FSN E-Commerce Ventures, which runs the fashion and beauty e-commerce platform Nykaa, announced P Ganesh as their chief financial officer (CFO).
P Ganesh, who will start his tenure on February 3, will succeed Arvind Agarwal. Agarwal quit Nykaa in November last year to join PayU, the fintech and payments arm of Dutch investment giant Prosus.
Ganesh, who is a chartered accountant, cost and management accountant, and company secretary, has an experience for over 27 years in both domestic and international markets, reported Economic Times.
Prior to Nykaa, Ganesh was associated with the TAFE Group, a leading manufacturer and marketer of tractors in India.
Ganesh has earlier too held leadership and senior management roles in India and overseas. He was also associated with Godrej Group, Glenmark Pharma and Pidilite.
P Ganesh also has vast experience in financial reporting, business finance, investor relations, domestic and international taxation, mergers and acquisitions banking and corporate law.
Falguni Nayar, Founder and CEO of Nykaa, on his appointment, said: “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.”
Ganesh was earlier awarded as the Best CFO in 2010 and 2013 by Business Today. Apart from this, he is a member of the Academic Advisory Panel of the Birla Institute of Management and Technology, Noida.
The new CFO of Nykaa is also the member of the Board of Studies (Commerce) at Mulund College of Commerce, Mumbai and an active commentator in industry and academic forums.
Nykaa, founded in 2012, is a lifestyle-focused consumer technologies platforms. The company offers over 4,500 brands and over 4.6 million product SKUs through its website and mobile applications.
