrough. He is also a member of the governing council of Mudra Institute of Communication, Ahmedabad, and Praxis Business School, Kolkata, and has previously served on the boards of ING Vysya Bank and Oxfam India.
“I am excited to join Nykaa as an independent director. Nykaa has driven a transformative change in the beauty and lifestyle landscape in India with its customer-centric approach to retail,” said Desai.
Founded in 2012, Nykaa now serves 25 million consumers in India. The company has expanded its offerings to include lifestyle and B2B platforms, such as Nykaa Fashion, Nykaa Man, and Superstore.
