Nykaa has announced the appointment of Dipak Gupta, former MD & CEO of Kotak Mahindra Bank, as an Independent Director, effective October 1, 2025. His extensive experience in financial services and digital innovation is expected to contribute to Nykaa’s growth and strategic direction. Gupta’s appointment is subject to shareholder approval and is for a term of five years.
Independent Director Appointment
Nykaa has appointed Dipak Gupta as an Independent Director to its Board, effective October 1, 2025. Gupta brings over three decades of experience in the financial services sector, most recently as the former MD & CEO of Kotak Mahindra Bank Limited, where he retired in December 2023.
Gupta’s Background
Prior to his retirement, Gupta spent over 30 years with Kotak Mahindra Bank. He also played a key role in establishing the retail business and was instrumental in the joint venture with Ford Credit. He has also been a member/chairman of various Board and non-board committees across the Kotak Group.
Industry Insight and Expertise
Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa, welcomed Gupta’s appointment, emphasizing his profound knowledge of financial services and strategic acumen in digital innovation, which will be invaluable to Nykaa’s scaling and diversification efforts.
Appointment Details
Gupta’s appointment is subject to the approval of the Members of the Company, as an Independent Director for a term of 5 consecutive years commencing from October 1, 2025, till September 30, 2030. He is a graduate in Electronics Engineering from IIT (BHU), Varanasi, and holds a PGDBM from the Indian Institute of Management, Ahmedabad. He is also a Professor of Practice at IIT Bombay.
Source: BSE
