Nykaa, which is run by its publicly traded parent company FSN E-Commerce Ventures, announced on 23 January that P Ganesh has been named as the business’s chief financial officer (CFO) with effect from 3 February 2023.
He is now the CFO of TAFE Group. Prior to joining TAFE, he held executive positions in India and abroad with the Godrej Group, Glenmark Pharma, and Pidilite.
P Ganesh, according to the company’s regulatory filing, is a Chartered Accountant, Cost and Management Accountant, and Company Secretary with over 27 years of business expertise in local and international markets.
“We are pleased to welcome Ganesh to our leadership team and be part of Nykaa’s growth story that will benefit from his rich financial experience. His knowledge about the Indian financial market and insights into International markets will be valuable in guiding Nykaa’s journey as a leader in beauty and lifestyle omnichannel retail.” said Falguni Nayar, Founder and CEO, Nykaa.
Commenting on his appointment, P Ganesh said, “I’m excited to join Team Nykaa and become a part of the remarkable Nykaa growth journey as it expands its presence further by entering new markets, products and geographies.”
“I look forward to leveraging my expertise and contribute to what I believe is an exciting phase in the Nykaa journey as it continues to grow and scale its businesses,’’ he added.
Ganesh is a member of the Academic Advisory Panel at the Birla Institute of Management and Technology, Noida, in addition to being the CFO of TAFE Group. He is also a member of the Mulund College of Commerce’s Board of Studies (Commerce) and an active commenter in industrial and academic forums, according to Nykaa.
Meanwhile, Nykaa shares finished 1.93 per cent down on the BSE today (23 January) at Rs 124.75 a share, compared to the previous close. The stock is down 19.59 per cent year to date (YTD).
