Business News

Nykaa names new CFO and CTOs and announces additional executive posts

Nykaa, an online fashion and beauty platform has appointed P. Ganesh as chief financial officer (CFO) and Rajesh Uppalapati as chief technology officer (CTO), the company said in a media release.

Ganesh brings with him over 27 years of diverse experience in Financial Reporting, Business Finance, Taxation, Investor Relations, Banking, M&A and Corporate Law, serving as the CFO across companies such as TAFE Group, Pidilite Industries, Godrej Group, Glenmark Pharmaceuticals.

On the other hand, the new CTO Uppalapati has worked at Amazon for 20 years across different roles and geographies and more recently at Intuit.

AdvtAbhishek Awasthi, Eswar Perla, Dhruv Mathur and Amit Kulshrestha have joined the existing technology leadership team. With a collective experience of over 60 years between them across organizations such as Walmart, Amazon, Magicpin and LBB, they take on key roles in product and engineering, helping to drive innovation and growth across the company’s digital platforms.

Apart from changes in top technology and finance positions, the e-commerce major has also announced changes in business, and marketing leaderships to spearhead its next phase of growth.

Falguni Nayar, founder and CEO, Nykaa said, “With a common entrepreneurial ethos and mindset, this leadership team is well poised for success as the Nykaa ecosystem expands in scope and scale.”

Other leadership roles

T.V. Venkataraman, with over 25 years of experience across companies such as Ashok Leyland, Flipkart, & Aditya Birla Group, joins the team, responsible for the internal audit & risk management charter.

As Nykaa’s diverse businesses carve out their own path, there is growing opportunity and complexity in the finance, legal and regulatory functions.

With over 25 years of experience across diversified sectors, at organizations such as Vodafone Idea,, Ultratech Cement, Viacom18, Sujeet Jain is the company’s chief legal & regulatory officer. He will lead the legal, company secretarial, compliance & regulatory functions.

AdvtVishal Gupta, a seasoned veteran, with over 27 years of experience at Unilever has extensive experience across geographies and BPC categories. In his role as the head of beauty consumer business at Nykaa, he leads innovation, brand building, growth and profitability for the business. He will also lead Superstore by Nykaa, the eB2B distribution business. He will spearhead the next leg of growth for these two strategic and high growth businesses.

Dr. Sudhakar Y Mhaskar will lead innovation at Nykaa’s consumer business as the chief R&D and quality officer. He brings rich experience of over 30 years across Unilever and Marico, with expertise in new product development including packaging, consumer insights, quality, and technical regulations.

Shailendra Singh, with over 16 years of experience at Unilever, supports the beautyecommerce business in the category and brand management function.



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